73rd Annual Virginia Conference on Federal Taxation 2022 (USB Seminar)

MCLE Credits: 12.0
Ethics Credits Included: 0.0

MCLE Credit: 12.0 (Ethics: 0.0)
Live-Interactive Credit: 0.0
Price: $522.32 - USB with electronic materials
$569.80 - USB plus printed materials (includes electronic materials)
Available Through: 06/30/2025

Information

A pre-recorded video replay of the June 2022 live webcast seminar, 73rd Annual Virginia Conference on Federal Taxation. 


Topics covered include:

  • Federal Tax Updates—Individuals and Business
  • Update on Tax Policy from Washington
  • Tax Issues of Working at Home/Remote Work
  • Cryptocurrency Tax Updates
  • General Strategies for Charitable Giving After 2017 Tax Act and the COVID-Related Acts
  • Tax Accounting Method Updates
  • Recent Developments in Virginia Taxation
  • Estate Taxation: Meeting the Liquidity Challenge
  • Recent Estate and Gift Tax Developments
  • Update on Planning for Distributions from Retirement Accounts

Virginia’s Premier Tax Conference for Attorneys and Accountants
Sponsored by The Virginia Tax Foundation

Some of the nation’s leading authorities in taxation law and practice provide valuable tax-planning and tax-saving strategies developed for individuals, corporations, pass-through entities, estates, gifts, and trusts.

Learn the law and how to apply it so you can:

  • Update your practice to account for new cases, legislation, and regulations
  • Take advantage of new planning techniques and tax trends
  • Create strategies to assist with challenges faced by clients, for both individuals and businesses
  • Employ successful new solutions to manage common problems
 

Schedule

COURSE TOPICS

Opening Remarks
Update on Tax Policy from Washington
Jeffrey Kummer, Deloitte Tax LLP / Washington, DC

This session provides an update on the current tax legislative landscape in Washington and set the stage for the upcoming November 2022 elections with a view for how those elections could impact tax policy.
Meeting the Liquidity Challenge—How to Weave, Bob, Hop, Skip, and Jump When Administering an Estate with Illiquid Assets
William I. Sanderson, McGuireWoods LLP / Washington, DC, Farhan N. Zarou, McGuireWoods LLP / Washington, DC


The federal estate tax can create a significant liquidity challenge for the estate of the closely held business owner. Internal Revenue Code Section 6166 and Section 303 offer the estate of a closely held business owner a runway to meet that challenge but require the business owner and advisor to plan accordingly. They are not the only solutions, either. This session reviews the challenges and opportunities from the estate tax deferral regime and practical considerations and alternatives for dealing with closely held business interests in an estate.

Tax Issues of Working at Home/Remote Work
Karen M. Field, RSM US LLP / Washington, DC


This presentation will address how the recent shift to working from home makes it more important to understand your tax obligations—whether as an employee or as an employer.

Recent Developments in Virginia Taxation Through the Eyes of a SALT Practitioner
Craig D. Bell, McGuireWoods LLP / Richmond


A lively discussion of Virginia tax legislation, recent court decisions, rulings of the Tax Commissioner, and opinions of the Virginia Attorney General on matters of Virginia taxation designed to keep the audience apprised of the current issues most typically being faced by taxpayers in Virginia, areas of concern by state and local tax officials, and trends observed in Virginia taxation by those who focus their practices in the area.

Recent Estate and Gift Tax Developments
Samuel A. Donaldson, Professor of Law, Georgia State University College of Law / Atlanta, GA

In an always lively and informative fashion, this prestation details significant court decisions, rulings, and statutory and regulatory developments relating to trust and wealth transfer taxes over the past twelve months.
Federal Tax Update—Individuals
Cassady V. Brewer, Georgia State University / Atlanta, GA
James M. Delaney, University of Wyoming College of Law / Laramie, WY
Bruce McGovern, South Texas College of Law Houston / Houston, TX
Federal Tax Update—Business
Cassady V. Brewer, Georgia State University / Atlanta, GA
James M. Delaney, University of Wyoming College of Law / Laramie, WY
Bruce McGovern, South Texas College of Law Houston / Houston, TX
Tax Planning of Distributions from IRAs and Retirement Accounts
Christine Nguyen Piersall, Williams Mullen / Norfolk


A review of the planning opportunities and the rules for Required Minimum Distributions from IRA Retirement accounts after the SECURES Act of 2019 and review of the recently released IRS regulations interpreting the rules in the SECURES Act.  Also will include a review of possible future legislation related to retirement accounts and RMDs; SECURES Act 2.0.

