ONLINE
Thursday, January 4, 2024 - Friday, January 5, 2024
9:00 AM - 5:00 PM
The 2023 Tax Institute features 15 sessions that will provide yearly updates along with a wide array of essential tax topics. In addition to the annual updates on Business, Individual and Minnesota Taxes, the Institute features Legislative and Statutory, International, Real Estate, and Pass-Through Entity Tax Updates as well! Additional sessions will cover:
PLUS –
Judge Bradford S. Delapena and Julie V. Harris provide Updates from the Minnesota Tax Court, and Commissioner Paul Marquart from the Minnesota Department of Revenue joins our Fireside Chat!
Co-sponsored by Minnesota CLE and the MSBA Tax Law Section.
8:30 – 9:00 a.m.
CHECK-IN & CONTINENTAL BREAKFAST
9:00 – 9:05 a.m.
WELCOME & ANNOUNCEMENTS
9:05 – 10:05 a.m.
2023 Legislative and Statutory Update
This session will provide an update on Minnesota legislative changes from the past year. Learn about new laws and how they will impact the tax practice area in the coming year. Additionally, our panel will provide an early preview of issues and potential changes to be on the lookout for in the 2024 legislative session.
– Geno Fragnito, Elizabeth S. Kadoun & Bryan T. Lake
10:05 – 10:50 a.m.
Fireside Chat with the Minnesota Department of Revenue
MSBA Tax Section Chair Angela V. Rollins sits down with leaders from the Minnesota Department of Revenue to discuss current tax issues and trends. The panel will feature a question-and-answer style format that will cover topics ranging from stakeholder engagement, filings, tax equity commitments, implementation of new tax law, and more.
– Paul Marquart, Sarah C. Bronson, Martha Burton & Justin T. Nieman
– Angela V. Rollins (moderator)
10:50 – 11:05 a.m.
BREAK
11:05 a.m. – 12:05 p.m.
BREAKOUT SESSION A
101
Tax Controversy Now and in the Future: Syndicated Conservation Easements, Employee Retention Credits, and Other Listed Transactions
The purpose of this session is to provide attendees with an update of the ever-evolving tax controversy landscape with a focus on a few of the more popular areas of dispute. In particular, the session will cover developments in syndicated conservation easements, employee retention credits, and other listed transactions.
– Christina L. Cook, Michael J. Mondelli & Matthew J. Wildes
102
Merged Lately? Made an Acquisition? It’s Never Too Early (or Late) to Think About M&A Tax Due Diligence
This session will discuss recent topics identified as part of successful (and sometimes unsuccessful, oops!) M&A Tax Due Diligence processes. We’ll spend time discussing recent developments and sharing ideas on federal and state tax topics including the impact of IRC 163(j) on deals, state PTE elections, structuring ideas, sales tax best practices, and tax due diligence pitfalls to avoid.
– Christoper P. Martin & Sunil Taneja
103
Real Estate Tax Update
This session will provide a review of updates, changes, and ongoing issues affecting the day-to-day practice of a tax adviser, including discussion of like-kind exchanges, depreciation rules changes, opportunity zone updates, cost segregation issues, and much more!
– James C. Witt
12:05 – 1:15 p.m.
LUNCH (provided by Minnesota CLE)
12:20 – 1:05 p.m.
SPECIAL LUNCH PRESENTATION
Updates from the Minnesota Tax Court
– Judge Bradford S. Delapena & Julie V. Harris
1:15 – 2:15 p.m.
BREAKOUT SESSION B
201
Immigration Issues and Tax Laws: Unexpected Interactions
This session will focus on US and international immigration and global mobility issues, and their tax consequences and risks to both foreign nationals as well as to their employers/sponsors. We will cover fundamental immigration processes and statuses – from nomimmigrant visas and permanent residence to citizenship and revocation of citizenship – and the related tax reporting and payment issues impacted by these changes.
– Kenneth S. Levinson & Matthew P. Webster
202
State of the States: Pass-Through Entity Tax Update
This session will provide an overview of the current state of state PTET regimes. Learn about updates to Minnesota’s PTET regime, other notable state PTET updates, and national trends, as well as the practical impact to clients. This session will discuss both the impact to passthrough entities and their partners, with a particular focus on individual and trust partners.
