SC:15th Annual Real Estate Conference, Sacramento Chapter | J1120617

Date :
June 14, 2017 8:30 AM - 2:15 PM
Location :
Sacramento Area
Facility :
Sutter Club
Get Directions
Level of Difficulty :
Update
CPE Credits :
CPE 6.00, MCLE 5.00
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The Chapter’s 15th Annual Real Estate Conference covers the latest in real estate practice issues and will feature top speakers. This year's program includes: Fun with Trump Proposed Changes – Real Estate Tax Planning Cameron Williams, CPA Rear View Mirror (Reverse Exchanges and Bartel) G. Scott Haislett, CPA, Esq. New Partnership Allocation Regulations – Where are We Going? James Leet, Esq. Boutin Jones Minna Yang, CPA, Esq. Wagner Kirkman Blaine Klomparens & Youmans, LLP Running to Canada & Real Property Investors– More Taxing Than You Think! Steve Mopsick, Esq. Mopsick Tax Law LLP Perspectives on the Board Honorable Fiona Ma, Chairperson, Board of Equalization IRS Real Property Audit Issues Cameron L. Hess, CPA, Esq. – Wagner Kirkman Blaine Matt Carlson, Esq. – Wagner Kirkman Blaine

Objectives:

• Fun with Trump Proposed Changes – Real Estate Tax Planning:
 Corporate
 Estate
 Income Tax Minimization
 S Corp – Partnership Conformity?

• New Allocation Regulations
 Import/export
 DISC/tax advise
 Financing
 Other legal/tax/accounting

• Giving Up Citizenship
 Reporting
 Tax Consequences

• IRS Real Property Audit Issues
 Shareholder Loans – S Corporations
 Real Estate Dealer v. Investor
 IRS Audit Procedures – 263(a) Guidance
 Real Property Professional
 Exchanges
 More!

Major Subjects:

The Chapter’s 15th Annual Real Estate Conference focuses on the future including tax changes, new allocation rules, and international rules.Come hear from the technical experts and community leaders, and get 4.5 hours CPE. Same price as last year!

Advanced Prep:

None

Misc. Information:

Please adhere to Sutter Club policies: no cell phones, jeans or shorts; business attire required. Thank you.
Level of Difficulty:
Update
Field of Interest:
Taxes
Prerequisites:
None
Designed For:
CPAs, attorneys, financial planners, real estate agents and other professional staff

Instructors

Matthew David Carlson, Esq.
G. Scott Haislet, CPA, CSTL, Esq.

G. Scott Haislet practices in the areas of taxation, real estate, estate planning, and 1031 exchanges. He is a California attorney and CPA, and 1031 qualified intermediary (“accommodator”).He is a Certified Specialist in Taxation Law, California State Bar Board of Legal Specialization, and represented the victorious taxpayer in Owens v. Commissioner, Tax Court Memorandum 2017-157. Haislet writes and lectures frequently about tax, real estate, finance and estate planning and legal issues, and has authored continuing education courses for real estate and tax professionals.

Haislet teaches two different 8-hour CalCPA Education Foundation courses – one on 1031 exchanges and one on real estate taxation. He has appeared periodically on San Francisco radio regarding real estate (most notably KNBR-680 AM’s “Ray Brown on Real Estate” program), and has been quoted in the Wall Street Journal, San Francisco Chronicle, USA Today, Kiplinger, and other publications. He is a member of the State Bar of California (Tax Section), the United States Tax Court Bar, the Contra Costa County Bar Association (past Tax Section chairman), the AICPA and CalCPA. He was chairman for many years for CalCPA’s Real Estate Conference, and is past president of CalCPA’s East Bay Chapter.

Haislet holds degrees from the University of Michigan School of Business and from Taft Law School. He formerly practiced with Price Waterhouse, and was an investment executive with Merrill Lynch. He was a sports writer, covering Major League Baseball, National Football League, National Basketball Association, National Hockey League, NCAA football and basketball, among other things (that was a long time ago; he is older than he looks!) “G” stands for Gerald.

