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Live Webcast Replay

ACPEN Signature: 2021 Annual Tax Update


Total Credits: 8 including 8 Taxes - Technical

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Category:
ACPEN Signature |  Tax |  IRS Approved
Faculty:
C. Clinton Davis, CPA, JD |  Bruce McGovern, JD, LLM |  James A. Smith, CPA, CGMA |  Kathy Ploch, CPA |  Linda Bradley McKee, CPA, PhD
Course Levels:
Update
Duration:
8 Hours
License:
Access for event date only.

Dates


Description

For practitioners, it’s a challenge to stay current or ahead of the curve! This ACPEN course will include a panel of national tax practitioners and experts reviewing the latest legislative and regulatory developments affecting individuals, corporations and other business entities.  The panel will focus on providing practical advice useful to practitioners during the upcoming tax season.  Of course, the panel will also explain the latest legislation, IRS initiatives, new regulations, revenue rulings and court decisions that impact the way you advise your clients.

We can give you the best information anywhere on current tax issues…current to the day of the broadcast! Explore in detail the latest statutory, regulatory and judicial developments impacting tax issues. Get the latest details and all the developments in this up-to-the minute tax program that you won't want to miss.
 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Basic Course Information

Learning Objectives
  • Explore in detail the latest statutory, regulatory and judicial developments impacting tax issues 

Major Subjects
  • Overview of the Consolidated Appropriations Act of 2021, the American Rescue Plan Act of 2021, the Infrastructure Investment and Jobs Act of 2021 and the resulting impact on your clients’ tax situation.
  • Proposed Legislation and planning opportunities.
  • Paycheck Protection Program and Employee Retention Credit (latest on eligibility, amendments and real world dealings with the IRS on these issues, as well as how to report the benefits on the income tax returns.
  • Capital Accounts in Partnerships:  Book Capital Accounts versus Tax Basis Capital Accounts.
  • Tax Update for Not-for-Profit Entities.
  • Retirement Account Updates---Qualified Plans.
  • Retirement Account Updates—Non-Qualified Plans and Strategies.
  • Business Transitions and Planning Opportunities (Sale treatment, structure options, etc).
     

Course Materials

Faculty

C. Clinton Davis, CPA, JD's Profile

C. Clinton Davis, CPA, JD Related seminars and products

Krage & Janvey, L.L.P.


CLINT DAVIS is with the law firm of Krage & Janvey, LLP in downtown Dallas.  He graduated cum laude from the SMU Dedman School of Law in 1980 and first in his graduating class from Northwestern State University of Louisiana in 1977 with a Bachelor of Science in Accounting.  He was first licensed in Florida as an attorney in 1980 and then in Texas in 1982.  He has been a licensed CPA in Texas since 1980.  He has been Board Certified in Tax Law by the Texas Board of Legal Specialization since 1988.  He has been named as a Super Lawyer, a Top Attorney in Texas by Texas Monthly, one of the Best Lawyers in Dallas by D Magazine and a Top Rated Lawyer by the Dallas Morning News, all in the tax area. 

Clint has in the past been an author and discussion leader for numerous CPE courses for the Texas Society of CPAs. Clint also speaks before various bar associations and accounting conferences. and is a frequent presenter and moderator on the Accountants’ Continuing Professional Education Network.

Clint primarily represents high net worth individuals and closely held businesses with much of his time devoted to real estate tax planning, implementation of S corporation ESOPs, mergers and acquisitions and private foundations.


Bruce McGovern, JD, LLM Related seminars and products

Professor

South Texas College of Law


Bruce McGovern is a tenured member of the faculty at South Texas College of Law Houston, where he also serves as Director of the school’s Low Income Taxpayer Clinic.  Previously, he served for many years as the school’s Vice President and Associate Dean for Academic Administration.  He received his undergraduate degree from Columbia University and his law degree from Fordham University School of Law.  After law school, he served as a judicial clerk for Judge Thomas Meskill on the U.S. Court of Appeals for the Second Circuit in New York.  He then practiced law with the law firm of Covington & Burling in Washington, D.C.  He subsequently earned an LL.M. in Taxation from the University of Florida Levin College of Law, where he taught as a visiting faculty member before joining the faculty at South Texas College of Law Houston.

