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ARIZONA FORUM FOR IMPROVEMENT OF TAXATION

Annual Summer Seminar-July 16, 2014

PRE-REGISTRATION IS REQUIRED

Payments by Paypal ONLY

Pre-Registration MUST be received by July 9, 2014

Please send inquiries to :   afit@afitaz.org

ARIZONA FORUM FOR IMPROVEMENT OF TAXATION

 

Summer TAX SEMINAR

 

July 16, 2014

9:00 AM to 4:30 PM

BLACK CANYON CONFERENCE CENTER 

9440 N 25 TH AVE

Phoenix, Arizona 85021

 6 CPE

  

 Free Parking

ARIZONA FORUM FOR IMPROVEMENT OF TAXATION

 

SUMMER TAX SEMINAR

 

July 16, 2014

9:00 AM to 4:30 PM

New Location:

Black Canyon Conference Center

9440 N. 25th Avenue

Phoenix, Arizona 85021

 

  8:30 AM -   9:00 AM        DOORS OPEN / REGISTRATION

 

  9:00 AM – 9:50 AM         IRS TAXPAYER ADVOCATE:  ISSUES AND CONCERNS

                                            

                                             Speaker:           Chastity Wilson            Local Taxpayer Advocate

 

10:10 AM – 11:50 AM      UPDATES TO THE TANGIBLE PROPERTY REGULATIONS

 

                              Speaker:           Alexander Bagne         Attorney, MBA

KBKG: Director of Repair Regulations practice

 

    11:50 AM – 1:10 PM        LUNCH                      (included in registration)

                    

1:10 PM  -  2:00 Pm          FORM 8300 and your reporting requirements /       

AVOIDING THE UNINTENTIONAL “structuring” of cash transactions

 

Speaker:           Jason Silver                 Attorney

                                               

2:00 PM  -  2:50 PM       IRS COLLECTION ISSUES: A PRAGMATIC APPROACH

                                   

                                                Speaker:           Tracy Essig                  Attorney

                                                                       

   3:10 PM  -  4:00 PM        ARIZONA TAX UPDATE (INCLUDING TPT UPDATE)

 

                                      Speaker            Anthony Forschino      AZ Dept of Revenue

                                               

 

 

Seminar Fee:  $ 90.00             6.0 hours of CPE (pending IRS approval)

 

Arizona Forum for Improvement of Taxation is excited to be holding its 2014 Summer Seminar at the Black Canyon Conference Center.  The Center is conveniently located at 9440 N. 25th Avenue, just east of I-17, between the Dunlap and Peoria exits.   The meeting rooms are state-of-the-art, there is a generous selection on site of food and beverage options and the parking is safe and convenient.

For AFIT’s first seminar in our new location, we have the following course offerings:

Updates to the Tangible Property Repair Regulations.  (2 hours)

In September of 2013, the IRS issued final regulations that change how taxpayers deal with repair and maintenance expenditures as well as numerous rules that affect all taxpayers that acquire, produce, or improve tangible property. These new repair regulations became fully effective January 1, 2014 and, in many situations, change prior law. The key objectives of this presentation is:

·         Understand the changes and new rules presented by the final Repair Regulations and proposed    disposition regulations.

·         Explain the rules on Units of Property, Building Systems, as well as Betterments, Restorations, and Adaptations.

·          Identify opportunities for missed deductions and other tax planning strategies.

·          Use proper Accounting Methods to effectuate changes under the Repair Regulations

Alex Bagne is the Director of KBKG’s Repair Regulation practice and leads the practice office in Cleveland, Ohio. With more than 15 years of experience, Alex specializes in federal tax consulting strategies that have saved his clients millions of dollars. His expertise includes cost segregation, energy efficiency incentives, research tax credits, fixed asset reviews, and the LIFO inventory method. He has worked for Ernst & Young, Deloitte Tax, and PriceWaterhouseCoopers. 

Did we mention that Alex is flying in from Ohio to make this presentation?  Don’t miss it!

