7:30 a.m. Breakfast and Check-in
8:15 a.m. Welcome and Introduction
8:20 a.m. Washington Update
• 2019 federal legislative tax
achievements and/or failures
• Potential 2020
federal legislative activity
• Highlights of the Democratic presidential
candidates' tax proposals
• The political and economic landscapes and how they may shape tax
policy
Storme Sixeas
Senior Manager, Tax
Policy Group
Deloitte Tax LLP
9:10 a.m. Federal Business Tax Update
• Lessons leared from the Tax Cuts and Jobs Act
(TCJA)
• Choice of entity under tax reform
• Key tax
rulings of 2019
Christopher S. McElroy, CPA, MST
Tax Shareholder
Schneider Downs &
Company Inc.
10:00 a.m. Refreshment Break
10:15 a.m. Bitcoin and Cryptocurrency
• The basics behind cryptocurrencies and blockchain
technology
• The different ways to transact in
cryptocurrency
• How the IRS views cryptocurrency
transactions
• Practical and emerging tax
issues
Erica Wilson
Staff Attorney
Reed Smith
11:05 a.m. Internet Expense Deduction
• Prior to TCJA - Pre-2018
• After TCJA -
Post-2017
• Planning
• Appendices
Tom Marchlen
Retired
Alcoa Inc.
11:55 a.m. Lunch & Networking
12:45 p.m. Pennsylvania State & Local Tax Update
• The current Pennsylvania budget and upcoming
budget
• Recent and recurring policies for various Pennsylvania taxes
• Recent court
decisions, decisions from the Board of Finance and Revenue, and notices from
the Department of Revenue
Jason C. Skrinak, CPA
SALT Practice Leader, Tax
Services Group
RKL LLP
1:35 p.m. 199A
• What you need to know when filing K-1s for 1120S or 1065
returns
• Review the steps to calculate the QBI
deduction
• Scenarios and examples of QBI deduction on 1040s
Stanley A. Kleja, CPA
Bernice A. Schweiss LLC
2:25 p.m. Snacks and Chats
2:40 p.m. Tax Engagement Letters
• Key engagement letter terms
• How do engagement letters help practitioners mitigate
risks
• Other terms for consideration
Dianne S.Wainright, Esq.
Fifth
Judicial District of Pennsylvania
3:30 p.m. Individual Tax Update
• Changes for 2019 to Form 1040 and the new Form 1040-SR
• New Form
W-4
• Sec. 461 Business Loss
Limitations
• IRS guidance on reporting state and local tax refunds
• Treatment of charitable contribution deductions in exchange for state
tax credits
• Maximizing interest and tax deductions through business
use of home
• Planning for grouping of itemized
deductions
• Safe harbor estimated tax payments
• Child and education tax credits
• Section 951A income
reporting from flow-through entities
William M. Bodnar, CPA, MST
Tax Director
H2R CPA
Nathan A. DeFilippi, CPA
Senior Associate
H2R CPA
4:20 p.m. Closing Remarks
4:25 p.m. See You Next Year!
Thank you to our sponsors:
PICPA Member: $189
Nonmember: $289
Course No. 406200 Level: Update