 

Professor McGovern teaches and writes in the areas of business organizations and taxation.  His courses include Federal Income Taxation, U.S. Taxation of International Transactions, Partnership and Subchapter S Taxation, and Federal Tax Procedure.  He frequently speaks on recent developments in federal income taxation.  Professor McGovern is a member of the Council of the State Bar of Texas Tax Section, a former Chair of the Houston Bar Association Section of Taxation, and a Fellow of the American College of Tax Counsel.

 


James A. Smith, CPA, CGMA's Profile

James A. Smith, CPA, CGMA Related seminars and products

Managing Director

Smith, Jackson, Boyer & Bovard, PLLC


James A. Smith, CPA, CGMA, serves as Managing Director of Smith, Jackson, Boyer & Bovard, PLLC, a Dallas based, full service Certified Public Accounting firm.  In his fifty years of professional experience, he has performed audit engagements in real estate development and construction, investment partnerships, manufacturing, utilities, retail, transportation, and health care.  He has worked with companies ranging in size from large, multinational corporations to small, closely held businesses.  He has also been engaged extensively in tax and financial planning consultations for closely held businesses and their owners; tax compliance and tax controversy representation.

Mr. Smith has been a frequent panelist on ACPEN webinars.  He has appeared as a featured commentator on all four Dallas/Ft. Worth network news stations, including three and one-half years as a featured business commentator on KXAS, TV5; on the TSCPA “CPAs on Call” state-wide tax television program; and on various radio news programs.  He has conducted seminars on tax and financial planning for the Dallas Chapter of the TSCPA, stock brokerage firms and life insurance companies, and on marketing and practice management for the TSCPA, the North Carolina Association of CPAs, the Arkansas Society of CPAs, the Pennsylvania Institute of CPAs, and the American Institute of CPAs.  He has made presentations on analyzing financial statements for the reporting staffs of the Dallas Morning News, Dallas Business Journal, Wall Street Journal, and San Antonio Express.  He has also made CPE presentations on SSARS standards for the Illinois Society of CPAs, the Texas Society of CPAs, the Dallas Chapter of TSCPA, the Southeast Texas Chapter of TSCPA, and others.

Mr. Smith served as Chair of the Texas Society of CPAs (TSCPA) for the 2007-2008 year, as an elected member of its Executive Board and its Board of Directors, and as Treasurer and Treasurer-Elect. He served as an elected member of the AICPA Council 2007 through 2011 and 2012 through 2015.  He also served as an appointed member of two of the AICPA’s key standard setting committees:  the Accounting and Review Services Committee, 2008 through 2011 and the Tax Practice Responsibilities Committee, 2014 to 2018.  He has served as Chair of the Dallas Chapter of TSCPA (DCTSCPA) for the 2002-2003 year and a member of its Board of Directors.  He has served the TSCPA as Communications Subcommittee Chair of the Federal Tax Policy Committee, Attestation Subcommittee Chair of the Professional Standards Committee, Chair of the External Relations Steering Committee, Chair of the Strategic Planning Committee, Chair of the MAP Future Issues Committee, Sub-Committee Chair of the Quality Review Committee, and Chair of the Public Practice Association.  In recognition of his service, Mr. Smith has been named an Honorary Fellow of the TSCPA in 2017, presented with its Meritorious Service to the Accounting Profession in Texas Award in 2013, and had been named Outstanding Steering Committee Chairman for the year 1999-2000, Outstanding Committee Chairman for the year 1995-1996, and Outstanding Committee Member for the Years 1992-1993 and 1995-96.  The DCTSCPA also named him CPA of the Year for 1999-2000.