 

“Form 8300 and your Reporting Requirements / Avoiding the Unintentional “Structuring”of Cash Transactions     (1 hour)

 

Tax attorney Jason Silver will cover the requirements of who is required to file a Form 8300, the requirements for filing a Form 8300, including what is cash or cash equivalents, when the Form 8300 must be filed, suspicious activities and notice to the payer.  It will also cover what to do when the payer does not provide all the information necessary to complete a Form 8300.  Finally, it will cover sanctions, both civil and criminal, for failing to file a Form 8300 or not sending in a complete form.  Jason will also cover “structuring”, also known as “smurfing” in the bank industry, in order to keep the bank from filing a currency transaction report (CTR) for transactions of more than $10,000, including sanctions for engaging in such conduct.

 

Jason Silver has an active tax practice dealing with local, state and federal audits and criminal investigations and civil and criminal litigation in all courts.  He also handles collection cases, voluntary disclosures, trust fund cases, and international tax issues.  Jason was an IRS Office of Chief Counsel attorney, the past chair of State Bar of Arizona and is the current Vice President of  AFIT.  Jason is a certified tax specialist by the State Bar of Arizona; he frequently lectures on civil and criminal tax issues.

 

 

IRS Collection Issues:  A pragmatic approach    (1 hour)

Tax attorney Tracy Essig will provide an overview of the main elements of Internal Revenue Service’s collection policies and practices.  He will demystify the differences in the first four letters that a client will receive from the Collection division on a balance due account.  Tracy will discuss the Notice of Federal Tax Lien filing, and the Final Notice of Intent to Levy, and what problems and opportunities are associated with each.  You will be able to distinguish a lien from a levy.  Tracy will discuss the various types of IRS installment agreements, and what level of financial information is required for each.  He will discuss briefly the options for dealing with unmanageable tax debt.

Tax attorney Tracy Essig has years of experience with tax debt.  He worked with the Office of the Arizona Attorney General (Chief Counsel of the Bankruptcy & Collection Enforcement Section, whose largest client was the Arizona Department of Revenue).  Tracy is extremely well versed in the nuances of the Action Marine decision, and its impact on shareholder-officers of corporations that have TPT liabilities.  Discharge of tax debt in and out of bankruptcy, which includes the discharging of tax debt through bankruptcy, in addition to asset protection are significant areas of Tracy’s practice.

 

The Phoenix Local Taxpayer Advocate:  Issues and Concerns     (1 hour)

Chastity Wilson is the Local Taxpayer Advocate for Phoenix.  She will review some of the issues that are of concern to the National Taxpayer Advocate.  Chastity will also discuss some of the issues handled recently by the Phoenix Taxpayer Advocate Service office, as well as resource issues affecting Internal Revenue Service’s operating units.

 

Arizona Tax Update (including status of TPT changes)    (1 hour)

Anthony Forschino oversees multiple programs at the Arizona Department of Revenue.  He will provide an overview of some of the key tax law changes during the most recent legislative session.  Anthony will also spend significant time reviewing the status of the implementation of the House Bill 2111, Transaction Privilege Tax Simplification, which begins on January 1, 2015.  Anthony’s presentations are always informative and engaging, and frequently they are quite entertaining.   

Register at www.afitaz.org                                                    Registration closes on July 8, 2014

 

 

 

Arizona Forum for the Improvement of Taxation, AFIT, is a coalition of the Arizona Bar, Arizona Society of Enrolled Agents, Arizona Society of Practicing Accountants, and the Arizona Society of Certified Public Accountants with liaison from the Internal Revenue Service, the Arizona Department of Revenue, and the City of Phoenix.  In addition to sponsoring educational programs with varied government input, AFIT committees with representatives from all the member groups meet monthly to discuss filing, collection and examination issues.

Seminars 2 x per year

The Mission Statement adopted states 

To create and foster a spirit of understanding and cooperation among tax administrators, tax professionals, legislators, and taxpayers striving to continuously improve the quality of the American Tax System.  To achieve that purpose, we will:

 -Work collaboratively to educate taxpayers as to their rights and responsibilities within the tax  law.

 --Work jointly to educate tax professionals and tax administrators through improved communication, team work, and timely dissemination of information.

 --Provide education, assistance, and feedback to legislators in the development and review of federal, state and local tax law.

 --Jointly develop solutions to problems which impact on the effectiveness and efficiency of tax administration.

 --Provide support and assistance to tax exempt organizations dedicated to the furtherance of the objectives stated above.

The spirit at AFIT is to attack the problem, but never an individual.  Members work together in a cooperative, not an adversarial spirit.

Seminars 2 x per year

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