Oklahoma Tax Institute
16.00 Credits
Member Price $370
Non-Member Price $470
Overview
The Oklahoma Tax Institute is the OSCPA's most comprehensive tax and financial planning event of the year.
Earn up to 16 hours of recommended CPE credit, including two hours of ethics. Attendees can also receive up to 16 hours of CLE credit.
The Oklahoma Tax Institute is sponsored by the OSCPA Taxation Committee.
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Room Reservations: Discounted room rates are available at the Embassy Suites Downtown Medical Center for $134/night. You can book your room online or by calling the hotel directly at 1-405-239-3900, using group code: C-93R. The deadline to book a room with the discounted room rate is Monday, November 11, 2024.
Virtual Attendance: If you prefer to attend virtually, you can register for the simulcast here.
Prerequisites
None
Designed For
CPAs, financial planners, attorneys and other tax professionals needing updated information on a variety of taxation topics.
Objectives
None
Preparation
Notice
Thursday, December 5
General Session
- Now What: Prospects for the 2025 Economy
Chris Kuehl, Managing Director, Armada Corporate IntelligenceChris Kuehl
Dr. Chris Kuehl is a Managing Director of Armada Corporate Intelligence. He provides forecasts and strategic guidance for a wide variety of corporate clients and business organizations around the world. He is the economic analyst for several national and international organizations.
The last year has been a volatile one for the economy (aren't they all?). The coming year promises more of this - interest rate adjustments, inflation challenges, geopolitics, supply chain and so on. We will delve into these and more.
Learning Objectives:
- Understand the drivers of last year's economy
- Understand the likely drivers of the 2025 economy
Credits: 1.5 - Economics
This session is available to registrants only.
General Session
- Tax Cuts and Jobs Act Expiration
Joshua Jenson, Founder, Joshua Jenson, CPA, P.C.Joshua Jenson
Joshua Jenson has over 25 years of public accounting experience in the area of tax, specializing in LLC, partnership, S corporation, and related individual tax matters. He is managing partner of Jenson & Company, CPAs, P.C., which he founded over 25 years ago. His firm is known for a boutique service approach, with a focus on tax planning and strategies. Joshua is a member of the Oklahoma Society of CPAs (OSCPA), the Oklahoma City Chapter of the OSCPA, and the American Institute of CPAs. He is a past Chairperson of the Educational Foundation and is a public speaker for the OSCPA. Joshua received the 2014 Distinguished CPA Award from the OSCPA in recognition of his involvement in the community and activism in the accounting profession. JJ the CPA has over 81,000 subscribers and over 6.6 million views on his YouTube channel “JJ THE CPA,” and is heavily represented on social media, with daily postings, including daily videos released on everything dealing with money. He is licensed in Oklahoma and Texas. Joshua graduated from Abilene Christian University with an accounting degree in 1993, and is a licensed CPA in Oklahoma and Texas.
More information coming soon!
Credits: 1.5 - Taxes
This session is available to registrants only.
General Session
- S Corporations Update
Tony Nitti, EYTony Nitti
Tony is a Tax Partner in the Private Tax group of Ernst & Young’s National Tax Department, where he chairs the S Corporation subgroup. Throughout his career, Tony has focused primarily on income taxation of individuals and S corporations, with a special focus on the reorganization provisions, including the structuring of acquisitions, mergers, reorganizations, spin-offs and other restructuring transactions.
Prior to joining Ernst & Young, Tony ran the national tax groups of two large regional firms. Tony is a prolific author, having published dozens of feature articles for The Tax Adviser, Taxes Magazine, Tax Notes, the Journal of Accountancy and Accounting Today. In addition, since 2012, Tony has been a featured tax writer for Forbes, where his column has a national following in the hundreds of thousands.
Tony teaches S Corporation Taxation at Golden Gate University’s Graduate Tax Program and is a member of the AICPA’s S Corporation Technical Resource Panel. Tony has authored many articles about S corporation taxation, including “S Corporation Shareholder Compensation: How Much Is Enough?” published in the Tax Adviser in July 2011, and “Determining the Taxability of S Corporation Distributions Parts I and II,” published in 2014.
An update on all aspects of subchapter S for 2023 and 2024.
Learning Objectives:
- Identify key developments in fixing invalid S elections
- Identify when second classes of stock may exist for state-law LLCs
Credits: 1.5 - Taxes
This session is available to registrants only.
