SC 14th Annual Real Estate Conference | J1120616

Date :
June 15, 2016 8:30 AM - 1:15 PM
Location :
Sacramento Area
Facility :
Sutter Club
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Level of Difficulty :
Update
CPE Credits :
CPE 4.50
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The Chapter’s 14th Annual Real Estate Conference focuses on the future and the issues accountants will encounter the next several years in real estate, including exchanges, the growing wine industry, succession planning and changing demographics. Whether you are advising your clients, your children or the next generation (including millennials) this program helps you understand economic and technical changes that will impact you directly and make you a better accountant in the real estate industry. Come hear from the technical experts and community leaders, and get 4.5 hours CPE. Same price as last year!.

Objectives:

• Learn the major latest issues in exchanges:
 swap-and-drop,
 mezzanine financing,
 new FIRPTA withholding, and
 latest audit issues in exchanges and how to address.
• Understand wine industry accounting,
 Import/export
 DISC/tax advise
 Financing
 Other legal/tax/accounting
• Strategize on succession with
 TOD Deeds,
 JT/CPWROS
 Other options
• Recognize the impact of local real estate development on business/financial planning
 Downtown development, railyards and arena
 Changing demographics – who wants to lease/buy here and why
 Strategies in light of development
• Learn the major latest issues in exchanges:
 swap-and-drop,
 mezzanine financing,
 new FIRPTA withholding, and
 latest audit issues in exchanges and how to address.
• Understand wine industry accounting,
 Import/export
 DISC/tax advise
 Financing
 Other legal/tax/accounting
• Strategize on succession with
 TOD Deeds,
 JT/CPWROS
 Other options
• Recognize the impact of local real estate development on business/financial planning
 Downtown development, railyards and arena
 Changing demographics – who wants to lease/buy here and why
 Strategies in light of development

Major Subjects:

The 14th Annual Real Estate Conference covers the latest in real estate practice issues and top speakers. This year’s program includes: Exchanges – To Infinity & Beyond – 1031 Issues Jeff Yonamine, VP, Exchange Resources, Inc.; Ciro Immordino, Esq., Tax Counsel, Franchise Tax Board Legal Division Driving Miss Daisy – Succession Issues for TOD Deeds and Other Options Robin L. Klomparens, Esq., WKBK&Y LLP Bottle Shock: Advising the Growing California Wine Industry (Accounting Tax & Legal Issues in Advising Wine Industry) Jebb Burton, Esq. & Michelle Ausburn, Burr Pilger Mayer Back to the Future Sacramento 2.0 – Community Economics and the Future! To be announced (Larry Burkhardt, Sacramento CEcD Director of Economic Dev. invited)

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

Michelle M Ausburn, CPA

Michelle Ausburn is a partner in the assurance services practice group of BPM. Her area of expertise is GAAP-compliant financial accounting and reporting. She serves middle-market, privately-held, family owner-managed, and institutionally owned businesses and publicly held companies mostly within the California wine industry. She has experience working with companies in the start-up phase through ownership transition, including IPO. In addition to providing traditional audit and review services, she offers guidance in the areas of business combinations, consolidations, lease accounting, inventory valuation, revenue recognition, and evaluation of internal control. She also has over 15 years of experience in the area of audits of employee benefit plans and serves over 20 employee benefit plan clients.

Ausburn holds a bachelor’s degree in economics and business administration from Saint Mary’s College of California. Her professional affiliations include service as a member of the AICPA and CalCPA and board member of the North Bay Leadership Council Awards. In 2014 she was named to North Bay Business Journal’s Top Women in Business, and in 2010 she received North Bay Business Journal’s Forty Under 40 award. Ausburn is a fifth-generation Californian. She was born and raised in the agricultural community of the Central Coast where her great grandparents were cattle ranchers.

Jeb Umphred Burton
Jeb Burton received his Juris Doctorate from King Hall at the University of California Davis. He accomplished his undergraduate and graduate studies at the University of the Pacific in Stockton, and is admitted to practice law in California. Mr. Burton's legal career is focused in Estate Planning, Tax and Business Law. He is specifically knowledgeable and experienced in the areas of Advanced Estate and Tax Planning, as well as Business Succession, or Legacy Planning. While he prides himself on staying on top of cutting-edge Estate Planning and Tax Techniques, he is conservative at heart and always puts his client's interests ahead of his desire to pioneer. Mr. Burton is an active member of the State Bar of California in various sections, including Business Law, Taxation, Real Property Law and Trusts and Estates. He serves as a member of the American Bar Association and various ABA divisions, including The Section of Business Law. He is also a member of the Sacramento County Bar Association, serving as Secretary Treasurer of the Tax Section. Mr. Burton is involved in other organizations, including the Sacramento Estate Planning Council (SEPC), serving as co-chair of their taxation and legislation committee. He is also actively involved in and a charter member of the Sacramento CPA/LAW Forum member of the National Academy of Elder Law Attorneys. Mr. Burton enthusiastically volunteers his time to non-profit groups and local government. He is the First District Commissioner for the Yolo County Planning Commission and currently on the Economic Development Advisory Commission for West Sacramento. He is also a member and Vocation Chair of the West Sacramento Rotary and a member of Rotary International. On a personal note; Mr. Burton is happily married and a proud father, living in West Sacramento. He is a downhill skier in the winter and a cyclist in the summer, but also an avid, borderline obsessive, collector of fine wines. Mr. Burton is also a member and active participant of the Fremont Church of the City of Sacramento.
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.

Ciro Michael Immordino, CPA
Jeff K Yonamine
Mr. Yonamine is a graduate of the University of California at Los Angeles. He received his real estate license from California and Hawaii. He worked for a real estate investment company in Hawaii coordinating tax-deferred exchanges. He has a vast background in exchanges and in working with investorsk escrow officers, real estate agents, attorneys and CPAs. Presently, he works for Exchange Resources, Inc., a 1031 Tax Deferred Exchange company which specializes in delayed, simultaneous, build-to-suit, reverse, personal property and combination exchanges. Also, Ecxhange Resources, Inc. provides escrow holdback accounts, foreclosure services, and loan modification services.
No Agenda or Materials posted.