Cameron Lenard Hess, CPA, Esq, Esq.

Cameron L. Hess, CPA, Esq. is a partner with Wagner Kirkman Blaine Klomparens & Youmans LLP and practices in the transaction department in the areas of taxation and business law. A CPA, formerly practicing with the international accounting firm of KPMG, Hess’ practice includes entity formation (limited liability companies, family limited partnerships, nonprofit organizations and other) and state and local tax controversies (sales tax, franchise tax and property tax). Hess has over 25 years of experience in representing a diversity of industries and closely held businesses in real estate, construction, manufacturing and services. In real estate law, Hess handles negotiations and contracting for real estate acquisitions, financing, development and syndication, including community association development and loan opinions. His clients include both investment groups and builders/developers in commercial, multifamily and residential developments. Hess has handled among the largest Sacramento area real estate home builder/developer acquisitions. He has chaired the CalCPA Sacramento Chapter’s Real Estate Committee for 25 years, and its annual real estate conference for 14 years. Hess is a past chair for the Cal CPA Education Foundation’s Real Estate Conference and continues on the TAXI Conference as a planning committee member.

In business law, Hess represents closely held business owners with business transactions, including contracts, acquisitions, financing and sales. He has served has counsel for Sacramento area manufacturers, fabricators, medical, accountants/financial, including formation, mergers, sales and succession planning. His practice emphasizes the use of pass-through entities, including partnerships, limited liability partnerships and limited liability companies. In nonprofit law/planned giving, Hess represents nonprofit entities with respect to nonprofit formation, administration and fund raising. He advises local and statewide nonprofits in formation, board management, affiliation, planned giving and unrelated business income tax, and planned giving. Hess has lectured extensively, including before the Nonprofit Resource Center and the CalCPA Nonprofit Committee. In federal and state taxation law, Hess handles federal and state tax controversy representation, including audits, appeals and Tax Court representation. His representation has included manufacturers, real estate, general businesses (reasonable compensation, character of gain, debt relief income, independent contractor), and individuals. His complex tax cases have included reconstruction of foreign business records, Section 1031 multi-property exchanges, and janitorial, and examples of tax controversies include employment, unitary/combined reporting issues, real and personal properties tax appeals, sales taxes and local business taxes. Hess has been successful in obtaining significant property tax reductions on a number of major properties. While with KPMG in Los Angeles, Hess was a manager and participated in the start-up of its state and local tax practice. In estate planning law, Hess represents high net worth individuals with estate planning, focusing on succession planning, irrevocable trusts (life insurance, charitable, granter retained annuity/unitrusts), and family limited partnerships/LLCs. He earned his bachelor’s degree in business administration (accounting) from the University of California, Berkeley in 1980 and his juris doctor and master of business taxation degrees from the University of Southern California in 1983.

Hess has written/presented over 200 articles over the past 30 years, including before local, state and national conferences and webinars. His publications include Spidell’s California Taxletter (past columnist, contributing writer), CCH Taxes (1984), The Tax Executive (1986), The California Constructor (1991), SVAA Rental Property Management, and Los Angeles Lawyer. He has served as an instructor at Cosumnes River College (adjunct, intermediate taxation); U.C. Davis’ CFP Program (adjunct instructor, taxation, 1998-2004); State Bar of California; CalCPA Education Foundation; Strafford Seminars; CSEA; ISTC; SCA; Lorman Education Services; National Business Institute; Nonprofit Resource Center (Sacramento); and the Strafford Group. His admissions to practice include the State Bar of California, 1984; U.S. Court of Appeals, 9th Circuit, 1984; U.S. District Court, Eastern District of California, 1984; U.S. District Court, Central District of California, 1991; U.S. Tax Court, 1991. He became a Certified Public Accountant in 1988.

James L. Leet, Esq.

James Leet, a shareholder of Boutin Jones Inc., specializes in corporate, partnership and personal income tax planning. He advises clients on issues relating to real estate exchanges, conservation easements, structure, formation and operation of partnerships and limited liability companies, and planning and implementation of corporate reorganization and business acquisitions. Leet is a frequent speaker on corporate, partnership and tax issues for state and local bar associations and private seminar companies. He is an adjunct professor of law at McGeorge School of Law where he teaches the taxation of partnerships and S corporations.

