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Chamberlain Hrdlicka will host Laredo Tax and Business Planning Seminar at the Laredo Country Club on November 8, 2022
Chamberlain Hrdlicka Laredo Tax and Business Planning Seminar
8:30 - 9:00 a.m. - Registration
9:00 am - 5:00 pm - Workshops (Lunch is included)
Location - Laredo Country Club at 1415 Country Club Dr, Laredo, TX 78045
9:00 – 9:50 AM - Review of Current Estate Planning Techniques
Presenters: F. Matthew Flores and Joshua Sutin
Review current estate planning techniques in the current estate/gift tax environment of large gift, estate and GST tax exemptions, low AFR rates, support for valuation discounts in the courts and other taxpayer-favorable conditions.
10:00 – 10:50 AM - Tax Controversy and IRS Enforcement Update
Discussion regarding current IRS examination practices and priorities. We will cover the tax issues currently being raised in exam, how to defend them, and how to preserve a case for trial. Also included will be a discussion regarding the IRS’ increasing use of penalties.
11:00 – 11:50 AM - Crossing the Border: Relevant Issues and Planning
This course will discuss the income and estate tax planning related to MX nationals moving to the United States, as well as multi-generational families with US and MX persons in the generational chain. Topics will include residency for US tax purposes, entity classification issues, gift tax and estate tax planning prior to and after obtaining residency on different types of assets (i.e., securities, real estate, closely held business interests, life insurance, etc.), and the use of both US and foreign trusts to accomplish long term planning. Anticipate leaving 15-30 minutes for Q&A.
12:00 – 12:50 PM Keynote Lunch Speaker Discussion - Texas State Taxes: Procedures and Updates
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.
1:00 – 1:50 PM - Navigating the Tax Consequences and Audit Risks Associated with the Employee Retention Tax Credit (ERTC) 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.
2:00 – 2:50 PM - Advising the Cross-border Family with International Businesses & Investments (More than Subtitle A & B)
Cross-border families and businesses often neglect the Mexican legal and tax consequences of their investments and how best to plan for the succession of these assets to subsequent generations. The discussion will cover specific Mexican legal and tax law consequences including specific information reporting requirements under United States laws. How and when to advise a client of their need for a cross border legal and international tax expert advisor. Finally, a detailed discussion of how those individuals who hold lawful permanent residency status (a “green card”) living in Mexico can cause adverse tax consequences for themselves. Avoiding the “oops did I expatriate ” moment for U.S. federal tax purposes? Planning strategies to live a less costly life and operate a more profitable business. Saving Taxes!
3:00 – 3:50 PM - Current Tax Issues of Theft Losses, Fraud, Settlements and Judgments
The speakers will discuss the impacts that the Tax Cuts and Jobs Act (TCJA) and COVID have had on the availability of a theft loss under IRC 165. The interplay has become more relevant with the revelation of recent investor and client fraud cases. For individuals claiming a loss not associated with a trade or business or a transaction entered into for profit, the limitations can be significant. The speakers will discuss alternatives and outline the facts and circumstances where there may be some silver lining (for tax purposes at least), as well as the taxation of settlements and judgments and the related impact of the TCJA on deductions for attorney fees.
4:00 – 4:50 PM - 2022 Tax Controversy Update: Judicial Highlights and Other Hot Topics
A timely review of the past year’s most significant court decisions on federal and state tax issues, and a discussion of other hot topics in Tax Controversy.