Accounting Methods Updates
Carol Conjura, KPMG LLP / Washington, DC


This session provides a closer look at the most prominent issues taxpayers are facing in the implementation of the final regulations for revenue recognition under section 451(b) and (c), including the enforceable right exception, treatment of contra-revenue adjustments, and the newly introduced “cost of goods in process offset method” for inventory sales. The session also provides the highlights of other recent judicial, regulatory, and legislative developments involving accounting methods, including the first year of transition from expensing to the mandatory amortization of research and experimental expenses, recent guidance on accounting method changes, timing considerations for the deductibility of the new pass-through entity income tax regimes, and planning with accounting methods to mitigate the limitation on deductible business interest expense.

Cryptocurrency Taxation—A Primer
James Hamon, PBMares, LLP / Rockville, MD


This session provides an introduction to cryptocurrency and information on the taxation of it. The materials cover a variety of taxable and non-taxable cryptocurrency events and how they should be treated for taxation purposes.

General Strategies for Charitable Giving After 2017 Tax Act and the COVID Relief Legislation
Bradley A. Ridlehoover, McGuireWoods LLP / Richmond


This session discusses strategies on charitable giving after the 2017 Tax Act and charitable tax incentives enacted by the COVID relief legislation.

Faculty

FACULTY

Craig D. Bell, McGuireWoods LLP / Richmond
Cassady V. Brewer, Georgia State University College of Law / Atlanta, GA
Carol Conjura, KPMG LLP / Washington, DC
Prof. Samuel A. Donaldson, Georgia State University College of Law / Atlanta, GA
James Hamon, PBMares, LLP / Rockville, MD
Karen M. Field, RSM US LLP / Washington, DC
Jeffrey Kummer, Deloitte Tax LLP / Washington, DC
Bruce McGovern, South Texas College of Law Houston / Houston, TX
Christine Nguyen Piersall, Williams Mullen / Norfolk
Bradley A. Ridlehoover , McGuireWoods LLP / Richmond
William I. Sanderson, McGuireWoods LLP / Washington, DC
Farhan N. Zarou, McGuireWoods LLP / Washington, DC

PLANNING COMMITTEE

L. Michael Gracik, Jr., Co-Director / Keiter/ Glen Allen
D. French Slaughter, III, Co-Director / Charlottesville
Jeff Barbour / Brown, Edwards & Company, LLP / Roanoke
Christopher C. Brubaker / Hantzmon Wiebel LLP / Charlottesville
David M. Chase, Jr. / Wall, Einhorn & Chernitzer, PC / Norfolk
David J. Damiani / PBMares, LLP / Newport News
Michael Doran / University of Virginia School of Law / Charlottesville
Kristen Frances Hager / McGuireWoods / Richmond
Cecelia P. Horner / Hunton Andrews Kurth LLP / Richmond
Christopher M. Kozlowski / Gentry Locke / Roanoke
Lawrence J. Martin / Hantzmon Wiebel LLP / Charlottesville
Jon G. Neal / McGuireWoods / Richmond
Professor Susan L. Porter / University of Virginia McIntire School of Commerce / Charlottesville
Professor Jeri K. Seidman / University of Virginia McIntire School of Commerce / Charlottesville
Bruce C. Stockburger / Gentry Locke / Roanoke
Kyle Wingfield / Williams Mullen / Richmond
Professor Ethan Yale / University of Virginia School of Law / Charlottesville

TRUSTEES EMERITUS

George C. Howell, III / Hunton Andrews Kurth / Richmond
Thomas P. Rohman / McGuireWoods LLP / Richmond
Thomas R. White / University of Virginia School of Law / Charlottesville
George K. Yin / University of Virginia School of Law / Charlottesville

Locations, Dates and Fees

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