Thursday and Friday, June 4–5, 8:30 a.m.–5:00 p.m. ET each day
| MCLE Credit: | 14.0 (Ethics: 2.0) (all formats) |
| Live-Interactive Credit: | 14.0 (all formats) |
| CPE Credit for Accountants: | 16.0 (Live on Site and Webcast only) |
Virginia’s Premier Tax Conference for Attorneys and Accountants
Valuable tax-planning and tax-saving strategies developed for individuals, corporations, pass-through entities, estates, gifts, and trusts are provided by some of the nation’s leading authorities in taxation law and practice.
The Virginia Tax Foundation is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors; however, this program only provides NASBA-approved CPE credits for in-person attendees. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. The VBOA does not currently require licensees to obtain CPE from specific or approved sponsors. The live program and the webcast comply with the Statement on Standards for CPE Programs issued jointly by the AIPCA and NASBA. Attending by telephone does not. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Prerequisites: Minimum 5 years active practice or advanced degree
Program Level: Advanced
Advance Preparation: None
Delivery Method: Live on site, live-interactive webcast
Field of Study: Taxes
PLEASE NOTE: This seminar is not eligible for Virginia CLE® discounts, and Virginia CLE® Online Bundle credits and Unlimited Online Passes may NOT be used to register for this program.
COMPLIMENTARY REFRESHMENTS AND SOCIAL EVENTS
BREAKFAST. Breakfast breads and beverages will be provided both mornings of the Conference.
LUNCH. Lunch will be provided both days of the Conference.
COCKTAIL PARTY. “Meet and Greet” on Thursday, June 4, at 5:00 p.m.
Parking will be available in the parking garage adjacent to the Darden School. Any vehicles parked outside the garage will be ticketed and may be towed by the University at the owner’s expense. If you require a handicapped parking space, let us know.
Booking based on availability—we do not have a room block at either location.
Kimpton—The Forum Hotel
540 Massie Road
Charlottesville, VA 22903
833-360-9491
Kimpton—The Forum Hotel is located next-door to the Darden School of Business and walking distance to the conference.
Sonesta ES Suites Charlottesville University
1111 Millmont Street
Charlottesville, VA 22903
434-923-0300
If you have a disability that requires special accommodation, please contact Virginia CLE® well in advance of the program date.
Webcast: | 10 minutes prior to the seminar. If you register for a webcast the day of the seminar, your e-mail receipt will include a link to launch the seminar and download the materials. |
Telephone: | Online registration ends 10 minutes prior to the seminar. |
Live on Site: | Online registration ends at 11:59 p.m. the day preceding the seminar |
Cancellation and Administrative Policies: For registrations made for live-on-site attendance, a processing fee of $100 will be charged for cancellations made after 5:00 p.m. on Thursday, May 28. Transfers may be made to the webcast or telephone formats without penalty.
For registrations made for webcast or telephone attendance, cancellation/transfer requests will be honored until 5:00 p.m. on Wednesday, June 3; you will, however, be charged $90 if you cancel or transfer your registration to a different seminar after the link to the materials has been e-mailed by Virginia CLE. Full refunds or transfers are available up to two days after a webcast in the unlikely event that you experience technical difficulties.
Dietary Restrictions: If you have dietary restrictions and are attending the seminar in person, please email deanna.mcglothlin@vacle.org.
Seminar materials for this program are only available as a downloadable e-book (PDF); printed materials will NOT be available. Prior to the seminar, all registrants will receive an e-mail with an embedded link to a web page from which you may download the seminar materials.
For telephone participants, the e-mail includes instructions for accessing the seminar.
For webcast participants, the linked web page includes instructions for launching the seminar. If you register the day of the seminar, the link to the webpage will be included in your e-mail receipt.
MCLE Credit Caveat: The MCLE Board measures credits by the time you spend in attendance. If you enter a seminar late or leave it early, or both, you must reflect those adjustments accurately in the credits you report on your credit reporting form. A code will be given at the end of the seminar, which must be written on your MCLE form.
