This year's conference has some of the timeliest information needed as we head into tax season. Our Tax Conference continues to get record high ratings and this year may be the best ever!
- 8:20—9:35 New Mexico Tax Update
with Richard Anklam, CPA
- 9:50—11:30 Federal and State Tax Considerations for M&A
with James Ortiz and Tony Arnold, CPA
- 12:30—1:45 Estate Planning Panel
- 2:00—2:50 Estate Planning After the SECURE/CARES Acts
with Vickie R. Wilcox, J.D., LL.M.
- 2:50—3:15 NMTRD Updates
with Stephanie Schardin Clarke, CPA and Emily Oster, CPA
- 3:15—4:30 Uncertain, But Important, Issues in Partnership Taxation
with Jim Hamill, CPA
New Mexico Tax Update
Richard Anklam, CPA
Join us for a detailed overview of the New Mexico Tax Update with Richard Anklam. This update will cover budget changes, unemployment insurance trust funds, and the move to destination sourcing and the upcoming changes in the gross receipts tax. Richard will also discuss the NMTRD's regulation writing updates and dive into the corporate tax regime changes, which require regulation updates as well.
Federal and State Tax Considerations for M&A
James Ortiz and Tony Arnold, CPA
Please join James Ortiz and Tony Arnold for a presentation on tax considerations for M&A. This session provides an in depth review of both federal and state tax considerations as they relate to the M&A.
Estate Planning Panel
During this interactive panel, attendees will hear directly from a diverse group of panelists in the estate planning industry as they share their expertise with the group.
Estate Planning After the SECURE/CARES Acts
Vickie R. Wilcox, J.D., LL.M.
We will be discussing different considerations for coordinating a client’s retirement account with the client’s overall estate plan, given recent changes in the laws. Included in this discussion will be an overview of how the stretch out for many beneficiaries will no longer be available, and what this can mean for clients with various family issues (blended family, drug or spendthrift issues, etc.). We will review how a charitable remainder trust may be an option to replicate a stretch IRA for some philanthropic clients.
Stephanie Schardin Clarke, CPA and Emily Oster, CPA
Secretary Schardin Clarke and Deputy Secretary Oster will review recent developments involving the New Mexico Taxation and Revenue Department. They will discuss continued implementation of tax legislation enacted in 2019 and 2020, as well as recent technological advances at TRD. Finally, they will discuss the Department's outlook on the 2021 regular legislative session.
Uncertain, But Important, Issues in Partnership Taxation
Jim Hamill, CPA
This session will examine several current issues in partnership taxation. This will include how to report tax basis capital accounts to comply with mandatory 2020 reporting and whether targeted allocations of profit and loss actually work under Section 704. Stop reading now to avoid a spoiler alert. The answers: (1) We don’t know how to report tax basis capital accounts and (2) We don’t know if targeted allocations work. Jim Hamill will discuss these topics and a few other things he doesn’t know.