This gathering of tax practice leaders from Alliance firms, including principals in BDO’s National Tax Office and Specialized Tax Services practice, will provide key tax technical updates in a variety of disciplines, as well as breakouts for peer discussion on challenges, ideas and best practices in running profitable and efficient tax practices.

This session is designed to review the more significant updates that impacted private clients in 2023 and midway through 2024.

This session will review the more recent 2023/2024 changes and focus on federal tax procedure and controversy, as well as discuss current trends in procedure, exam and appeals. We will provide an update on the IRS implementation of $80 billion funding received in 2022 legislation that was discussed in last year’s session.

This session will cover an update of the global minimum tax and hot topics in international tax, such as the final foreign tax credit regulations, section 987 regulations, and recently released Notice 2024-16 (provides guidance regarding CFC basis adjustments in certain transactions). It will also provide an update on the status of certain U.S. income tax treaties, such as Chile and Hungary.

This session will focus on new developments in the R&D tax credit and Sec. 174 area, including current IRS and related state tax authority environments and how to proactively plan for and position research credit claims in the evolving environment. It will also discuss guidance on addressing specified research or experimental expenditures under Sec. 174.

This session is designed to provide a more strategic discussion of tax issues for high-net-worth taxpayers, the sunset of the current estate tax exemption amount if there is no congressional action and what to do, and the U.S. federal income tax and information reporting obligations that may apply with respect to foreign trusts and estates.

This session will provide an update on recent tax law and regulatory guidance relating to corporate businesses. It will also provide an update on the various issues we are seeing in M&A transactions from a U.S. federal income tax perspective for both the buyer and seller.

This session will focus on the complicated and daunting task of keeping accurate computations of partner capital accounts. Those accounts can be heavily impacted as a result of partnership transactions, so it will also focus on important considerations and related calculations. The session will also provide an update on transactions involving partnership equity rollover, taxable purchase of partnership interests, pre-transaction partnership formations, and partnership terminations and the related impact of transactions.

Given the increased interest in Employee Stock Ownership Plans (ESOPs) as a succession planning strategy, this session will provide an update on what is happening in the ESOP world and related business and tax issues. It will also provide a basic overview of ESOPs, as well as important information for owners to consider in their decision.

This course will address the most significant developments in 2023 with respect to S corporations and their shareholders, including legislative, regulatory and administrative updates, as well as clarification of the areas in which an S corporation may (or may not) obtain a private letter ruling to address its federal income tax status.

This session will provide an update on key state sales and use tax and value-added tax developments and trends with significant implications for clients. As e-commerce continues to grow, the landscape for indirect tax is transforming. This session will delve into how businesses are coping and how U.S. sellers need to be aware that they may have VAT/GST collection responsibilities starting with the first dollar.

This session will provide a high-level overview of the most impactful developments in the accounting methods area for the 2023 tax return filing season and upcoming 2024 tax year. Emphasis will be placed on an update on Section, small business taxpayer simplification updates, the interplay between the tax leasing rules and ASC 842 implementation, recent revenue recognition issues, and bonus depreciation sunset. It will also cover recent accounting method change procedures impacting how the Form 3115 is prepared.

This session will provide an update on key state income tax developments and trends in the past year, including nexus, PL 86-272, market-based sourcing, combined/unitary reporting, pass-through entity taxes and more.

This session will provide an overview and update on key considerations when doing business in Canada, including tax and related business issues. The panel will include key professionals from BDO Canada to discuss those issues, as well as BDO USA to provide insight on how U.S. businesses manage their tax and business issues in Canada. Attendees will gain an understanding of what clients should expect when they do business in Canada and where to get information and guidance to assist them.

This session will focus on updates for 2023 that impact the upcoming audit season, as well as some of the more recent challenging aspects of ASC 740. It will provide further discussions on implementation of Tax Control Framework, from small to large companies, that can help mitigate tax risk. Topics to be covered include accounting for the impact of enacted tax law changes, tax accounting implications of recent FASB Accounting Standard Updates, and understanding operational tax risk and its implications for all companies, among many others.

Given the IRS announcement in late 2023 that it will provide more focus on large partnerships, this session will cover key areas the IRS is likely to focus on and what to do to help clients be prepared. It will also provide an update on emerging issues and recent court cases impacting the taxation of partnerships.