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“Church First”: Important Updates on the Issues that Affect Religious Organizations
Nov 2 @ 8:00 pm – 5:15 pm

Conference Schedule — Issues that Affect Religious Organizations 2017

8:00am – 8:30am Check-in and Breakfast

8:30am – 8:45am Opening Prayer and Introduction

8:45am – 9:15am Keynote Speaker: Rev. Dr. James A. Forbes, Jr.

9:15am – 10:15am Leadership Panel

  • Moderator: John Scibilia
    Executive Administrator, Plymouth Church of the Pilgrims
  • Rev. Peter Cook
    Executive Director, NYS Council of Churches
  • Rev. Derek Lecakes
    Bishop, Atlantic District of the Lutheran Church- Missouri Synod
  • Rev. Dr. Robert Alan Rimbo
    Bishop, Metropolitan New York Synod of the Evangelical Lutheran Church in America
  • Donald V. Romanik
    President, Episcopal Church Foundation

10:15am – 10:30am Morning Break

10:30am – 11:30am Mission Driven Development

  • Moderator: Renato Matos
    Partner, Capell Barnett Matalon & Schoenfeld LLP
  • Daniel Martin
    President and CEO, NYC Housing Partnership
  • Rev. Patrick H. O’Connor
    Head of Staff and Pastor, First Presbyterian Church in Jamaica
  • Molly Park
    Deputy Commissioner for Development,
    Housing Preservation and Development (HPD)
  • Donna Cole-Paul
    Assistant Attorney General, Transaction Section Chief,
    Office of the Attorney General
  • Abigail Young
    Assistant Attorney General, Office of the Attorney General

11:30am – 12:30am Responsible Investing

  • Travis A. Allen
    SVP, Senior Portfolio Manager, Alliance Bernstein L.P.
  • Anne K. Bucciarelli, CFA
    Director-Wealth Strategies Group, Alliance Bernstein L.P.
  • Kimberly Davis
    Partner, Alliance Bernstein L.P.
  • Susana McDermott
    Director of Communications
    Interfaith Center on Corporate Responsibility

12:30pm – 1:30pm Working Lunch (option A or B) courtesy of Capin Crouse

A. Update on New Reporting Standards under ASU2016-14
Fran Brown, Partner & Professional Practice Leader-Attest,
CapinCrouse LLP

B. Simple Steps to Cybersecurity
Lisa Traina, Partner,
Traina & Associates, a CapinCrouse Company

1:30pm – 2:30pm Important Lessons from Construction Projects
(Big and Small)

  • Moderator: John Osborn Partner, John E. Osborn P.C.
    Salvatore Barbieri
    Owner, Metropolitan Planning & Management LLC
  • Paula Mayo
    President and Executive Director, The Interchurch Center
  • Moira McClintock
    Partner, Ford 3 Architects, LLC2:30pm –3:00pm Afternoon Break

3:00pm –4:00pm Capital Campaigns and Online Giving

  • Tom Kissane
    Principal and Managing Director, CCS Fundraising
  • Gavan Mooney
    President, Changing Our World, Inc.
  • Stephen J. Nicholl
    Director of Development, Diocese of Trenton4:00pm –5:00pm Protecting Your Assets: Insurance Best Practices
  • Richard Freiman
    Partner, Richard Freiman & Associates PLLC
  • Michael Jakob
    Vice-President, Carriage Trade Insurance Agency, Inc.
  • Lisa O’Brian
    President, Baylis & Geist, Inc.

5:00pm –5:15pm Closing Prayer and Remarks

Will V. Revocable Trust – The Boxing Match of the Century
Nov 15 @ 12:15 pm – 1:15 pm

Will V. Revocable Trust – The Boxing Match of the Century

(1 TAX CPE) (1 CLE)
Gregory L. Matalon, Esq.; Robert S. Barnett, CPA, Esq.

Hear ye, hear ye, come one, come all to the boxing match of the century. Come to this fun and informative lunch to hear the benefits and detriments of a Will v. Revocable Trust.

Two Views From Audit to BCMS: Tips for a NYS Residency Audit
Nov 16 @ 11:30 am – 12:20 pm

Two Views From Audit to BCMS: Tips for a NYS Residency Audit

11:30 AM-12:20 PM
Yvonne R. Cort, Esq., and Francis Leo, Section Head, Nonresident Audits, NYS Dept. of Taxation and Finance

This interactive presentation will look at recent developments and practical issues related to a NYS or NYC resident income tax audit, from the perspectives of the practitioner and the State. Topics will include domicile, permanent place of abode, the 183-day rule, and statutory residency. When a taxpayer is selected for the intense scrutiny of a residency audit, it’s important to be prepared.

Long Island Tax Professionals Symposium
Nov 17 all-day

S Corporation Update

9:30 AM-11:10 AM and 1:50 PM-3:30 PM
(1 TAX CPE) (1 CLE)

Robert S. Barnett, CPA, JD, MS (Taxation)
S Corporations continue to play an important role in business structure. If the specific rules and requirements are not followed, this special tax status may be lost resulting in significant increases in corporate taxation. This course will focus on new cases and rulings with specific attention to avoiding traps and pitfalls.

Topics include:

  • S Corporation- Election and Qualification
  • Passive Activity and 3.8 % Medicare Surtax
  • Loss Utilization and Basis
  • Open Account Debt Regulations
  • Shareholder Loans
  • Compensation Issues

Single Member LLC – The Basics And Beyond

11:30 AM-12:20 PM and 3:50 PM-5:30 PM

Robert S. Barnett, CPA, JD, MS (Taxation)

Single member LLCs are frequently used to provide investment opportunities and will provide increased asset protection. Many partnership tax attributes need to be carefully considered. SMLLC’s often result from unintended consequences such as death of a partner, or may cease to exist when the entity becomes a partnership. Often these status changes occur in unintended ways such as a death of a partner in a two person partnership. This presentation will discuss many surprising aspects of SMLLC’s and their tax consequences.

Topics include:

  • Hidden Partnerships
  • Check the box regulations
  • Conversion of Partnership to SMLLC
  • Conversion of Corporation to SMLLC
  • Election out of Partnership
  • Various Tax Elections including IRC § 704(c)
  • Payroll Taxes

S Corp Update Including Basis & Loss Utilization
(1 TAX CPE) (1 CLE)

Robert S. Barnett, CPA, JD, MS (Taxation)

This program concentrates on S Corporation basis and loss utilization. Many CPAs have expressed interest in basis calculation and how S Corporation losses may best be utilized. The Internal Revenue Service frequently audits S Corporation losses and this program is designed to provide assistance in applying the rules to practical considerations.

Topics include:

  • Basis Calculations
  • Open Account Debt Regulations
  • Accounting Considerations
  • Recent Cases & Rulings
  • Passive Activity Considerations
  • Final Year Suspended Losses
1120-S C Corp Return Preparation Tips: Webcast @ Webcast
Nov 30 @ 3:00 pm – 5:00 pm