Day 2 of MACPAs Chesapeake Tax Conference is online only. To purchase this product, please go to our bundle page.
.png){kind=logo}
Speaker: John Sapp, CPA, MBA, Vice President, Drake Software
With more than $1.0 BILLION in EV credits issued since January 1st of 2024 by buyers of clean vehicles, it is going to be a challenge for preparers to report that information on 2024 tax returns. This course will review the basics of calculating, qualifying, documenting and claiming the new Clean Vehicle Credits, including the draft forms for 2024 returns. In addition, we will review the latest guidance, proposed regulations, discuss qualifying entities and recent IRS guidance on transferability of the credits.
Speaker: Ed Zollars, CPA, Partner, Thomas, Zollars & Lynch, Ltd
In recent cases, taxpayers have found charitable contributions denied multiple times for contributions all parties conceded were made simply because the taxpayer failed to completely comply with the documentation requirements imposed by the Internal Revenue Code. In this session we will review those requirements, how taxpayer failed to comply with them, and discuss why the courts apply these rules so strictly. Be sure your clients know how to avoid becoming the next taxpayer to lose their charitable contribution deductions.
Speakers: Jane Ochsman Rowny, CPA, CFP®, CDFA®, Partner, Councilor, Buchanan & Mitchell, P.C. (CBM) – CPAs & Business Advisors and Jordan P. Egert, CPA, CFE, CDFA®, Partner, Councilor, Buchanan & Mitchell, P.C. (CBM) – CPAs & Business Advisors
The emotional aspects of a divorce may lead to financial mistakes and bad decision-making if spouses are not property guided through the process. Tax practitioners need to know the tax realities and consequences in order to advise their clients against unwanted tax surprises and potential long term impacts of their decisions. This seminar will focus on tax aspects of division of assets, tax filings in year of divorce, division of deductions and carryforwards, child credits and tax language for the divorce agreement. We will provide real world examples illustrating strategic divorce-tax concepts.
Speaker: Jeffrey Martin, CPA, Principal, Grant Thornton, LLC
This session will not only provide you with a basic understanding of how stock options operate and the tax treatment for the employee and employer, but it will also use case studies to help you identify unique situations that can impact the tax consequences of stock options. We will discuss nonqualified and incentive stock options, the impact or section 409A, things to consider when business are sold, the transfer of options to trusts and other unique tax situations.
Dr. Daraius Irani serves as Vice President of Strategic Partnerships and Applied Research at Towson University. In this role, he fosters the development of partnerships between business, government, and education that contribute to the economic vitality of the greater Baltimore region.
For over 25 years, Irani has served in several senior leadership roles at Towson University. As vice president, Irani provides leadership and management to over 70 highly-skilled professionals who work on campus and in state agencies across the state. Collectively, his teams work to open the doors of the university to solve pressing problems, further community collaboration, expand learning opportunities, and generate economic development.
Irani is committed to Towson University and has set priorities that reflect that commitment. These include working to better integrate the Division into the University; advancing Towson University’s reputation as a leader in applied research, education, and entrepreneurship; and making positive impacts through university-community partnerships.
Additionally, Irani serves as chief economist for the Regional Economic Studies Institute (RESI) at Towson University, a policy group providing economic, fiscal impact, and policy analysis to state agencies, nonprofit organizations, and private sector firms. During his tenure at RESI, Irani has managed and served as lead economist on well over 500 research and analysis projects. He also has produced over 250 economic and fiscal impact statements for a diverse portfolio of clients.
Irani is often called upon to provide economic presentations to organizations across Maryland. He has appeared on CNN, the Marc Steiner show, WYPR’s Midday, and Maryland Public Television’s Business Connection. He is often quoted in articles published by Maryland Daily Record, Baltimore Business Journal, The Baltimore Sun, and Washington Post.
Dr. Irani holds a Ph.D. in economics from University of California, Santa Barbara; a M.A. in business economics from University of California, Santa Barbara; and a B.A. in economics from University of California, San Diego.
Dr. Irani is an avid bicyclist and golfer.
Speaker: Daraius Irani, Ph.D., VP Strategic Partnerships and Applied Research, Towson University
The presentation will provide an overview of the national and state economy data providing insights to the challenges and forces arrayed against the economy as well as opportunities and tailwinds supporting the economy.