1 CPE/CLE Tips For CPE credit it is a 50 minute hour credit For CLE credit it is a 60 minute hour credit The current descriptions showing a 6.75 hour as a guaranteed minimum because in the past we have had some programs go shorter than others, so sometimes there may be concern from the participants if you show 7.75 and then when you actually put the program together it may be shorter by ¾ to ½ hour. The four hour ethics program satisfies the CPE requirements for CPAs. A separate Legal Ethics course is usually offered at least once a year outside of the normal tax school window.
2 Session 1: Recent Federal Tax Law Enactments, Court Opinions and IRS Guidance Date: Monday, February 3, 2014 Level: Intermediate Tax Area: Federal This full-day session will provide insight into the what has recently changed in the area of federal income tax law including: statutory changes, regulations, court decisions (including federal courts and Tax Court), and recent IRS Guidance. The session will include practical viewpoints to assist practitioners in recognizing such changes and dealing with the impact to their companies. Upon completing this course, participants will understand: Current federal income tax law changes; Recent changes to federal income tax regulations: Significant federal and Tax Court income tax decisions; and Updated IRS Guidance.
3 Session 2: Current Issues in Consolidated Returns Date: Tuesday, February 4, 2014 Level: Intermediate Tax Area: Federal This full-day session will provide an update on recent developments in the taxation of companies filing consolidated returns. Topics will include recent cases and guidance on utilization and limitations on consolidated return attributes and intercompany transactions. Upon completing this course, participants should be able to: Discuss the latest legislative, judicial and administrative developments relating to consolidated returns; Discuss the areas that tend to cause compliance challenges; and Identify key federal and state transaction issues related to consolidated returns. James Prettyman - PwC
4 Session 3: State Tax Update: Direct & Indirect Date: Tuesday, February 4, 2014 Level: Intermediate Tax Area: State CPE Credits: 6.75 hours State income and sales/use taxes continue to be a challenging area for corporate tax departments as a result of continually evolving state landscapes. This full-day session will provide participants with technical updates on state income, franchise, and sales/use taxes. Although the session will span multiple jurisdictions, the states: of Texas, Louisiana, Mississippi, Oklahoma and California will be specifically addressed. The updates are intended to cover statutory, regulatory, policy and case law changes that impact corporate compliance and financial reporting responsibilities. Upon completing this course, participants will take away a current understanding of: Recent state income/franchise tax developments in areas such as combination/unitary reporting, tax base, apportionment, credits, etc. Recent sales/use tax developments in areas such as taxability, exclusions, exemptions, credits, etc., and State tax policy trends among state Departments of Revenue.
5 Session 4: Hot Topics in Corporate Tax Accounting & Financial Reporting Date: Wednesday, February 5, 2014 Level: Intermediate/Advanced Tax Area: Federal Accounting for income taxes is an important and challenging area of financial reporting. Recently, this area has received particular focus by taxpayers and regulators. This full-day session, while offering an overview of certain general topics, provides a practical viewpoint that will assist practitioners manage issues arising on a day-to-day, quarterly and year-end basis. Specific topics to be addressed may include, but not be limited to: the regulatory environment, tax accrual workpapers, deferred taxes, valuation allowances, error versus change in estimate, internal controls and uncertain tax positions. Upon completing this course, participants will have a greater understanding of income tax accounting, including: Review of key concepts of income tax accounting; Awareness of the top income tax accounting issues faced by practitioners; Regulatory developments in income tax accounting and the impact on financial reporting; and Discussions around controls and documentation.
6 Session 5: Transfer Pricing: Current Issues & Profit Shifting Date: Wednesday, February 5, 2014 Level: Intermediate / Advanced Tax Area: International Transfer Pricing risk is ranked second behind global compliance by CFOs of multinational companies. (CFO Magazine August 1, 2012.) The Transfer Pricing session will provide participants with: the fundamentals needed to recognize and understand transfer pricing issues faced by multinational companies; the best practices associated with performing transfer pricing analysis under Section 482 and OECD; an update of current audit trends, MAP and penalties; and the latest development on Base Erosion and Profit Shifting (BEPS). Upon completing this course, participants will have a greater understanding of global transfer pricing as it relates to a firm, including: Transfer pricing fundamentals and available resources; Overview of best practices for major intercompany transactions, including provision of services and the transfer of tangible and intangible goods; Common issues faced by a company in a transfer pricing audit; Advanced transfer pricing topics including financial instruments, parental guarantees and cash pooling; A discussion of current IRS audit trends, MAP and penalties; and Update on BEPS.
7 Session 6: Hot Topics in Partnership Taxation Date: Thursday, February 6, 2014 Level: Intermediate/Advanced Tax Area: Federal This full-day session will address trending topics in partnership taxation, including, but not limited to: recent developments in partnership planning, current and proposed legislation impacting partnership, recent audit trends, and master limited partnerships in the energy industry. Upon completing this course, participants will have knowledge of: Opportunities and issues around tax partnership planning; Legislative matters, current and proposed, regarding partnership taxation; and The current landscape of partnership tax audits.
