Attorneys
Register now for Chamberlain Hrdlicka's 47th Annual Houston Tax and Business Planning Seminar
Chamberlain Hrdlicka's 47th Annual Houston Tax and Business Planning Seminar will take place on Wednesday, October 30, 2024 at The Houstonian.
To register, please contact Meg Grossman Meg.Grossman@chamberlainlaw.com.
Anyone is welcome to register to attend. Self-parking is free.
There are no prerequisites for these courses.
Texas CLE: 5.0 credit hours
Texas CPE: 6.0 credit hours
Cost
$150 per person
$175 per person for Walk-In Registration (if space allows)
For attendees that prefer, a hard copy binder is available for $75 per binder.
Location
The Houstonian Hotel 111 N. Post Oak Lane Houston, Texas 77024
Detailed Schedule:
11:45 a.m. - 1:00 p.m.
Keynote Lunch Discussion: From the Commissioner, A Look Inside the IRS
By Former IRS Commissioner and Shareholder Charles Rettig
The Inflation Reduction Act of 2022 appropriated almost $80 billion to the IRS to be expended over 10 years, mostly for Taxpayer Services, Enforcement, Operations Support, and Business Systems Modernization. Former IRS Commissioner Chuck Rettig will discuss the importance of these funds to support meaningful, effective tax administration for your clients, you, and our country.
Presentations
You may attend any presentation on a first-come, first-served basis as seating allows.
1:05 P.M. - 2:05 P.M.
1A | Keeping the Peace in the House of the Dragon: Tax and Business Considerations with Company Succession to Avoid an Intercompany Civil War
Presenter: Habeeb “Hobbs” Gnaim
This presentation will be a deeper dive into tax and business issues related to company succession of a closely held business to avoid a future civil war within the company that can arise from poor or nonexistent planning once the next generation of owners get involved. Topics to be discussed include various methods/strategies to transition a business peacefully, ensuring that the business is in a tax friendly structure that will facilitate business succession objectives, and key provisions to buy-sell agreements.
1B | Pandora’s Algorithm: The Promise and Perils of AI in Taxation
Presenters: Aly Dossa and Marcus Burnside
This presentation explores the transformative potential of AI in the world of tax, while also addressing the inherent risks and ethical considerations. The talk will delve into the challenges, such as data privacy concerns, algorithmic biases, and the risks of over-reliance on technology. The goal is to equip tax professionals with a balanced perspective on harnessing AI’s power while mitigating its dangers.
2:10 P.M. - 3:10 P.M.
2A | Judicial Highlights
Presenters: Alissa Gipson and Jonathan Stasney
A timely review of the past year’s most significant court decisions on federal and state tax issues.
2B | Foreign Entity, Asset and Transaction Reporting That You and Your Clients Need to Know About
Presenters: Sebastien N. Chain and J. Otto Timm
This presentation will explore critical aspects of foreign entity, asset and transaction reporting for U.S. tax purposes via several case studies. Topics covered will include: (i) Determining whether clients are U.S. residents and what their reporting obligations are; (ii) reporting interests in CFCs and PFICs; (iii) Tracking and utilizing previously taxed earnings and profits of a foreign corporation; (iv) Calculating GILTI and properly reporting a Section 962 or high-tax-exemption election; and (v) Reporting changes in your clients’ foreign business, including reorganizations, entity classification elections, liquidations and sales.
3:25 P.M. - 4:25 P.M.
3A | The FAIR Tax
Presenter: George W. Connelly
Recommendations for a system to replace our income tax based tax system arise regularly. In this presentation, we will explore the most prevalent one for a “FAIR” Tax System.
3B | When a Nothing Turns Into a Something: Working with Disregarded Entities and Grantor Trusts in Estate Planning
Presenters: Brett T. Berly and Tyler Williams
In this presentation, we will address planning and reporting issues with disregarded entities and grantor trusts, including basis adjustments and implications when such status ends.
4:30 P.M. - 5:30 P.M.
4A | Navigating the Corporate Transparency Act: Real-World Insights and Compliance Strategies
Presenters: Jack Najarian and Luz E. Villegas-Bañuelos
Effective at the beginning of this year, the Corporate Transparency Act went into effect, creating a compliance obligation for approximately 32 million entities in the United States. Building on last year’s presentation on this topic, we’ll provide a briefer overview, and then delve into our experiences in assisting clients and discuss practical examples and issues we’ve run into. The Corporate Transparency Act (CTA) is a new law that requires entities (LLCs, Corporations, LPs etc.), unless they qualify for an exemption, to disclose information about their beneficial owners with the Financial Crimes Enforcement Network (FinCEN). Failure to comply can result in civil penalties and criminal penalties (including jail time).
4B | Texas Sales and Use and Franchise Tax Updates
Presenter: Bryan J. Dotson
This session discusses recent developments in the Texas sales and use and franchise taxes. The discussion will cover key legislative changes, recent court decisions, and amendments to Texas Comptroller regulations.
If you have any questions, please reach out to Meg Grossman at Meg.Grossman@chamberlainlaw.com