Summit 2022

This is the webcast option for those that would like to attend virtually with streaming video.
Lunch sessions are not avialable in the webcast.

Monday, August 22, 2022

8 - 9:45 a.m. - Succession Planning
Rob Hugos, Attorney, CPA, LLM (Tax)/Director of Advanced Planning/Texas Trust Law, PLLC/Austin
Christi Mondrik, Attorney, CPA/Founder/Mondrik & Associate/Austin
This panel will discuss a myriad of practical tax and estate planning issues associated with transferring a family business to the next generation. 

9:45 - 10 a.m. | Break

10 - 11 a.m. (concurrent sessions)

• Estate Planning Update
  Get the latest developments in trust, estate and gift taxes. This session will give insight to the SECURE Act provisions, such as expansion of section 529 plans and 401(k) access to part-time employees.

• Tax Credits & Incentives
  Tyler Noesser/Director/ alliantgroup/Houston
  Tax credits and incentives have been instrumental in bringing business to Texas but some big changes are on the horizon. Find out the latest information on credits and incentives and which will remain available in upcoming years.

• Property Tax Update
  Tracy Turner, JD/Partner/Brusniak Turner Fine LLP/Dallas
  With property values increasing in Texas, property tax is a very hot topic. Learn the latest updates and the questions you should be asking.

11:10 - 12:10 p.m. (concurrent session)

• Estate Tax Planning with a 2025 Horizon
  Kelly R. Hein, Jr., CPA/Partner/ BKD-Private Client/Fort Worth
  Unless the legislature acts, big changes are coming in 2025. Learn how to best address these issues and others in your estate plan.

• Recent Developments in Federal Income Taxation
  Bruce McGovern, JD, LLM/Professor of Law/South Texas College of Law Houston/Houston
  This session will review the most significant statutory enactments, judicial decisions, IRS rulings, and Treasury regulations promulgated during the last twelve months that affect general domestic income taxation, corporate taxation, partnership taxation, and tax procedure.

• Sourcing Income - Issues and Traps
  Marilyn A. Wethekam, JD/Partner/ HMB Legal Counsel/Chicago
  This session will discuss recent developments and issues related to the sourcing of income. It will address where and how the gains or losses associated with the sale of a subsidiary, partnership interest or other investments should be sitused. Also, what are the traps to avoid when evaluating the sourcing income.

12:30 - 1:30 p.m. - Luncheon Presentation - Economic Update (NOT AVAILABLE IN WEBCAST)
Is this the new normal? Come get an update on what’s going on in the regional economy. You’ll hear about how “normal” isn’t what it used to be.

1:30 -2:30 p.m. (concurrent sessions)

• So, You Want to Set Up a Charity? Legal Structures and Tax Considerations
  Danika H. Mendrygal/Attorney/Owner/Managing Member - Tax-Exempt & Nonprofit Organizations/Mendrygal Law, PLLC/Dallas
  In this session, our speaker will walk through a typical conversation with a donor interested in a charitable project or endeavor, including the available structures and methods, tax, legal and practical considerations, and process. Among other topics, she’ll discuss fiscal sponsorship, donor advised funds and the various classifications of charities under 501(c)(3).

• Maneuvering Around the K‐2 and K‐3: A Practical Approach
  Josh Whitworth, CPA/Partner/Howard, LLP/Dallas
  Learn the ins and outs of the K-2 and K-3 schedules. Here how the new standardized format helps shareholders and partners stay in compliance when filing forms 1065, the 1120s, and 8865.

• Evolution of Unclaimed Property Compliance
  PJ Sheets, CMI/Managing Director/Crowe LLP/Houston
  As states seek to increase compliance from corporate holders, their enforcement efforts are evolving beyond the usual audit. New options include self-audits, verification reports and more. Learn how your organization can best comply and what each option may mean for you.

2:30 - 3:30 p.m. (concurrent sessions)

R&D Credit - Federal and State Tax
Devin Hall/Tax Office Managing Partner/Crowe LLP/Houston
This presentation will cover an update on the Research & Development tax credit from both a Federal and State perspective.  The update will include an update on recent court cases, IRS procedures and recent guidance issued by the IRS and state authorities.  The update will also include an update on recent Federal and State examinations of the R&D tax credit.

• Secure Act / Changes in Retirement Plan Distributions
  Michael Lum, JD/Director/Baker Tilly LLP/Plano
  Come get all the details on how Secure Act changes and proposed regulations affect retirement plan distributions.

3:30-3:45 p.m. | Break

3:45 - 4:45 p.m. (concurrent sessions)

• Tax Scams Related to Estate Planning*
  David Gair, JD/Partner and Tax Controversy Practice Group Leader/Gray Reed/Dallas
  This presentation will discuss the top tax scams in estate planning.  Included in the discussion what common elements are involved in fraudulent planning so that tax professionals know how to spot the issues.  Lastly, the presentation will include options on how to resolve such matters with the IRS.

• Criminal Tax Panel Discussion
  Devin Hall/Tax Office Managing Partner/Crowe LLP/Houston
  Learn the latest on criminal tax investigations, IRS areas of focus, and what to do when someone from the IRS shows up on your client’s doorstep with a badge and a gun.

Tuesday, August 23, 2022

8 - 9:15 a.m. - Pass-through Entity Elections
This presentation will cover the various considerations taxpayers and their advisors should address when choosing a pass-through entity. The discussion will include an analysis of Texas franchise tax issues, including Tiered Partnership elections, and how they may be used to minimize liabilities.

9:20 - 10:20 a.m. (concurrent sessions)

• Updates on Forms 706 and 709s
  Estate and gift tax returns can be complicated and ongoing regulatory changes require more disclosures and details than ever. Find out the latest updates on federal tax reporting for estates and gifts.