General Session
- Federal Legislative Tax Update
Mel Schwarz, Director of Tax Legislative Affairs, Eide BaillyMel Schwarz
Melbert E. (Mel) Schwarz – Mel is a Director - Tax Legislative Affairs for Eide Bailly. He has over 39 years of experience in the world of tax legislation in Washington, D.C., including 6 years spent on the staff of the Joint Committee of Taxation. He specializes in the implementation of recently enacted legislation with a focus on business credits and incentives. During his time with the Joint Committee on Taxation, he participated in the development of numerous incentive provisions, including advanced energy and research credit legislation. He is a past chairman of the Tax Legislation Committee of the AICPA and a former member of its Tax Executive Committee. He received his B.A. from SMU, his J.D. from the University of Michigan, and his Masters in Professional Accounting from the University of Texas.
As Congress stumbles towards year-end, opportunities may still exist to consider those tax issues that have sat too long on the table, that do not work as intended, and that have arisen this year. Can Congress address them in time? What effect will the coming 2024 election have? How will the nation's political cartoonists present the situation?
Learning Objectives:
- Understand the status of major tax legislative concerns, their likelihood of passage and the form that passage may take.
- Examine how the political situation will affect Federal tax legislation, now and in the future.
Credits: 1.5 - Taxes
This session is available to registrants only.
General Session
- AI Technology Update
Jason Shultz, Innovation Partner, HoganTaylor LLPJason Shultz
Jason Shultz is the Partner of Innovation at HoganTaylor LLP and operates within the Strategic Services Department of the Firm. He is the Executive Director of myPortal.team, a proprietary, accessible-anywhere, document transfer and storage portal. He also serves as a Board member of Momentum3, LLC. HoganTaylor and Momentum3 formalized a partnership to bring custom software, products, and digital solutions to the middle market, a market which has not historically had access to these tools.
The pace of change in AI is fact, some feel like they might be left behind. We're going to catch you up on simplify the discussion.
Learning Objectives
- What's new with AI
- What do I need to know about privacy and security
- How can I be using AI today
Credits: 1 - Information Technology
This session is available to registrants only.
General Session
- Beneficial Ownership Reporting
Mark Neumeister, Tax Partner, Arledge, P.C.Mark Neumeister
Mark Neumeister, CPA, CGMA, is a partner at Arledge, P.C. in Edmond. An OSCPA member for more than 25 years, Neumeister has served on the OSCPA’s Continuing Professional Education, Business Valuation/Forensic & Litigation Support, Small Firm Practitioners and Taxation committees. A frequent speaker on tax topics, Neumeister has presented on a variety of tax matters to such groups as the OSCPA, Oklahoma Tax Institute, Tax Executives Institute, Committee of Oklahoma Tax Accountants, and other groups. Shortly after Oklahoma enacted the Oklahoma Pass-through Entity Tax Equity Act of 2019, Neumeister was quickly recognized as a thought leader and frequent speaker on the implementation, including immediate election options, and interpretation of the new statute. His seminars on the new law were attended by more than 800 CPAs, lawyers and tax practitioners.
This course is designed as an introduction to the recently effective provisions of the 2021 Corporate Transparency Act dealing with the reporting of beneficial owners, those with substantial control and company applicants to the Financial Crimes Enforcement Network (FinCEN).
Learning Objectives:
- Gain understanding of the new beneficial ownership reporting rules.
- Explore filing options and exemptions.
- Learn how to avoid significant penalties.
Credits: 1 - Taxes
This session is available to registrants only.
Friday, December 6
General Session
- Recent Developments in Federal Income Tax
Bruce McGovern, VP, Assoc Dean and Professor of Law, South Texas College of LawBruce McGovern
Bruce McGovern, JD, LLM, is a member of the faculty at South Texas College of Law Houston, where he also serves as director of the school’s Low Income Taxpayer Clinic. Previously, he served for many years as the school’s vice president and associate dean for academic administration. He received his undergraduate degree from Columbia University, his law degree from Fordham University School of Law, and an LL.M. in Taxation from the University of Florida Levin College of Law, where he taught as a visiting faculty member before joining the faculty at South Texas College of Law Houston. Professor McGovern is a member of the Council of the State Bar of Texas Tax Section, a former chair of the Houston Bar Association Section of Taxation, and a fellow of the American College of Tax Counsel.
This session will review significant court decisions, administrative rulings, and statutory and regulatory developments of the past year in the field of federal taxation.
Learning Objectives:
- Participants will be able to demonstrate an understanding of significant recent developments in federal income taxation affecting individuals, corporations, and partnerships.
- Participants will be able to assess how significant recent developments in federal income taxation affect client matters.
Credits: 1.5 - Taxes
This session is available to registrants only.
