CPA Day(s) of Service: October 26 - November 6 Volunteer

Livestream: Mississippi Tax Institute

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Wednesday, December 2, 2020 @ 8:30am Thursday, December 3, 2020 4:30pm
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Description

This event is designed to help you manage and thrive in this ever-changing tax environment. Discover how the latest changes will affect your clients or company. Learn new tax-saving strategies and enhance your skills and knowledge so you can provide outstanding results.

The MSCPA Taxation Committee has put together an afternoon Bonus Session on Wednesday, December 2, 2020, prior to the Conference. Select the Optional Wednesday Session below when registering for an additional 4 hours of CPE.

Credits

Category Amount
Taxation 12.00

Sessions

Wednesday, December 2, 2020

12:30pm - 1:00pm
$100.00
1:00pm - 1:05pm
$0.00
1:05pm - 3:45pm
$0.00

A primer to the changes in the federal tax landscape (150 min.) - 2020 has been a blur for us all with significant guidance issued and tax changes implemented in response to COVID-19 disruptions. Join Gray Edmondson of Edmondson Sage Allen, PLLC and Damien Martin of BKD CPAS & Advisors as they unpack the CARES Act and other current developments for individuals and businesses, break down what they mean for taxpayers, and explore planning strategies.

Credits: Taxation 3
3:55pm - 4:45pm
$0.00

In the cover of darkness on December 20, 2019, the "Setting Every Community Up for Retirement Enhancement Act" or "SECURE" was signed into law after being hidden in an Appropriations Bill (H.R. 1865). What is this new law that has largely killed "stretch" IRAs? Is there still a way to guide clients to plan around it? David Marchetti of Wells Marble will answer these questions and more as he takes us through the SECURE Act.

Credits: Taxation 1

Thursday, December 3, 2020

8:15am - 8:25am
$0.00
8:25am - 10:00am
$0.00

Despite the ongoing chaos created by the COVID-19 Pandemic, the IRS has made clear that it plans to continue its vigorous campaign targeting taxpayers entering into captive insurance transactions and conservation easements.  These aggressive campaigns continue despite the inducements from Congress encouraging participation in such transactions.  Taxpayers who have made a conservation easement donation or purchased property and casualty insurance policies from a Section 831(b) captive insurance company should anticipate that their participation will become subject to scrutiny from the government and be prepared to defend themselves against the IRS.  David Aughtry of Chamberlain Hrdlicka will discuss recent developments related to conservation easements and small captive insurance and strategies for defending participation in those transactions.

Credits: Taxation 1.80
10:05am - 11:05am
$0.00

With local economies still struggling, many of our clients are now looking at bankruptcy as their only option. Ken Lefoldt of Lefoldt & Co., P.A. will take us the taxation of individual and corporate bankruptcy estates filing under Chapter 7 or Chapter 11. He will also discuss the impact of pass through entities and liquidation trusts in bankruptcy.

Credits: Taxation 1.20
11:10am - 12:10pm
$0.00

New regulations, new IRS guidance, new cases…new tax law???  This session will focus on estate planning hot topics, potential 2021 tax law changes, seven techniques particularly beneficial in a low interest rate/high market volatility environment, and strategies clients could implement before the end of 2020.

Credits: Taxation 1.20
1:00pm - 1:50pm
$0.00
Credits: Taxation 1
1:55pm - 2:15pm
$0.00

Mississippi House Ways and Means Chairman, Trey Lamar, sits down with our very own Co-Chair, Samantha Moore, to discuss the legislative process behind getting tax bills passed and also provides a look on what tax bills may be on the horizon for the next legislative session.

Credits: Taxation 0.40
Leaders:
2:20pm - 3:10pm
$0.00
Credits: Taxation 1
3:15pm - 3:35pm
$0.00

Commissioner Chris Graham joins Tax Committee Chairman David Lynch for a Q&A session where David will hit him with the tough questions like what was his favorite movie as a child, what’s his most embarrassing moment, and where does he stand on whether a hot dog is a sandwich???

