Oklahoma Tax Institute - Virtual
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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In-person Attendance: If you prefer to attend in-person, you can register for the live version 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 has 32 years of public accounting experience in tax, specializing in LLC, partnership, S corporation, and related individual tax matters. He still practices in the trenches of the CPA firm he founded over 27 years ago.
JJ has traveled all over the United States presenting tax courses to thousands of fellow CPAs on the latest tax laws and strategies. The U.S. Chamber of Commerce named him one of the top 10 Small Business Experts to follow. For the last twenty-seven years he has appeared on local and national news programs and has become a regular tax season guest on several local and national radio programs.
Joshua Jenson is a licensed CPA in Oklahoma and Texas and a member of the American Institute of CPAs and the Oklahoma Society of CPAs. Joshua graduated from Abilene Christian University in 1993 with an accounting degree.
JJ the CPA has over 100,000 subscribers and over 8 million views on his YouTube channel “JJ THE CPA,” and is heavily represented on social media. JJ has authored two books available on Amazon, “JJ THE CPA HERE!” AND “CRACKING THE CPA CODE.” The first book reveals the top 60 questions from his clients and his solutions over his 27 years in his own practice, covering issues related to banking, business structure, insurance, and taxes. The second book provides the secret of how to get referrals from CPAs.
The expiration of key provisions of the Tax Cuts and Jobs Act (TCJA) at the end of 2025 is set to impact individuals, businesses, and estates significantly. This course provides a guide for tax professionals to prepare clients for these upcoming changes. Participants will review the major provisions expiring under the TCJA, explore potential new tax landscapes, and learn strategies to mitigate tax liabilities. Topics include the shifting of individual income tax brackets, expiration of the qualified business income deduction, changes in other deductions and credits, and implications for estate and gift tax planning. This will assist participants in creating their own planning techniques to help clients transition smoothly into a post-TCJA environment.
Learning Objectives:
- Identify the TCJA provisions set to expire and understand their potential impact
- Analyze tax planning strategies to implement
- Develop proactive planning approaches to help clients adapt to the evolving tax landscape
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
- Tax Legislation in the 2nd Trump Administration
Mel Schwarz, Director of Tax Legislative Affairs, Eide BaillyMel Schwarz
Melbert E. Schwarz - Mel is a Tax Legislative Affairs Advisor in Eide Bailly’s Washington, D.C. office, where he focuses on the implementation of recent tax legislation. He has 40 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 is a past chairman of the Tax Legislation Committee of the AICPA and a sought-after speaker for many AICPA, TEI and FEI conferences.
Survey the outlook for tax legislation in 2025 and 2026, including the extension of TCJA provisions, reconsideration of the Inflation Reduction Act, and the prospects for proposals made during the campaign.
Learning Objectives:
- Understand the potential legislative changes that may be considered by Congress in 2025 and 2026
- Consider the various influences that may affect the potential these changes could be enacted
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.
This will be an update on Artificial Intelligence designed for accounting professionals. We'll begin with a brief evolution of AI, focusing on large language models (LLMs) like ChatGPT, demystify key concepts, and uncover how these technologies work. Gain insights from recent surveys and studies, understand critical privacy and security considerations, and discover practical use cases tailored to the accounting industry. Plus, learn about AI tools you might already have at your fingertips to enhance your workflows and decision-making today.
Learning Objectives
- Understand the foundational concepts of AI and LLMs, including their history, key terminology, and operational principles.
- Identify practical applications of AI in professional settings and evaluate the security and privacy implications of implementing these tools.
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 - Economics
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, is a partner at Hartzog Conger Cason LP practicing primarily in the areas of tax planning, tax controversies with the Internal Revenue Service and the Oklahoma Tax Commission, estate planning, and business transactions. After graduating summa cum laude from the Oklahoma City University School of Law, Jesse obtained an LLM in taxation in 2009 from the University of Florida Levin College of Law in Gainesville.
He is past chairperson of the Tax Section of the Oklahoma Bar Association and served as Treasurer for the Oklahoma City Tax Lawyers Breakfast. He is also a member of two other tax/estate planning groups where colleagues from various firms gather to discuss the latest developments in the tax and estate planning areas
Learning Objectives:
- Help advisors discuss and identify estate tax issues when working with clients that have potential taxable estates.
- A better understanding of potential techniques that might be available to these types of clients and the related estate planning considerations.
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