Leet has written and published on topics such as current trends in LLC and partnership taxation, taxation of conservation easements, and recently published an article in Tax Notes regarding a use for a VAT in the United States: “Value Added Tax: Has the Time Come?” Tax Notes, October 10, 2016, Vol. 153, No. 2: 277-282. He has been recognized in The Best Lawyers in America since 2006 for his practice in taxation.

Fiona Ma, CPA

Elected to the California State Board of Equalization (BOE) in November 2014, Fiona Ma is uniquely qualified to represent nearly 10 million Californians in the 23 counties that run from the Oregon border to Santa Barbara in the Second Equalization District. As one of the few Certified Public Accountants (CPAs) to serve on the BOE, Ma is a strong voice for businesses and taxpayers – taking the lead in clearing the haze around the cannabis industry by holding informative stakeholder meetings discussing key issues – transportation, track and trace of cannabis products, and the lack of banking services. She served as the chair of the BOE in 2016 and is the current chair of the BOE’s Legislative Committee.

Ma has supported a variety of legislation geared towards helping business owners, including – AB 821 (Gipson) which enabled cannabis dispensaries to pay their tax liability using cash and AB 2149 (Bonilla) which enabled BOE to collect cash payments from medical cannabis-related businesses for other state agencies. She is instrumental in BOE discussions about helping industry business owners pay their taxes safely and efficiently, generating innovative ideas for an industry lacking banking services. She has written extensively about her research into the industry, focused on creating helpful educational tools to assist the industry navigate California’s complicated laws; spoken on many industry panels; and has visited areas such as the “Emerald Triangle” in California, Canada, Colorado, and the State of Washington to learn from their implementation efforts. Ma has been featured in MG Magazine highlighting her determination to “fix the woeful state of banking for the industry,” is a member of the San Francisco Cannabis Task Force, and lends her expertise to California Treasurer Chiang’s Cannabis Banking Working Group meetings.

Ma represented District 4 on the San Francisco County Board of Supervisors from 2002-2006. During her tenure in the Legislature, she represented the 12th Assembly District from 2006-2012, served as Majority Whip, and was the first Asian-American female Assembly Speaker pro tempore in California history. She also served on the Assembly Agriculture Committee and had taken 70 tours around California to learn more about the agricultural industry. She is a member of the California Film Commission and Aspen Institute’s 2009 Class of Aspen-Rodel Fellows. Ma received her bachelor’s degree in accounting from the Rochester Institute of Technology, her master of science in taxation from Golden Gate University, and her master of business administration in business taxation from Pepperdine University. She has been licensed in California as a CPA since 1992.

Steven J Mopsick
Steve Mopsick’s practice focuses exclusively on federal tax practice representation before the IRS and the U.S. Tax Court, including complex audits, collection proceedings, criminal investigations, and settlements. Steve’s current practice includes voluntary disclosure and offshore compliance, “eggshell audits” and IRS liens and levies. Mr. Mopsick has over 35-years’ experience in previously working for the IRS, including for the Office of the Chief Counsel in Washington D.C., as an IRS trial attorney and ultimately as District Counsel for the IRS Sacramento District. While with the IRS he has had experience working with IRS Commissioner’s inner staff, Treasury Department officials the Tax Division of the U.S. Department of Justice, the Tax Committees of Congress, and implementation and carrying out of legal tax policy in the Northern California. Mr. Mopsick has been active in writing and instruction and he has served as an adjunct professor of law teaching IRS civil and criminal practice and procedure at the University of The Pacific, McGeorge School of Law. Steve is a graduate of Rutgers College and earned his law degree from Boston College Law School, becoming a member of the Massachusetts Bar in 1970, and the District of Columbia bar in 1972. He later received a Masters of Law in Taxation at Georgetown University. Mr. Mopsick is associated with the Taxation Section of the California State Bar and the Taxation Section of the Sacramento County Bar Association. Mr. Mopsick is a federal tax attorney and is licensed in the District of Columbia.
Cameron Michael Williams, CPA
Cameron M. Williams, CPA, MAcc, is a Senior Manager with Moss Adams’ Sacramento tax department specializing in real estate and partnership taxation. Mr. Williams represents real estate investors, developers, home builders, and owner-operators in compliance and consulting services in connection with real estate and pass-through entities. Mr. Williams has a diverse practice and advises on organizational and transactional tax planning including syndicated private equity structures for real estate and investment securities, real estate sales, 1031 exchanges, loan modifications, and dissolutions. Cameron Williams has practiced for 18-years. Mr. Williams has been a featured tax advisor, and was the author of several articles including “Collect Now, Report Later? Deferring Tax on Residential Land Improvements,” (GlobeSt.com., September 2014). Professional Affiliations American Institute of Certified Public Accountants (AICPA) California Society of Certified Public Accountants (CalCPA, Co-Chair RED Group)
Minna C. Yang, Esq, Esq.