Mr. Smith is a graduate of Southern Methodist University with a BBA in Accounting and Economics.  He is a Certified Public Accountant in the state of Texas and is a licensed Registered Investment Advisor.

Mr. Smith resides in Dallas with Charlie, his wife of 50 years. They have three grown daughters, all of whom are married, a grandson and three granddaughters.


Kathy Ploch, CPA Related seminars and products

Tax Manager

Durio & Company, P.C.


Kathy Ploch, CPA, currently serves as a Tax Manager at Durio & Company, P.C., in the Houston, Texas area.  She prepares individual, corporate, partnership, estate, trust, and non-profit federal and state tax returns.  She also assists with IRS and collection issues.  She has been with this firm since 2019.  Previous to this position, Kathy worked for Harper & Pearson Company, P.C. where she served as Entrepreneurial Services Department Manager from 2012-1019.  From 1997-2012 she worked as a Tax Manager for Zientek & Company, P.C.  

Kathy received her Master of Business Administration, Accounting degree from the University of Houston in May, 1994 and became a Texas Certified Public Accountant in April, 1999.

Kathy served as President of the Houston CPA Society in 2009-2010 and was the Past Burden Reduction Sub-Group Chair of the Internal Revenue Service from 2009-2011.  From 2006 to the present, she has been on the Board of Directors for the Texas Society of CPAs, serves on the TXCPA Federal Tax Policy Committee, and was a Past-President and volunteer for the Texas Accountants & Lawyers for the Arts.  From 2014-2016, Kathy was a member of the AICPA Advocacy & Relations Committee, and from 2014-2019, she was an online reviewer of IRS Nationwide Tax Forum presentations.  She was a member of the AICPA Tax Executive Committee from 2016-2020.  Since 2020, Kathy has been serving as the Chair of the TXCPA Relations with IRS Committee and as an Associate Member of the AICPA Tax-Exempt Technical Resource Panel.


Linda Bradley McKee, CPA, PhD Related seminars and products


Linda Bradley McKee, PhD, CPA is an Associate Professor Emeritus in the Accounting and Legal Studies department at the College of Charleston and has more than fourteen years’ experience in public accounting with local and national CPA firms. She brings a unique background of years teaching and real-life experiences in public accounting to the classroom. Linda has published numerous articles and is a past member of the American Accounting Association, the American Taxation Association, the Charleston (SC) Tax Roundtable (formerly Program Director) and the Charleston (SC) Estate Planning Council (formerly President). She has taught graduate tax courses in the taxation of pass-through entities, tax research, corporate tax, estate tax, and the taxation of business entities. She earned a Master of Science in Accounting from Texas Tech University in 1977 and a Ph.D. in Accounting from the University of North Texas in 1993. Linda has been a frequent part of ACPEN’s Annual Tax Updates.


Dates

Wed, Dec 15, 2021 - 08:00am to 04:00pm MST
Wed, Dec 15, 2021 - 12:00pm to 08:00pm MST
Wed, Dec 29, 2021 - 08:00am to 04:00pm MST
Wed, Dec 29, 2021 - 12:00pm to 08:00pm MST
Thu, Jan 06, 2022 - 08:00am to 04:00pm MST
Thu, Jan 06, 2022 - 12:00pm to 08:00pm MST
Mon, Jan 17, 2022 - 08:00am to 04:00pm MST
Mon, Jan 17, 2022 - 12:00pm to 08:00pm MST
Tue, Jan 25, 2022 - 08:00am to 04:00pm MST
Tue, Jan 25, 2022 - 12:00pm to 08:00pm MST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For Public Practitioners
Original Recording Date 12/8/2021
Yellow Book No
Course Developer Business Professionals' Network, Inc.
Date Added to Catalog 1/24/2021

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method Group Internet Based
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Course Registration Requirements Online Registration

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