Credits: Taxation 0.40
3:40pm - 4:30pm
$0.00

Jan and Ashley are back live this year with John Fletcher to give us the lowdown on what the MDOR has been up to during the pandemic.

Credits: Taxation 1

Course Materials

Links to the e-materials will be listed with your course registration in your account on the MSCPA website seven calendar days before the course. You will receive an e-mail when the materials are available.



Leaders

David D. Aughtry

David D. Aughtry

David Aughtry, J.D., LL.M., is the Managing Partner in the Atlanta Office of Chamberlain, Hrdlicka, White & Aughtry. David practices in the area of civil tax controversy. In his prior life, he served as the Trial Attorney and Tax Shelter Coordinator for the Office of Chief Counsel, Internal Revenue Service (1978-82) where he tried, among others, Brannen v. Commissioner, 78 T.C. 471 (1982), aff’d, 722 F.2d 695 (11th Cir. 1984) (motion picture partnership deductions disallowed for lack of primary profit motive) and Walker v. Commissioner, T.C. Memo. 1982-495 (determination of hypothetical development highest and best use for charitable contribution of land in Panacea, Florida) before joining Chamberlain, Hrdlicka and defending the righteous against unwarranted claims by the government – generally inflated by penalty demands.

Jan M. Craig

Jan M. Craig

Jan Craig serves as the Associate Commissioner for Income and Property Taxes for the Mississippi Department of Revenue in Jackson. She has held this position since 2011. As the Associate Commissioner, Ms. Craig oversees the Income Taxes which include Individual Income Tax, Corporate Income and Franchise Tax, Withholding, Miscellaneous Taxes, the Customer Service area for the Department, and the Property Tax area which includes the Motor Vehicle Registration and Title. Ms. Craig has been with the Department for 22 years and has served in the Income Tax Bureau and Miscellaneous Tax Bureau. Ms. Craig holds an MBA from Delta State University and a Bachelor of Accountancy from the University of Mississippi. She is also a CPA.

S. G. Edmondson

S. G. Edmondson

Gray Edmondson, J.D., LL.M., is a partner in the firm Edmondson Sage Dixon, PLLC, in Oxford, Mississippi, and practices in partnership, corporate, and individual tax planning; business transactions; tax controversy; estate and wealth transfer planning; probate; estate and trust litigation; asset protection; and charitable planning. Mr. Edmondson has conducted, authored, and directed numerous seminars for professional, academic, and civic groups on taxation, business planning, asset protection and estate planning. He is a member of the Mississippi State Bar Association, Past President of the Mississippi Bar Estates and Trusts Section, and is admitted to practice before the U.S. Tax Court, the U.S. Federal District Courts for the Northern and Southern Districts of Mississippi, and all Mississippi Courts. Mr. Edmondson earned his B.A., cum laude, and his B.P.A., cum laude, at the University of Mississippi; his J.D., cum laude, at the University of Mississippi School of Law; and his LL.M. at the New York University School of Law.

John F. Fletcher

John F. Fletcher

John Fletcher, J.D., LL.M., is a Partner with Jones Walker, LLP, in the Tax & Estates Practice Group and practices from the Jackson, Mississippi office. With more than twenty years' experience in the legal, corporate, and accounting arenas, his practice focuses primarily on state tax matters, encompassing Mississippi, Louisiana and multi-state income, franchise, sales, use and local ad valorem taxes. Mr. Fletcher earned his Bachelor of Business Administration in Accounting from Delta State University, where he currently serves on the Alumni Association Board of Directors, and his Juris Doctor at The University of Mississippi School of Law. He is also a Certified Public Accountant (inactive) in Tennessee, is active with the Mississippi Economic Council and Mississippi Manufacturer's Association. He is also a member of the American Bar Association's State and Local Tax Subcommittee, the Institute for Professionals in Taxation ("IPT"), and the Council on State Taxation ("COST").

