Taxation on Real Estate Conference (VIRTUAL CONFERENCE)
Live Virtual Conference
8.00 Credits
Member Price $395.00
Price will increase by $50 on 6/4
Non-Member Price $505.00
Price will increase by $50 on 6/4
Overview
The Taxation on Real Estate Conference brings together industry experts to explore the latest developments in real estate taxation, compliance and planning. Gain valuable insights and practical strategies to navigate the ever-changing market.
Highlights
See the agenda tab above for the full conference schedule.
Designed For
CPAs and other business professionals.
Notice
Note: This conference is offered in partnership with and administered by the Illinois CPA Society.
Tuesday, June 17
General Session
- Welcome remarks
This session is available to registrants only.
General Session
- What a Year! Real Estate Tax Update
The Inflation Reduction Act, the Tax Cuts and Job Act, recent real estate tax cases ... what a year it’s been in real estate tax! Get ready for a spirited real estate tax update. Discuss what to expect in the upcoming year and receive valuable tips to help your clients.
Speakers: Mark Heroux, J.D. | Baker Tilly US, LLP and Lyle Prempas, CPA | Mowery & Schoenfeld, LLC
This session is available to registrants only.
General Session
- Approaching the Cliff: A Federal Tax Legislative Update
This session will explore in real-time the tax policy state-of-play in Washington, D.C., including where Republicans stand in their effort to extend the expiring components of the Tax Cuts and Jobs Act of 2017 and to enact elements of the tax agenda laid out by President Trump during his campaign. Gain insight into the political, economic, budgetary and procedural factors that are shaping the fiscal policy debate.
Speaker: Alex Brosseau, CPA, MST | Deloitte Tax, LLP
This session is available to registrants only.
General Session
- Mitigating Risks and Ensuring Compliance in Real Estate Cybersecurity
Explore current cybersecurity trends and how they specifically impact the real estate sector. Dive into the latest shifts in compliance, including specific regulatory requirements and the evolution of the NIST Cybersecurity standard (government-developed framework). Learn practical risk mitigation strategies, such as effective penetration and security testing, robust disaster recovery and backup solutions, and the intricacies of cybersecurity insurance requirements. Additionally, address human risk management as a critical component of a resilient security framework.
Speaker: Jeremy Baumruk and Suraj Prakash | Xamin
This session is available to registrants only.
General Session
- Lunch
This session is available to registrants only.
General Session
- The BBA Partnership Audit Rules Are No Longer New – But Have They Grown Up Yet?
The Bipartisan Budget Act (BBA) partnership audit rules were enacted in 2015, and they are becoming increasingly relevant in audits and transactions. Discuss best practices and key issues, including how BBA audits are being conducted, common pitfalls to avoid, recent developments, and partnership terminations.
Speaker: Kate Kraus, PhD, J.D. | Covington & Burling LLP
This session is available to registrants only.
General Session
- Tax Incentive Updates: Green Building 179D and the Interplay of R&D Credits
Take a deep dive into valuable real estate tax incentives. Examine how developers, architects, engineers, and construction professionals can leverage the Research & Development (R&D) Tax Credit for innovation in building design and construction processes. Explore critical updates to the 179D Energy-Efficient Commercial Building Tax Deduction, including expanded benefits for energy-efficient improvements and the introduction of the Retrofit Program under the Inflation Reduction Act.
Speakers: Jesse Stanley and Scott Norbot | KBKG
This session is available to registrants only.
General Session
- Estate Planning for Real Estate Holdings
Real estate holdings present unique opportunities and challenges for estate planning and family wealth transfer. Discuss tax and non-tax estate planning issues involving the ownership of real estate, from dealing with a client's residence to structuring holdings for a full time real estate professional or passive investor. The discussion will also touch on partnership taxation and income tax opportunities for clients who own real estate.
Speaker: Ryan A. Walsh, J.D. | The Law Office of Ryan A. Walsh, LLC.
This session is available to registrants only.
General Session
- IRS Controversy – BOI Update
Wrap up the day with an insightful discussion on controversy and Beneficial Ownership Information (BOI) reporting. Gain a comprehensive overview of key federal and state controversy developments from the past year, along with practical guidance to help your clients navigate current and upcoming regulatory changes.
Speaker: Mark Heroux, J.D. | Baker Tilly US, LLP
This session is available to registrants only.
