• W&M Tax Conference
  • Program

    • 70th Annual Virtual Tax Conference

    The Conference will be held virtually on the mornings of March 20 and 21. Sessions will cover:

    March 20, Thursday 

    Federal Tax Legislative Update by Marc Gerson

    This presentation will review recently enacted federal tax legislation and the impact of the 2024 Presidential and Congressional election results on the federal tax legislative agenda for 2025 and beyond. (9:00 to 10:00am)

    Bridging Discomfort with Tax Insurance by James Chenoweth & Jeff Korenblatt

    Panelists will discuss insurance opportunities to achieve financially guaranteed tax outcomes for clients and parties who have a low risk tolerance for tax uncertainty. (10:15 to 11:15 am)

    BBA Partnership Audit Rules by Kate Kraus

    The Bipartisan Budget Act partnership audit rules were enacted in 2015, and they are becoming increasingly relevant in audits and transactions.  This presentation will discuss best practices and key issues, including how BBA audits are actually being conducted, common pitfalls to avoid, recent developments, and partnership terminations. (11:30 to 12:30 am)

    March 21, Friday

    Developments on Self-Employment Tax Issues for Partners in Partnerships by Brian O'Connor & Chris Davidson

    The presenters will provide (i) an in depth analysis of recent case law and other developments concerning self-employment taxes and partners in partnerships; and (ii) a thorough discussion of the potential planning techniques still available to partners in partnerships for reducing self-employment taxes. (9:00 to 10:00am)

    Current Estate Tax and Planning Issues Every Business Tax Practitioner Should Know by Lewis W. Webb III  

    Addressing from both a holistic and micro perspective, this presentation will explore current estate planning topics that a business tax practitioner should be conversant with in interacting with business clients, especially owners of closely held businesses (and obviously prior to referring same to your firm’s estate planning specialist). (10:15 to 11:15 am)

    Employee Retention Credits: Separating Fact from Fiction as Tax Disputes Evolve by Hale Sheppard

    This tax incentive has all the elements to ignite major battles:  Four laws, multiple sources of administrative guidance, rules with retroactive effect, long delays, billions in refunds, companies urging aggressive positions, inconsistent assessment periods, and multiple civil and criminal enforcement efforts.  This presentation explains the rules, common misconceptions, tricky issues, and recent actions by the IRS as ERC battles evolve. (11:30 to 12:30 am)