Chris Graham

Chris Graham

Chris Graham has a long history of serving the people of Mississippi, most recently as Senate Budget Officer for the Mississippi Legislative Budget Office (LBO). Before joining LBO, Graham played an integral role on the Mississippi Ethics Commission as Assistant Director and Counsel from 2007 to 2009 and 2012 to 2017. Graham also has 17 years of extensive experience as an attorney, handling a range of issues from investigations, to preparation of administrative decisions, to training for public servants, and more. He began his legal career in 2001 to 2002 as an Associate Attorney at Wise Carter Child & Caraway, P.A. Advancing quickly, he served as Associate/Partner at Ott & Purdy, P.A./Heilmann Kennedy Graham, P.A. from 2002 to 2007. Serving as Partner at Heilman Law Group, P.A. from 2009 to 2012, Graham acted as lead counsel in multiple complex adminstrative actions challenging audits and recoupment requests by Medicare, Medicaid, and the Mississippi State Tax Commission. A graduate of the University of Mississippi with a Bachelor of Accountancy and Millsaps College with a Master of Accountancy, as well as a Juris Doctor from the University of Mississippi, he has an impressive foundation to usher Mississippi into a more prosperous future.

Delbert Hosemann

Delbert Hosemann

Charles Delbert Hosemann Jr., is the 33rd and current lieutenant governor of Mississippi, since January 2020. From 2008 to 2020, he served as the secretary of state of Mississippi. Hosemann was born in Vicksburg in western Mississippi. He received his Bachelor of Business Administration degree in 1969 from the University of Notre Dame in South Bend, Indiana. In 1972, he earned his Juris Doctor from the University of Mississippi School of Law in Oxford, Mississippi. In 1973, he obtained specialization in Taxation at New York University. Hosemann currently lives in the capital city of Jackson, where he is a partner with Phelps Dunbar LLP.

Trey Lamar

Trey Lamar

Trey Lamar, III, JD, LLM After finishing his undergraduate degree in Business with emphasis in real estate and management from Ole Miss, Trey moved to Jackson where he obtained his law degree from Mississippi College School of Law. During law school, he served on the Moot Court Board and as president of the Christian Legal Society. After law school, Trey moved back to his hometown of Senatobia where he began practicing law with the firm that his grandfather founded in 1958. In 2008 he obtained an LLM degree in taxation from Washington University School of Law in St. Louis. In 2011, Trey was elected to the Mississippi House of Representatives where he represents the citizens of House District 8 in the Mississippi Legislature. When he is not practicing law or tending to legislative duties, Trey enjoys spending time with family and friends, the outdoors, sports and history

H. Ken Lefoldt

H. Ken Lefoldt

Mr. Lefoldt is a shareholder with Lefoldt & Co., P.A. He heads up the firm's litigation services and consulting practice. Services include expert witness testimony at depositions and trial, trial assistance relating to opposing experts, consultation on litigation options and approaches, support during the discovery process and, all phases of bankruptcy administration. He is a Certified Public Accountant, a Certified Insolvency and Restructuring Advisor, a Certified Fraud Examiner, and is Certified in Financial Forensics. Mr. Lefoldt received his BBA in Accounting from the University of Notre Dame in 1968 and his MBA from Loyola University in New Orleans, LA in 1976. Mr. Lefoldt is a member of: American Institute of Certified Public Accountants; Institute of Management Accountants; American Bankruptcy Institute; Association of Insolvency and Restructuring Advisors; Turnaround Management Association; National Association of Bankruptcy Trustees; Association of Certified Fraud Examiners; Mississippi Society of Certified Public Accountants; Louisiana Society of Certified Public Accountants and the Mississippi Bankruptcy Conference. Mr. Lefoldt is a Fellow of the American College of Bankruptcy. Mr. Lefoldt has served as Executive Director and member of the Board of the Mississippi Bankruptcy Conference (1986-2014). Mr. Lefoldt has served as a member of the Board of the Association of Insolvency and Restructuring Advisors (1989- 2010) and served as President from 2000-2002. Mr. Lefoldt has lectured on Insolvency Accounting at Seminars sponsored by the Mississippi Bankruptcy Conference, Mississippi College School of Law, Association of Insolvency and Restructuring Advisors, Central California Bankruptcy Association and the American Bankruptcy Institute. Mr. Lefoldt has served as Trustee in Bankruptcy, Examiner, Accountant for the Debtor, Accountant for Creditors' Committee, Accountant for the Trustee, Special Master in Chancery Court, and Trustee for a Creditors' Trust. Mr. Lefoldt has testified as an expert witness in Finance & Accounting in Federal District and Bankruptcy Court, and State Chancery and Circuit Court. Mr. Lefoldt has been included in the Best Lawyers in America Directory of Experts published by Woodward/White.