• Partnership/S-Corp/C-Corp/Trust Update
  Ashley Withers, JD/Associate/Jackson Walker/Dallas
  Choice of entity is critical, particularly when evaluating tax considerations. Not all entity options are available for all businesses. This panel will cover the most recent updates, requirements, and tax considerations associated with partnerships, S corporations, C corporations, and trusts.

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• Oil and Gas - Sales Tax and Other Indirect Taxes
  Carolyn Shantz, CPA, CMI/ EVP Revenue and Head of Sales & Use Tax/Merit Advisors/Houston
  The oil and gas industry has been a hotbed of controversy involving state taxes. The Comptroller’s office has shifted policy in treating some transactions that were previously services as taxable rentals of equipment. The oil and gas industry is subject to other indirect taxes as well. Learn what you need to watch out for to protect your oil and gas clients as they deal with state and local tax issues in this volatile economic environment.

10:20 - 10:35 a.m. | Break

10:35 - 11:35 a.m. (concurrent sessions)

• Welcome to Texas: Estate Planning for California Refugees
  Krista Dupps, JD/Senior Counsel/Atwood McCall/Dallas
  With large numbers of Californians moving to Texas, the goal of this presentation will be to provide an overview of California trust and estates as compared to Texas procedures and practices. For new Texas residents from the Sunshine State there are several key differences that can significantly affect current estate planning. The treatment of income from separate property, trust funding practices, post death non-probate transfers options, intestacy proceedings, and real property transfer processes are just a few of the many differences that practitioners should be aware of when reviewing and updating or preparing estate planning for former California residents.

• 163(j) Related to Real Estate Cost Segregation
  IRC Section 163(j) limits a taxpayer’s business interest expense deduction. Learn how this provision applies in the context of real estate cost segregation.

• WHarmonizing the Antiquities of Texas Sales and Use Tax with a Modern Electronic Age
  David Colmenero, JD, CPA/Partner/Meadows, Collier, Reed, Cousins, Crouch & Ungerman LLP/Dallas
  Many of the Texas sales and use tax statutory provisions were enacted decades ago, long before modern-day electronic products and services were even conceived.  Thus, it should come as no surprise that considerable uncertainty exists in determining how Texas law should apply to the ever-changing landscape of modern-day electronic products and services. This presentation will discuss areas of uncertainty that exist as a result of recent developments in electronic commerce, focusing on areas of controversy and litigation.

11:50 a.m. - 12:50 p.m. - Luncheon Presentation - Accounting Firm M&A Update (NOT AVAILABLE IN WEBCAST)
Duncan Campbell, CPA/Private Wealth Practice Leader/Baker Tilly/Dallas
Accounting firms have been going through mergers and acquisitions, particularly throughout the pandemic and as we emerge into a new era for service providers. Find out the latest information and M&A updates for accounting firms.

12:50 -1:50 p.m. (concurrent sessions)

• Asset Protection Planning
  James Atwood, J.D., L.L.M./Managing Partner/Atwood & McCall, PLLC/Dallas
  Asset protection is an important part of the estate planning process to protect family assets from potential creditors. This presentation will cover what advisors need to know about asset protection techniques and which are best for various circumstances.

• Carried Interest Update
  Shane Elrod, CPA/Tax Partner/Baker Tilly/Dallas
  Taxation of carried interests has long been a discussion topic, but guidance has only recently been issued. Many questions remain. Find out the current issues and taxability considerations and questions practitioners are asking to aid their clients with compliance

• Texas State and Local Tax "Gotchas"*
  David Gilliland/Managing Partner/Duggins Wren Mann & Romero, LLP/Austin
  The laws and regulations governing Texas state and local tax can surprise experienced professionals. This session will explore areas where procedural default lies in wait as well as evidentiary requirements that are not intuitively obvious. In both state tax cases and property tax cases, it is imperative to be on the lookout for traps to avoid.

1:50 - 2 p.m. | Break

2 - 3 p.m. (concurrent sessions)

• Medicaid Myths and the Use of Trusts in Public Benefits Planning*
  Michael Cohen/Attorney/Michael b. Cohen & Associates/Dallas
  Many think public benefits are only for the poor. This session debunks many of those myths and discusses how various trusts can be utilized in combination with various tax considerations.

• Federal Legislative Update
  Learn what Congress has been doing in the area of federal income tax. Find out how recent changes to the Internal Revenue Code may affect your clients

• Sister State Update - Oklahoma, Arkansas, Louisiana, New Mexico
  Jaye Calhoun/Partner/Kean Miller LLP/New Orleans
  Matthew Boch/Partner/ Wright Lindsey Jennings/Little Rock
  Hear from tax practitioners from some of the states sharing a border with Texas. Learn about the hot topics in each state and what to watch out for when clients are doing business in or have customers in those states.

3:05 - 4:05 p.m. (concurrent sessions)

• Conservation Easements - Valuable but Proceed with Caution
  Lori Olson/Executive Director/Texas Land Trust Council/Austin
  The IRS has taken an aggressive stance on conservation easements, challenging many of them as alleged tax avoidance transactions. Learn about the most recent case law and other developments, and how to proceed with caution if a conservation easement is appropriate for your clients

• Comptroller Panel: Working Effectively with the Comptroller's Office*
  Emma Fuentes/ Director - Audit Division/Texas Comptroller of Public Accounts/ Austin
  Ray Langenberg/ Special Counsel/Texas Comptroller of Public Accounts/ Austin
  This panel will feature senior leadership from the Texas Comptroller's office for a discussion of the latest developments in the areas of tax administration, audit, hearings and litigation.