Leader(s):
Leader Bios
Alex Brosseau
Alex Brosseau is a Senior Manager in the Tax Policy Group of Deloitte Tax LLP’s Washington National Tax office. In that capacity, he monitors tax policy developments in Congress and the White House on behalf of the firm and its clients.
From 2012 to 2015, Alex served as Senior Analyst for Tax Policy on the U.S. Senate Budget Committee where he was the primary tax adviser to the committee’s two previous chairpersons, Senator Patty Murray of Washington and Senate Finance Committee member Kent Conrad of North Dakota. While on the Budget Committee, Alex led tax and revenue policy for the committee’s majority during many negotiations including those related to tax extenders, tax reform, and the Senate-passed fiscal year 2014 budget resolution.
He also played a significant role in the policy discussions that led to enactment of the Bipartisan Budget Act of 2013. Prior to his time on Capitol Hill, Alex worked in client service at Deloitte Tax LLP, focusing primarily on clients in the financial services and real estate industries. Alex is a Certified Public Accountant (CPA).
He received his Master of Science in taxation from American University (Washington, DC) and his Bachelor of Arts in accounting and economics from the University of Saint Thomas (Saint Paul, Minnesota).
Ian Williams
Ian Williams is a Principal for KBKG, specializing in Research & Development Tax Credits and Employee Retention Credits. Prior to joining KBKG, Ian spent eleven years at a Big Four accounting firm specializing in R&D tax credits and fixed asset studies across a variety of industries. He has extensive experience in software, heavy manufacturing, aerospace, automotive, and consumer products industries, as well as defending credit claims with the IRS. Ian earned his bachelor’s and Master’s degrees in Accounting from Samford University and is a Georgia licensed CPA and member of the AICPA.
Jeremy Baumruk
Xamin
Jesse Stanley
KBKG, Ltd.
Katherine Kraus
Covington & Burling LLP
Lyle Prempas
Lyle Prempas is a CPA and a senior manager at Baker Tilly in the Construction and Real Estate tax group. Lyle has more than 15 years of experience in the Chicagoland market and assists clients with tax compliance including capital account maintenance, debt allocations, income/loss allocations and liquidity events. In addition he consults with business owners regarding organizational structuring to achieve tax efficientcy, reviews operating agreements to ensure desired goals are met, and works with management advising on day-to-day operations to enhance cash flow management, maintain internal controls and streamline accounting functions.
Mark Heroux
Mark Heroux, Partner in the Specialty Tax Services group at Baker Tilly Virchow Krause, LLP, joined the firm in 2008. He has more than 35 years of tax litigation, technical, and program management experience. Mark specializes in IRS procedures, controversy, and dispute resolution. He began his career with the IRS Chief Counsel in 1985 where he litigated cases around the world for the IRS. When Mark left the IRS in 2000 he was a Special Assistant United States Attorney, Industry Counsel for the nation for the Insurance Industry, and a Senior Trial Attorney who helped litigate the two largest transfer pricing cases in history. At Baker Tilly, he leads the IRS Practice and Procedures group, and provides tax and business advisory services to middle-market and large companies, and high net worth individuals that operate in the real estate and other industries.
Ryan Walsh
Ryan A. Walsh, a partner at Hamilton Thies & Lorch, LLP in Chicago, advises individuals and families, business owners, and financial institutions on a range of estate planning, trust, and tax matters. He also has significant experience with trust and estate administration, preparation of estate, gift, and fiduciary income tax returns, contested estate and trust litigation, trust reformation proceedings, probate and guardianship matters, real estate transactions, and representation of clients before the Internal Revenue Service. Ryan is a Fellow of the American College of Trust and Estate Counsel. He is also a member of the Chicago Estate Planning Council, the American Bar Association (Section of Taxation; Section of Real Property, Trust and Estate Law, Estate and Gift Tax Committee Co-Chair), the Illinois State Bar Association (Federal Taxation Section Council Chair; Trusts and Estates Section), and the Chicago Bar Association (Trust Law Committee Chair). Ryan regularly speaks and writes on various estate planning, administration, and tax topics and was named one of 40 Illinois Attorneys Under 40 to Watch. Ryan received his B.S. from the University of Notre Dame and his J.D., magna cum laude, from Loyola University Chicago School of Law. He is licensed to practice law in Illinois and Florida. Ryan serves on the board of the Greater Illinois Chapter of the Cystic Fibrosis Foundation and on planned giving committees for Catholic Charities, the Archdiocese of Chicago, and Lurie Children’s Hospital.
Suraj Prakash
Xamin
Non-Member Price $505.00
Member Price $395.00