8 Session 7: International Tax Overview Including: Subpart F, Credits & Sourcing Date: Thursday, February 6, 2014 Level: Beginner / Intermediate Tax Area: International This full-day session will be an introductory to intermediate level course that will address international taxation, enabling participants to learn or become re-acquainted with the compliance challenges and planning opportunities for multi-national corporations. Specific topics will include: creditability, Sourcing, foreign currency and Subpart F. Upon completing the course, you should be able to: Discuss the basics of international tax issues; Discuss the areas that tend to cause compliance challenges; and Discuss the facts and circumstances around creditability and know some options when you are in an excess FTC position.
9 Session 8: Mergers & Acquisition Issues & Update Date: Friday, February 7, 2014 Level: Intermediate / Advanced Tax Area: Federal This full-day session will address various topics common to mergers and acquisitions, as well as recent developments pertinent thereto. Expected topics include: common deal structures, purchase price and accounting adjustments, cross-border transactions, and transaction-related expenditures. Upon completing this course, participants will have a more in-depth understanding of taxrelated aspects of M&A transactions, including: Common tax issues in structuring and negotiating M&A transactions; The tax treatment of certain transaction-related expenditures; and Items affecting the determination and allocation of purchase price and basis.
10 Session 9: Ethics for CPAs It s a Matter of Choice Date: Friday, February 7, 2014 Level: All Tax Area: Ethics CPE Credit: 4 hours Ethics and Integrity Popular buzz words for the past decade. Yet we still hear about financial statement fraud, misuse of assets and theft within our organizations. What are we as CPAs to do to respond to this situation. What are our responsibilities to the public and to the board. What can we do to create a more ethical environment within our organizations. This is a fun and interactive session where participants will have the opportunity to: Become educated in the ethics of the profession, Understand the TSBPA s Rules of Professional Conduct and the core values of our profession, Practice applying ethical judgment in interpreting these rules and values, Learn to utilize these ethical principals in making choices appropriate for the profession and the public, Learn about the components and red flags of fraud, and Take an ethics test to measure against the fraudsters. The public looks to us as a standard of ethics and integrity. Are we able to meet the challenge? It s all a Matter of Choice. On completing this course, the participant will acquire a more in-depth understanding of the ethical considerations facing CPAs in Texas. Confirmed Speaker: Deanna Sullivan Sullivan Solutions (Houston)
11 Session 10: Master Limited Partnerships Date: Monday, May 5, 2014 Level: Intermediate/Advanced Tax Area: Federal Master Limited Partnerships ( MLPs ) are becoming an increasing preferred option for raising capital in the Oil & Gas industry sector given its lower cost of capital structure. The MLPs are highly attractive investments given their strong yields and reliable cash distributions. This session offers an overview of MLPs and the tax structuring considerations for initial or second offerings. Upon completing this course, participants will have a greater understanding and appreciation of MLPs, including: A general understanding of MLPs; The benefits and potential pitfalls of MLPs; and The tax structuring considerations related to MLP IPOs or secondary offerings.
12 Session 11: Payroll Tax and Employee Benefits Issues including Affordable Care Act Date: Monday, May 5, 2014 Level: Intermediate / Advanced Tax Area: Elective Payroll Tax and Employee Benefits are areas of increased scrutiny by companies and auditors. This full-day session will provide participants with technical updates on tax issues associated with: Employee Fringe Benefits; the Foreign Account Tax Compliance Act; significant litigation developments; government audits; and the Affordable Care Act. Upon completing this course, participants will take away a current understanding of: Current tax issues associated with employee fringe benefits; What is and are the issues involved with the Foreign Account Tax Compliance Act; The current status of significant litigation around payroll taxes and employee benefits; and Tax issues presented by the Affordable Care Act.
13 Session 12: Federal and State Legislative Update Date: Tuesday, May 6, 2014 Level: Intermediate/Advanced Tax Area: Federal/State This full-day session will be an in-depth discussion of the current federal and state tax policy and legislative landscape. The federal discussion will include an update of the U.S. Tax reform efforts, budget discussions and insights into how the U.S. is working with the OECD BEPS Project. The state portion of the session will include a review of state legislation pending at the federal level and trends in state tax policy. There will also be an around-the-country discussion to highlight certain states (Texas, Louisiana, and California) legislative agendas. Upon completing this course, you should be able to: Discuss the current political and legislative tax agenda of the federal and state governments; Understand the current U.S. tax reform efforts; Discuss key tax policy trends; and Understand the key state legislative proposals.