Private recording of this program is prohibited.
E-mail distance_ed@vacle.org to be notified when/if this program is made available as an online or USB seminar.
E-mail publications@vacle.org to be notified when/if this program’s seminar materials are made available for sale.
| 8:00 | Continental Breakfast |
| 8:30 | Opening Remarks |
| 8:40 | Federal Tax Update—Individuals Cassady V. Brewer, Bruce McGovern |
| 10:10 | Break |
| 10:20 | Federal Tax Update—Business Cassady V. Brewer, Bruce McGovern |
| 11:50 | Lunch (provided on site) |
| 12:35 | New Adventures in Choice of Entity This session will explore choice of entity considerations after the One Big Beautiful Bill Act [KD2.1]and recent guidance. Topics will include check-the-box elections, new guidance regarding employment taxes, and opportunities and considerations for Section 1202 benefits. |
| 2:05 | Break |
| 2:15 | Flora—Is It Time to Move On? In 1960, the Supreme Court reached a 5-4 decision that full payment of the tax was required prior to bringing a refund suit brought by a taxpayer who missed the time to file a petition in Tax Court in a deficiency case. In its ruling, the Court recognized that this decision was not driven by the language of the applicable statutes. Slightly over a decade after the Flora decision, the Solicitor General in a subsequent Supreme Court case told the Court that the position of the United States was that Flora only applied to deficiency cases. Yet, for over half a century, Flora has applied to all refund cases preventing many litigants from an opportunity to place their dispute before a judicial tribunal. It’s time to move on and open the doors of the courts more broadly when certain taxpayers seek to litigate the merits of their tax liability. |
| 3:45 | Break |
| 3:55 | Wealth Transfer Tax Recent Developments This session will review significant judicial decisions, administrative guidance, and statutory developments relating to federal wealth transfer taxation over recent months. |
| 4:55 | Closing Remarks and Adjourn |
| 5:00 | Reception |
| 8:00 | Continental Breakfast |
| 8:30 | Exploring Recent IRS Attacks on Many Types of Charitable Donations The IRS has been challenging various types of charitable donations for years, raising some standard arguments, evolving during the process, and expanding its focus over time. What started as the IRS scrutinizing donations that it considered abusive has morphed into frequent challenges to charitable gifts that are, by most accounts, routine. This presentation explores recent IRS attacks on charitable donations of conservation easements, artwork, charitable limited liability companies, closely held businesses, religious artefacts, bargain sales, cash, and more. |
| 9:30 | Break |
| 9:40 | Common Ethics Issues in Tax Controversy Practice Tax practitioners are subject to several different ethical and practice regulation regimes, such as Internal Revenue Code provisions, state bar or CPA licensing rules, and Circular 230. This program will discuss common ethics issues that arise in tax controversy practice (audits, appeals, and litigation), particularly focusing on how applicable rules may differ in various specifics such as competence (Cir. 230, § 10.35, Model Rule 1.1), confidentiality (Model Rule 1.6, I.R.C. § 7216), conflicts and conflict waivers (e.g., Model Rules 1.7 and 1.8; Cir. 230 § 10.29), due diligence and discovery (Cir. 230, §§10.20 and 10.21; Fed.R.Civ. P. 11, 16, etc.), and fees (Cir. 230, §10.27, Model Rules 1.5, 1.7, 1.8). It will also include discussion of proposed changes to Circular 230 (esp. proposed §§10.21, and 10.51) and how these rules may affect practitioners in the future. |
| 11:40 | Lunch (provided on site) |
