Sessions

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Continental Breakfast
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Greetings and Presentation of Scholarships
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The Deryl F. Hamann Keynote Presentation
Case Studies in Estate Planning for Retirement Benefits: Real Life Situations After SECURE
Presenter(s): Natalie B. Choate

How to integrate retirement benefits into the typical estate plan now that SECURE has taken away the life expectancy payout for most beneficiaries. Case studies illustrate the planning options for the client whose major asset is an IRA or other retirement plan who wants to:

  • Benefit the surviving spouse (including “second marriage” situation)
  • Save estate taxes – how does “portability” fit in?
  • Leave benefits to adult children, minor children, multiple children
  • Leave benefits to a disabled beneficiary
  • Plan for a traditional vs. a Roth IRA
  • Hear about “outside the box” solutions for replacing the stretch IRA
  • Keep perpetual control while getting maximum deferral and low tax rates
  • Hint: That last client may be disappointed
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Refreshment Break
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The Deryl F. Hamann Keynote Presentation (Continued)
IRA Mistakes and How to Fix Them
Presenter(s): Natalie B. Choate

Are you prepared to handle your clients’ IRA mistakes? Sooner or later you will have a client who missed a required minimum distribution, made an excess contribution, bungled a rollover, or messed up a Roth conversion. Find out whether your client faces a 6%, 10%, or 50% penalty, a deemed distribution, or disqualification of the IRA.

Most IRA mistakes can be fixed! Use corrective distribution, absorption, re-characterization, hardship waiver of a deadline or a penalty, or a rollover to solve your client’s problem and get the IRA back on track.

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Current Federal Developments in Estate and Gift Taxation
Presenter(s): Timothy L. Moll

This annual update will review legislative, regulatory and case developments in:

  • Gross estate developments
  • Valuation of developments
  • Lifetime gifts developments
  • Retirement plans and miscellaneous developments
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Luncheon – included with registration
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Important Developments in Federal Income Tax
Presenter(s): Prof. Edward A. Morse

This popular annual presentation will include updates from the last year:

  • Gross Income Topics
  • Gross Income and Exclusions from Gross Income
  • Deductions
  • Tax Procedure
  • S Corporations and Partnerships
  • C Corporations: Legislative Overview
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Refreshment Break
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Farm Income Tax Update
Presenter(s): Prof. Roger A. McEowen

Professor McEowen provides his popular update for those whose clients are farmers and ranchers. This year, he will be addressing:

  • Caselaw and IRS Developments of Interest
  • Fixing Bonus Elections and Computations; Other Depreciation Problems
  • Update on Farm NOLs
  • Weather-Related Sales of Livestock – Tax Reporting Rules
  • Captive Insurance
  • Farm Tax Planning in Economic Uncertainty
Recess and Networking Reception
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Continental Breakfast
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State Tax and Economic Development Update
Presenter(s): Nicholas K. Niemann

Mr. Niemann’s presentation is a long-running staple of the Institute and will include:

  • A review of significant new State Tax, Incentives and Economic Development measures, focusing on Nebraska, Iowa and the U.S.
  • Updated strategies on the role of each professional in resolving state tax audits, refund claims and appeals

  • What’s ahead for Nebraska state tax, incentives and economic development

  • The latest in how corporate attorneys and CPAs are helping grow their Nebraska clients

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Refreshment Break
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Charitable Giving: Public Charities, Private Foundations, Donor Advised Funds and Split Interest Giving
Presenter(s): Patrick J. Horning
  • Understanding the Differences Between the Various Charitable Entities
  • Public Charities: Requirements and Rules to Obtain an Income Tax Deduction
  • Private Foundations: Requirements and Rules to Obtain an Income Tax Deduction
  • Donor Advised Funds: Accelerating Charitable Efforts (ACE) Act Gift Annuities
  • Charitable Remainder Trusts, Charitable Lead Trusts, and Charitable
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The Corporate Transparency Act: Where We Are, Where We’re Going, and a Few Other Corporate Compliance Things You Should Know About
Presenter(s): John R. Strohmeyer
  • Background and Reasons for the Corporate Transparency Act to Exist
  • Overview of Legislation
  • First Round of Regulations
  • Reporting by the Company
  • Reporting Required by Advisors
  • What Should Advisors Be Doing Now?
  • Other Hidden Reporting Traps for Advisors
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Luncheon – included with registration
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Research and Development Tax Credit: Recent Developments and Hot Topics
Presenter(s): Michael Boenzi
  • The New Section 174 Capitalization Regime – Explore the new requirement and the associated implications of the mandatory requirement to capitalize research and development costs under IRC Code Section 174, effective January 1, 2022
  • Refund Claim Directive – Chief Counsel Mem 20211410F, indicates critical information that taxpayers must disclose in order to meet the specificity required to make a valid IRC Section 41 research credit claim for refund. Learn more about the legal advice contained in this guidance and the associated considerations for taxpayers
  • Emerging IRS Examination Trends – A discussion of recent IRS examination trends in the R&D credit environment with topics including business components definition/identification, the refund claim directive as well as Little Sandy Coal Company v. Commissioner and the substantially-all test
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Refreshment Break
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The Paul C. Jesson Ethics Presentation
Hot Topics in Legal Ethics
Presenter(s): Prof. Kristen Blankley

This presentation covers new and emerging issues in the area of legal ethics. Topics covered will include:

  • Solicitation and client referrals
  • Ethical issues covering harassment by lawyers in the workplace
  • Requirements for registration of in-house counsel
  • Requirements for language interpreting services
Adjournment