14 Session 13: Contract Manufacturing and Supply Chain Management Date: Tuesday, May 6, 2014 Level: Advanced Tax Area: International The Contract Manufacturing and Supply Chain Management course is a full-day session designed to provide participants with an understanding of the tax and legal issues related to the sourcing, procurement, and logistics management, as well as relocation of assets, functions and risks across different countries. Expected topics include: update of the best practices in business structuring and supply chain management; contract manufacturing in business restructuring; transfer pricing and indirect tax implications of a global supply chain management; and other cross-border considerations. Upon completing this course, participants will have a more in-depth understanding with: Why contract manufacturing and supply chain management; Contract manufacturing and its role in global supply chain management structures; Tax and PE implications of a global supply chain management structures; The best practices of adopting an efficient global structure; The transfer pricing and indirect tax implications of supply chain management.
15 Session 14: Up & Downstream Tax Planning Date: Wednesday, May 7, 2014 Level: Advanced Tax Area: Industry CPE Credit: 6.75 hrs. This full-day session will address tax planning and issues that affect the oil and gas industry, with an emphasis on issues facing upstream and downstream companies. Specific topics to be covered include: Taxation of U.S. Exports under IRC Section 863(b); Partnership Structuring and Judicial Doctrines; Like-Kind Exchanges under IRC Section 1031; Intangible Drilling Costs; and the Relationship between Casualty Losses and the New Repair Regulations. Upon completing this course, participants will have an: Understanding of tax issues facing upstream and downstream companies; Familiarity with IRC 863(b) planning for U.S. exports; Awareness of partnership structuring and judicial doctrines; Knowledge of like-kind exchanges within the oil and gas industry; Update on issues ranging from intangible drilling costs to casualty losses in light of the new repair regulations
16 Session 15: Intangibles Marketing, Pricing, Cost Sharing & Restructuring Date: Wednesday May 7, 2014 Level: Advanced Tax Area: International Intangibles continue to be in the international tax spotlight as a way for multinationals to allocate and shift taxable income between high and low tax jurisdictions. Many countries as well as the OECD are closely scrutinizing the tax effects of intangibles between cross-border affiliates. This full-day session will focus on defining intangibles (including the marketing intangibles concept); valuing intangibles; the development, transfer (whether by sale or license) and use of intangibles by and between cross-border affiliates; and cost sharing agreements. Focus will also be given to the OECD's initiative on base erosion and profits shifting ( BEPS ), US and worldwide tax legislative and audit trends in the intangible and transfer pricing area, and what taxpayers should be doing now in anticipation of tax law changes and tax audits regarding their cross-border intangible structures.. Upon completing this course, participants will have increased awareness of: Which items are classified as intangibles; How are such intangibles valued for tax purposes; Issues surrounding the development, transfer and use of such across borders; and OECD and U.S. efforts and legislative trends dealing with perceived base erosion.
17 Session 16: International Planning Inbound/Outbound Planning Opportunities, Check the Box, Repatriation Strategies & Use of 338 Date: Thursday, May 8, 2014 Level: Intermediate Tax Area: International Increased global economic activities and the accelerating pace of legislative and regulatory tax developments around the world have created opportunities as well as problems for multinational companies. These factors require tax departments to be agile, creative and wellversed international tax developments in order to manage cash flow as well as potential financial statements impact. This full-day session will discuss some of the strategies to achieve those goals as well as the impacting of certain international tax decisions. Upon completing this course, participants will have a greater understanding of: International planning opportunities for outbound and inbound companies; Use of check-the-box regulations to mitigate international tax costs; and Repatriation strategies and use of IRC 338.
18 Session 17: State Tax Controversies: Audits, Appeals & Litigation Date: Thursday, May 8, 2014 Level: Intermediate/Advanced Tax Area: State State taxes of all types continue to provide fertile ground for audit disputes, appeals and litigation. State Departments of Revenue are faced with raising additional revenue in a difficult economic environment. As a result, taxpayers often confront more assertive audit positions with respect to nexus, tax base, apportionment, taxability, etc. Many of these audits progress through protests and appeals and then into litigation. This full-day session will focus upon the current status of significant state tax disputes, including income/franchise, sales/use and other state taxes. This session will also address opportunities, strategies and risks associated with audits and litigation. Upon completing this course, participants will take away an understanding of: Recent state income/franchise tax controversies, across multiple jurisdictions, in areas such as nexus, tax base, apportionment, etc., and Recent sales/use tax controversies, across multiple jurisdictions, in areas such as nexus, tax bases, exemptions, exclusions, etc.
19 Session 18: Global Income Tax Controversies & IRS Exams Date: Friday, May 9, 2014 Level: Intermediate/Advanced Tax Area: Federal Several panels of tax professionals will provide presentations during the day on various IRS and global audit issues and procedures. Sessions will be focused on the following: How Global Audits & IRS Audits Can Intersect, IRS Approach to Section 199 Audits, IRS Offshore Initiative, New IRS Information Document Request ( IDR ) Directive, Employment and Excise Tax Audits, Current Emerging Audit Issues, and Other Current Topics. All sessions will be interactive to allow for specific questions on current audit issues at your Company. Upon completing this course, participants will take away an understanding of: The overlap between global audits and IRS audits; Trends in IRS audits of specific issues; and Current and emerging audit trends.