| 12:25 | Employee Compensation, Employment Tax Rules, and IRS Employment Tax Examinations This session will discuss the types of compensation that the IRS generally picks up on IRS employment tax examinations and the IRS’ usual approach in such examinations. It will also discuss some unusual compensation and reporting issues, such as FICA on merger or acquisition of a company, FICA for nonqualified deferred compensation plans, employer gifts and awards to employees, and assigning compensation issues. |
| 1:25 | Break |
| 1:35 | Washington Update This topical presentation will examine the current legislative state of play in Washington, DC, as well as the outlook for U.S. tax policy heading into the 2026 midterm elections and beyond. Special attention will be paid to how different political outcomes and budget pressures could shape fiscal policy going forward, including with respect to provisions enacted as part of the One Big Beautiful Bill Act (OBBBA). |
| 2:35 | Break |
| 2:45 | Virginia Department of Taxation Update Commissioner Collins and members of her office will provide an overview of the latest tax developments across the Commonwealth, including agency initiatives and priorities, updates to the administrative appeals process, staffing developments, and other significant policy, procedural, and enforcement matters affecting taxpayers and practitioners. |
| 3:45 | Break |
| 3:55 | Income Tax Accounting Methods—More Than Just Timing This presentation will provide participants with a comprehensive overview of income tax accounting methods, including when a method of accounting is established, when timing changes are (and are not) treated as a change in method of accounting, and key procedures for changing a method of accounting. The presentation will also explore the importance of income tax accounting methods and methods related elections under various provisions of the Internal Revenue Code, including Section 59A (base erosion and anti-abuse tax), Section 163(j) (business interest expense limitation), and Section 55 (Corporate Alternative Minimum Tax), and will identify common situations in which income tax accounting methods can provide taxpayers with a permanent benefit. |
| 4:55 | Closing Remarks |
| 5:00 | Adjourn |
Cassady V. Brewer, Carlton Fields / Atlanta, GA
Alex Brosseau, Deloitte Tax LLP / Washington, DC
Kristin Collins, Tax Commission, Commonwealth of Virginia / Richmond
Anna Derewenda, Williams Mullen / Richmond
Dan Durst, Williams Mullen / Richmond
Karen Field, RSM LLP / Washington, DC
Keith Fogg, Harvard Law School / Cambridge, MA
Conrad Garcia, Williams Mullen / Richmond
Bruce McGovern, South Texas College of Law Houston / Houston, TX
Timothy C. Powell, Ernst & Young U.S., LLP / Washington, DC
Evan Stone, RSM LLP / Washington, DC
Christopher Rizek, Holland & Knight / Washington, DC
Hale E. Sheppard, Eversheds Sutherland (US) LLP / Atlanta, GA
Michael Gracik, Jr., Co‐Director
Keiter / Glen Allen
Cecelia P. Horner, Co‐Director
Hunton Andrews Kurth / Richmond
Paige Anderson
Vinson & Elkins / Richmond
Jeff Barbour
Brown Edwards / Roanoke
Christopher C. Brubaker
Hantzmon Wiebel LLP / Charlottesville
David M. Chase, Jr.
Eide Bailly / Norfolk
David J. Damiani
Kaufman & Canoles / Williamsburg
Michael Doran
University of Virginia School of Law / Charlottesville
Jon G. Neal
McGuireWoods / Richmond
Professor Jeri K. Seidman
University of Virginia McIntire School of Commerce / Charlottesville
Stephen Shashy
Flora Pettit / Charlottesville
Kendal A. Sibley
Hunton Andrews Kurth / Richmond
Melissa Steinmetz
PwC / Washington, DC
Bruce C. Stockburger
Gentry Locke / Roanoke
Kyle H. Wingfield
Williams Mullen / Richmond
George C. Howell, III
Hunton Andrews Kurth / Richmond
Lawrence J. Martin
Hantzmon Wiebel LLP / Charlottesville
Thomas P. Rohman
McGuireWoods LLP / Richmond
French Slaughter, III
Charlottesville
Thomas R. White
University of Virginia School of Law / Charlottesville
George K. Yin
University of Virginia School of Law / Charlottesville