Minna Yang is a partner with Wagner, Kirkman, Blaine, Klomparens & Youmans, LLP. With over 15 years of extensive experience, Yang is a member of the business transactions department which practices in the areas of taxation, business matters, real estate, estate planning and probate. She not only provides direct representation to clients, but serves as a practiced resource to client’s primary accountants, financial advisers and other representatives. In the area of business transactions, Yang assists clients and companies with matters including owner relationships, mergers, acquisitions, sales, exchanges, financing and debt restructuring including foreclosures, leases, partnerships, joint ventures and broker-agent relationships. In addition, Yang also specializes in related insurance planning and general business law. In the area of real property transactions, Yang serves several well-known real estate development companies by acting as general counsel. Her services provided include but are not limited to acquisitions, sales, 1031 exchanges, financing, reorganizations, debt restructuring, leases, partnerships, joint ventures, options, licenses, easements, development agreements, cost sharing agreements and various types of transactions related to real estate ownership.

In the area of federal and state taxation law, with her career beginning as an accountant rather than an attorney, Yang’s extensive background as a CPA and auditor for the State Board of Equalization not only provides her with a different insight and perception on the needs of the tax community, but has also assisted with her active involvement in complex tax cases where she has represented companies and individuals in virtually all aspects of tax planning and controversy resolution before federal and state tax authorities. Representative cases include the following: 100% employment tax penalty; income tax and fiduciary liability; fraud and negligence; income reconstruction; tax-free exchanges; reallocation of income; substantiation; timing; characterization; mergers; consolidated returns and collections. Yang is also instrumental in structuring business transactions for efficiency. With regard to estate planning, Yang assist clients with all aspects of estate planning, and trust and probate administration which includes trust planning that include living trusts, marital deduction trusts, irrevocable trusts, life insurance trusts, charitable trusts, foundations, special needs trusts, grantor retained interest trusts and intentionally defective grantor trusts. Business and asset succession planning has included recapitalizations, buy/sell agreements, split interest acquisitions, partnerships, estate freezes, private annuities, self-cancelling installment notes, management trusts, gifting with minority and lack of marketability discounts.

Yang earned her bachelor’s degree in accounting from California State University, Sacramento in 1986; her master’s degree in taxation from Golden Gate University, San Francisco in 1990; and her juris doctor degree from Lincoln Law School, Sacramento in 1996. She served as an adjunct instructor at Golden Gate University from 2003-08, and as a lecturer from 1997 to present for various professional societies and organizations including the Continuing Education of the Bar, Society of Enrolled Agents, PCBC Executive Conference, Tax Officers Summit and the California State Bar Association. Her affiliations include serving as the chair elect on the Income and Other Taxes Committee of the California State Bar Tax Section and membership in CalCPA, the AICPA, Sacramento County Bar Association, Tax and Business Sections and the State Bar of California, Tax Section. She was admitted to practice by the State Bar of California in 1997; the U.S. Tax Court in 1997; and is a Certified Public Accountant (Inactive).

No Agenda or Materials posted.