– Lief Mattila, Angela V. Rollins & Miriam A. Sahouani
203
IRS Audits, Appeals, and Litigation: Recent Developments in Federal Tax Controversy
The goal of this session is to provide attendees with an update regarding recent developments in federal tax controversy. Those developments will touch on all three typical arenas for tax controversy: IRS audits, appeals, and litigation across a number of jurisdictions. Presenters will discuss the impacts of new IRS funding on controversy, including the IRS’s Global High Worth audit program.
– Benjamin A. Wagner & Masha M. Yevzelman
2:15 – 2:30 p.m.
BREAK
2:30 – 3:30 p.m.
BREAKOUT SESSION C
301
International Tax Update
This session will survey the international tax developments from the past year and discuss how they may impact your clients here in Minnesota. Learn about the Organization for Economic Co-operation and Development’s Base Erosion and Profit Shifting initiatives as well as recent US legislative and regulatory developments.
– Patrick DuSchane & Katie Eayrs
302
Top Ten Residency Myths and Frequently Asked Questions
Misconceptions about Minnesota’s residency rules continue to circulate throughout snowbird communities, and residency audits continue to rise. This session will address the top 10 residency myths and answer frequently asked questions about how to change residency.
– Lynn S. Linné & Masha M. Yevzelman
3:30 – 4:00 p.m.
ANNUAL INSTITUTE RECEPTION – With Prize Drawings!
Join your friends and colleagues for tasty refreshments, plus in-person conversation and networking!
4:00 – 5:00 p.m.
Privileges, Kovels, Settlements, and Ethics Rules: What You Don’t Know CAN Hurt You – and Your Clients!
1.0 ethics credit applied for
This will be an interactive session providing an overview of the requirements, protections, and limitations of the various privileges (such as attorney/client and accountant/client); “Kovel” engagements; and settlement discussions and documentation. We will also cover various ethics and professional rules of conduct relating to these matters. These discussions will provide the backdrop for a more in-depth review of intriguing future developments in this space in light of the recent decisions.
– Kyle M. Brehm, Kenneth S. Levinson & Benjamin A. Wagner
8:30 – 9:00 a.m.
CONTINENTAL BREAKFAST
9:00 – 9:05 a.m.
WELCOME & ANNOUNCEMENTS
9:05 – 10:05 a.m.
Individual Taxation Update
This session will focus on important developments over the last year in individual taxation, including key legislative changes, cases, rulings and other recent developments of interest to practitioners and taxpayers alike.
– Thomas McCarr
10:05 – 10:15 a.m.
BREAK
10:15 – 11:30 a.m.
Federal Business Tax Update and Outlook
This session will discuss the key statutory, regulatory, and judicial business tax developments from the past year, with an eye on what’s coming next.
– Tim Smith & Dustin Stamper
11:30 – 11:40 a.m.
BREAK
11:40 a.m. – 12:55 p.m.
Minnesota Tax Law Update
This session will discuss recent Minnesota Supreme Court and Minnesota Tax Court income tax and sales tax decisions (as well as an overview of some important cases that currently are pending in the courts). The presenters will also provide an update on recent Minnesota DOR Revenue Notices, the 2023 Tax Bill, proposed Department of Revenue guidance and thoughts on the upcoming legislative session.
– Alexander Korzhen & John M. O’Mahoney
12:55 p.m.
INSTITUTE ADJOURNS
LIVE IN-PERSON
Monday & Tuesday, December 11-12, 2023
Minnesota CLE Conference Center
600 Nicollet Mall, Suite 370
Seventh Street & Nicollet Mall, Third Floor City Center
Minneapolis, Minnesota
ONLINE REPLAY
Thursday & Friday, January 4-5, 2024
Attend online
Online replay includes all plenary and breakout sessions. A moderator will be available to answer questions by email.
$445 MSBA members / $445 paralegals / $495 standard rate
Other discounts that may apply:
Scholarships available!
Need-based scholarships are available for in-person and online seminars. For further information or to obtain a scholarship application, contact us at 800-759-8840 or customerservice@minncle.org.
Minnesota CLE is applying to the Minnesota State Board of CLE for 10.0 CLE credits, including 1.0 ethics credit. The maximum number of total credits attendees may claim for this program is 10.0 credits. Minnesota CLE is an accredited sponsor in Wisconsin and North Dakota.
