NHSCPA/McLane Middleton Tax Forum

This 41st annual NHSCPA/McLane Middleton Tax Forum will be held on Friday, November 17, 2023 at the Grappone Center in Concord, NH.

Agenda:

8:00 a.m. – Welcome

8:05 a.m. – 9:30 a.m.
Session: Federal Tax Update
Presenters: Jim Moran CPA, MST, Andrew Plourde, CPA, Kolbie R. Deamon, Esq., McLane Middleton and Joshua Sandler, McLane Middleton

This session will on recent federal tax updates. This will include an update on Schedule K2 reporting, the new disregarded entity reporting rules, overview of IRS Notice 2022-63 relating to Research and Experimental Expenditures, the federal tax deduction for pass through entity tax paymens and any late breaking tax developments.

9:45 a.m. – 10:45 a.m.
Session: Exploring Generative AI
Presenter: John F. Weaver, Esq., Director, McLane Middleton

This session will focus on the generative AI landscape including: understanding what generative AI is; how practitioners and their clients are using generative AI applications; intellectual property issues associated with generative AI; understanding the terms of use agreements governing generative AI applications; ethical issues in generative AI (e.g., duty of care and confidentiality); disinformation and deepfakes; and the adoption of generative AI policies to govern organizations’ use of the technology. Recent current events will help inform practitioners of traps for the unwary when using generative AI.

11:00 a.m. – 12:00 p.m.
Session: IRS Status
Presenter: Joseph McCarthy, CPA – IRS

Learn about the current status of IRS tax return and claims processing. Also, learn about IRS electronic products and services that may you help when representing your clients before the IRS and some recent IRS policy changes you might have missed.

12:00 p.m. – Lunch

1:00 – 2:30 p.m.
Session: New Developments in Retirement Planning
Presenters: Kelly Guarino, JD, VP & Trust Counsel, Fiduciary Trust Company and Sarah R. Grandfield, JD, VP & Trust Counsel, Fiduciary Trust Company

The rules for retirement planning continue to change. This session will review the effect of SECURE 2.0 on retirement planning strategies and highlight current planning techniques. The panelists will illustrate Roth IRA conversions, discuss the intricacies of trust-inherited IRAs, and note the supercharged combination of Roth IRAs and trusts. They also will discuss updates to charitable planning techniques, including qualified charitable distributions, charitable gift annuities, and donor-advised funds.

CONCURENT SESSIONS:

2:45 p.m. – 4:00 p.m.
Session: State Tax Update
Presenters: Kevin Kennedy, CPA, CFE, ABV and Matthew Foley, CPA, UHY

The State Tax Update session will review recent changes and issues with state taxation nationwide with a focus on New Hampshire and other New England States. Topics will include nexus issues, apportionment and market based sourcing, unitary reporting, taxation on out of state employees and recent tax and other unique state taxation items

2:45 p.m. – 4:00 p.m.
Session: What’s New in Estate Planning?
Presenters: Patrick O. Collins, Esq, Director McLane Middleton and Caitlin G. McCurdy, Esq., Director McLane Middleton

This session will focus on recent changes in the estate planning and estate and gift tax landscape. The panelists will provide an overview of the anticipated changes to the federal estate and gift tax exemption amount as well as summarize current case law developments that affect wealth transfer strategies including formula clauses, valuation disputes, and charitable giving. The new case law will help inform practitioners of traps for the unwary when implementing gifting strategies before the exemption amount potentially changes at the end of 2025.