Sessions

7:30 AM to 8:20 AM

Check-in

Continental breakfast is served.

8:20 AM to 8:30 AM

Welcome and Introductory Remarks
Presentation of Scholarships

8:30 AM to 10:00 AM

Professor Edward A. Morse

Provides an overview of significant developments in federal income taxation that are likely to interest practitioners and advisors within a broad range of professional practices. Primary emphasis placed on case law developments but also includes references to significant administrative rulings and regulations as well as legislation.

10:00 AM to 10:15 AM

Refreshment Break

10:15 AM to 11:15 AM

Wm. Robert Pope, Jr.

Defines IRS alternatives for collection of delinquent taxes; discusses offer in compromise and installment payments; and examines dischargeable taxes as well as adversary proceedings, all with reference to the Bankruptcy Code.

11:15 AM to 12:15 PM

Thomas J. Pauloski

An examination of how to maximize after-tax portfolio income, considering charitable remainder trusts as a tax-deferral strategy, the parameters for accumulating or distributing trust income in a complex tax environment, and whether saving for retirement using pre-tax dollars is worth all the effort.

12:15 PM to 1:15 PM

Luncheon

included with registration

1:15 PM to 2:45 PM

Charles A. Redd

Outlines challenges regarding discretionary distribution decisions. Examines duty of prudent investment and duty to diversity. Discusses reliance on exculpatory clauses and removal and replacement of Trustees.

2:45 PM to 3:00 PM

Preview – Breakout Sessions

3:00 PM to 3:20 PM

Refreshment Break

3:20 PM to 4:35 PM

Richard J. Tiwald, Bryan Pleskac

An overview of the final Tangible Property Regulations and related IRS guidance, including practical considerations in implementation.

Wm. Robert Pope, Jr.

Addresses the bankruptcy process and federal tax claims; cancellation of debt through bankruptcy; litigating tax claims; and litigating dischargeability.

Mark A. Weber, Jeffrey D. Sharp

High income earners felt the full brunt of the American Taxpayer Relief Act of 2012 (ATRA) in April 15, 2014. Learn how families are utilizing specially designed life insurance contracts to shelter investment earnings from the higher rates then turning them into tax-free streams of retirement income.

4:35 PM

Recess

8:00 AM to 9:00 AM

Timothy L. Moll

A comprehensive review of current federal developments in estate and gift taxation.

9:00 AM to 10:00 AM

Greg Kyte

Just because our jobs are boring doesn’t mean our continuing education has to be. Greg Kyte—who was included in Accounting Today’s list of the Top 100 Most Influential People in the Accounting Profession— combines his expertise as a CPA with his 12 years of experience as a stand up comedian to turn continuing education on its head. He’s created a unique and entertaining continuing education experience that does not compromise on content.

10:00 AM to 10:15 AM

Refreshment Break

10:15 AM to 11:15 AM

Continuation of “Ethics” presentation

11:15 AM to 12:15 PM

Professor Roger A. McEowen
  • The Affordable Care Act and Agricultural Producers/Businesses
  • The 2014 Farm Bill Selected Issues in Agricultural Taxation
    • Domestic Production Deduction
    • Income Averaging
    • In-Kind Wages Paid to Ag Labor
    • Meals and Lodging Furnished to Employees
    • Repair/Capitalization Regulations
  •  Agricultural Rulings and Cases

12:15 PM to 1:15 PM

Luncheon

included with registration

1:15 PM to 2:15 PM

John P. Gimigliano

An update on recent legislative developments and the latest on what’s happening in Washington, DC.

2:15 PM to 2:30 PM

Refreshment Break

2:30 PM to 3:30 PM

Professor Nicholas A. Mirkay III

Overview: This presentation will provide an overview of federal income tax exemption law and then analyze recent developments that affect current practitioners, including, but not limited to, the private inurement prohibition (excess benefit transactions), the application of the private benefit doctrine, the political campaign activity restriction and the recent scandal involving IRS review of social welfare organization applications, and the applicable portions of the Affordable Care Act to tax-exempt hospital systems. A necessary component in each of these developments is the ethical questions they raise for practitioners.

3:30 PM to 4:30 PM

Nicholas K. Niemann

A look, first, at recent Nebraska state tax developments, then an overview of state recent state tax developments in Iowa. State tax incentive developments for Nebraska and Iowa will also be highlighted.

4:30 PM

Adjournment