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Chamberlain Hrdlicka 45th Annual Houston Tax and Business Planning Seminar

The Houstonian on October 27, 2022

Chamberlain Hrdlicka 45th Annual Houston Tax and Business Planning Seminar

Chamberlain Hrdlicka's 45th Annual Houston Tax and Business Planning Seminar will take place on Thursday, October 27, 2022 at The Houstonian Hotel. Anyone is welcome to register to attend.

If you would like to register for the event, please email jennifer.caruso@chamberlainlaw.com


11:00 a.m. - Registration begins

11:45 a.m. - 1:00 p.m. - Luncheon Presentation

1:05 p.m. - 5:30 p.m. - Workshops

5:30 p.m. - 6:30 p.m. - Reception

Location - The Houstonian Hotel at 111 N Post Oak Lane, Houston, Texas 77024

Detailed Schedule:

Keynote Lunch Discussion: Texas State Taxes – Procedures, Audit and Litigation Update

Presenters: Justice David Medina, Adrian Ochoa and Daizia Williams

Discussion regarding various types of Texas state tax cases, procedural process of Comptroller audits and beyond, advocating for clients during the audit, and how to preserve clients’ rights and available remedies for the administrative process that ensues once an audit is finalized. We will also briefly discuss the new ‘Wayfair’ sales tax laws in Texas and other Texas tax case updates.

1A | THE workFORCE reAWAKENS: Tax and Business Planning to Combat
the Great Resignation

(In what feels like) a long time ago in a galaxy far, far away…. businesses often
had the upper hand when negotiating compensation and incentives with
key employees and executives. The power has shifted. In a dark place we find
ourselves, and a little more knowledge lights our way. Resist the dark side, and
join us as we explore tax and business planning to combat the Great Resignation.
We will discuss profits interests, phantom equity, options, choice-of-entity
considerations, buy-sell provisions, and related topics.

Presenters: Habeeb “Hobbs” Gnaim and Michael Overstreet 

1B | Strategic Risk Management Using Captive Insurance Companies

As commercial insurance costs continue to rise in this increasingly litigious environment, many small and mid-sized businesses are exploring the use of captive insurance companies to manage business risks. Captive insurance companies can provide greater predictability in measuring and controlling insurance costs—especially for businesses that present unique risks for which commercial insurance coverage is not readily available or affordable—and streamlining the predictability of cash flow. In addition to managing costs, the implementation of improved risk management practices through a captive can generate significant financial incentives that can provide substantial sources of capital to related business ventures over time. However, the complexities involved in forming and operating a captive insurance company in a manner that ensures it will be respected for regulatory and tax purposes also present traps that, if not avoided, can result in severe consequences for the captive insurance company and its insureds, as well as their owners. This presentation discusses the important steps and best practices in forming a captive insurance company, the relevant tax considerations implicated, and various exit strategies for those business owners who wish to unwind their captive insurance companies.

Presenters: Stuart H. Clements and J. Scot Kirkpatrick

2A | Judicial Highlights

A timely review of the past year’s most significant court decisions on federal and state tax issues.

Presenters: Tania Albuja and Alissa Gipson

2B | Build Back Better light? A look at the recent tax law changes under the Inflation Reduction Act

The recent scaled-down version of President Biden’s “Build Back Better” aims to tackle climate change while at the same time reducing the deficit through changes in the tax code. This session takes a look at some of the recent tax law changes announced under the Inflation Reduction Act and their potential impact on businesses and individuals.

Presenters: Michael P. Preng and Umair Karowadia 

3A | Commonly Overlooked International Tax Traps in Family Business Planning

Discussion regarding recent issues raised by crossborder family business planning. We will cover passive foreign investment company distributions, inversion rules and consequences, fideicomiso classifications, and US real property transactions under FIRPTA.

Presenters: Sebastien Chain and Morgan Alleyn

3B | Tax Controversy Update: Tax Consequences and Audit Risks Associated with the Employee Retention Credit (ERC) and Paycheck Protection Program (PPP)

The Employee Retention Credit (ERC) and Paycheck Protection Program (PPP), popular COVID-19 relief measures, are at the center of many taxpayers’ responses to the pandemic. This seminar discusses what tax practitioners need to know in 2022 and 2023 about the ERC and PPP. Substantive focus includes the PPP forgiveness and appeals processes, ERC eligibility requirements and related issues such as affiliation rules, the alternative quarter election, and potential liability. This presentation also addresses the recognition, treatment, timing issues unique to each measure, and audit and appeals issues.

Presenters: Juan F. Vasquez, Jr. and Victor Viser 

4A | An IRA Mental Health Day: Working on Insecurities Created by the SECURE Act

The Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act) made many significant changes to the rules related to retirement account planning, most notably in the context of an inherited or “stretch” IRAs in estate planning. While proposed Treasury Regulations released earlier this year answered some of the questions estate planning professionals had related to the SECURE Act, many still remain. In this session, we will walk through the new
rules and discuss how estate planning professionals are working under the new paradigm. So, pour yourself a cup of tea, sit back, and relax while we ease your fears and anxiety!

Presenters: Brett Berly and Kaili Cusack

4B | Who Controls Software Controls the Past, and Who Controls Data Controls the Future 

Back in the early days of yesteryear, software companies ran the global technological stratosphere armed only with the usernames of their participants. Rerouting an IP number was the height of hacking prevention, a cookie was just something you enjoyed with your favorite ice cream, clouds were only important to three year olds and meteorologists… and clocks would constantly strike thirteen on those bright, cold April days. As we try to navigate the ever-changing world of the information age, it has now become more important than ever to step into the light of (computer) knowledge. Join us in the place where the darkness hasn’t touched, as we discuss data, its restriction and obligations, and how to strategically think about its implications for the future.

Presenter: Aly Dossa