General Session
- Partnership Tax Update
Adam Sweet, Eide BaillyAdam Sweet
Adam Sweet, JD, LL.M., leads pass-through entity consulting for Eide Bailly. He has extensive knowledge in partnership tax, including interpreting partnership agreements, allocation and distribution provisions and issuing compensatory equity. Adam is also experienced with both the buying and selling sides of domestic and foreign joint ventures, tax credit partnerships and a variety of IRS controversy matters. He also leads Eide Bailly’s Opportunity Zone working group.
Review relevant partnership tax topics, including new legislation, regulatory guidance and court cases affecting your planning strategies. Discuss planning opportunities in light of recent developments and gain guidance on common transactions in the marketplace.
Learning Objectives:
- Review recent subchapter K guidance
- Highlight planning opportunities
Credits: 1.5 - Taxes
This session is available to registrants only.
General Session
- Estate Tax Update
Jesse Chapel, Partner, Hartzog Conger & Cason LLPJesse Chapel
Jesse Chapel, JD, LLM, graduated Summa Cum Laude from the Oklahoma City University School of Law and obtained an LLM in taxation from the University of Florida Levin College of Law. In June 2018, he joined Hartzog, Conger, Cason & Neville and practices in the areas of taxation, estate planning and corporate law. Chapel has been named a rising star in the field of taxation by Super Lawyers.
More information coming soon!
Credits: 1.5 - Taxes
This session is available to registrants only.
General Session
- Oklahoma Tax Update
Tony Mastin, McAfee & Taft A Professional CorporationTony Mastin
Tony Mastin, JD, is widely considered a leading authority on tax policy and state and local tax issues. He focuses his practice on advising individuals, high net-worth families, tax-exempt organizations, and businesses of all sizes on planning matters involving state and local taxation (SALT), including sales and use taxes, multi-state taxation, SALT controversy work, and federal income taxation. Tony joined McAfee & Taft in 2019 following his retirement from the Oklahoma Tax Commission after 35 years of service, including 12 years in which he served as its executive director. Over the course of his career at the OTC, he also served as an attorney in the General Counsel’s office, deputy director of the Motor Vehicle Division, deputy director of the Business Tax Division, and director of the Tax Policy and Research Division. As executive director from 2007 – 2019, he was responsible for managing the day-to-day operations of the agency, serving as its legislative liaison, and assisting in the proposal, drafting, review and analysis of tax legislation. On the national level, Tony played an active role in the Streamlined Sales Tax Project (SSTP), a nationwide effort by state and local governments and the private sector to simplify and modernize sales and use tax collection and administration. That effort led to the development and implementation of the Streamlined Sales and Use Tax Agreement. Upon initiation of the SSTP in 2000, Tony served as the Oklahoma delegate for the project’s State and Local Advisory Council (SLAC) and was a member of its steering committee, served as scribe on the original drafting committee, and was also a member of the Compliance Review and Interpretations Committee and the Issue Resolution Committee. In 2017, The Federation of Tax Administrators honored Tony with the Harley T. Duncan Award for his sustained and significant service to state tax administrators.
This session will update members on the latest state and local tax issues.
Learning Objectives:
- Learn about the tax legislation passed in 2024 by the Oklahoma Legislature.
- Learn about recent state tax court decisions and other state and local tax developments.
Credits: 1.5 - Taxes
This session is available to registrants only.
General Session
- Ethics for Tax Professionals
Ashley Plyushko, Executive Director, Oklahoma Accountancy BoardAshley Plyushko
Ashley Plyushko, CPA, is the Executive Directo of the Oklahoma Accountancy Board. Here rise to the sate board is the culmination of a career across government, both municipal and state. Graduating from Oklahoma Baptist University with a degree in history and political science, she had a brief stint at the Oklahoma House of Representatives. She then landed at the Office of Management and Enterprise Services as a budget analyst in the Statewide Budget Division. There she started her foray into state finance and her CPA journey. She achieved her goal of becoming a CPA in 2017 and moved to the City of Shawnee, Oklahoma, to work as the Assistant Finance Director. After three years and promotion to Finance Director and City Treasurer, she felt the pull of the state and returned to OMES where she served as the State Chief Financial Officer.
This session will review the ethical requirements as outlined in Circular 230 and the AICPA Code of Professional Conduct through the use of case studies
Learning Objectives:
- Understand the ethical requirements as outlined in Circular 230 and the AICPA Code of Professional Conduct
- Understand how to approach ethical dilemmas when working with clients using the tools outlined in the standards
Credits: 2 - Behavioral Ethics
This session is available to registrants only.
Non-Member Price $470
Member Price $370