David R. Lynch

David R. Lynch

David R. Lynch is the MSCPA Taxation Committee Chair and one of the Central Chapter Representatives to the MSCPA Board. In addition to being a CPA, David is admitted to the Mississippi and Alabama Bars and has an LL.M. in Taxation. David focuses his practice in estate and business planning, estate and trust litigation, tax resolution, and has also recently been selected to serve as Subchapter V Trustee for Mississippi Bankruptcy Courts where he assists distressed small businesses develop plans to reorganize their debt and operations.

David Marchetti

David Marchetti

David Marchetti, J.D., LL.M., is a Member at Wells Marble in Ridgeland. He practices primarily in the areas of wills, trusts, and estates, including planning, administration, litigation, and mediation. He also practices in the areas of taxation and closely-held businesses. He has been a frequent lecturer on estate planning and probate issues for a number of organizations and institutions, including the Mississippi Bar Association, the Mississippi Bankers Association Trust Conference, Mississippi State University, the Estate Planning Counsel, and the University of Mississippi. David has served on the Trust Law Task Force Steering Committee organized by Mississippi Secretary of State, Delbert Hoseman, which worked to pass the Uniform Trust Code, the Qualified Dispositions in Trust Act, and other important legislation in the field of Trust Law, which David also helped draft. David is currently serving on a task force organized by the Secretary to pass revisions to the Mississippi Probate Code. He also serves on the Mississippi Commission on Guardianships and Conservatorships organized by the Mississippi Supreme Court to study and recommend necessary changes to Mississippi’s laws on guardianship and conservatorship. David received a Bachelor of Accountancy Degree from Mississippi State University and his J.D. from the University of Mississippi School of Law, where he served as Associate Editor of the Mississippi Law Journal. He earned his LL.M. in estate planning from the University of Miami School of Law.

Damien Martin

Damien Martin

Damien serves as a National Tax Director in the National Office of BKD CPAs & Advisors in Chicago, Illinois. He performs tax consultations and quality control reviews with the firm’s offices and trains personnel on common firm approaches, including standardized tax workpapers, technology tools and new regulatory procedures. He is the host of Simply Tax, a podcast dedicated to delivering practical and timely content to simplify tax challenges. Damien also serves on the development teams of BKD Family Office, a fully integrated suite of services designed to assist affluent clients manage & transfer multigenerational wealth, and BKDnext, an intentional & thoughtful process designed to create financial security for a client's family, business and future. Damien is a graduate of the University of California, Berkeley, with a B.A. degree, and a graduate of Golden Gate University, San Francisco, California, with an M.S. degree in taxation.

Ashley May

Ashley May

Ashley May, J.D. is Chief Legal Counsel for the Mississippi Department of Revenue. Ashley took on the role of Chief Legal Counsel in 2014. During her seventeen years with the Department of Revenue, Ashley has also served as Chairman of the Board of Review, Director of Tax Policy and Economic Development, as a Tax Policy Analyst, and as a Staff Attorney. Currently the Legal Division, Bankruptcy Unit, Board of Review, and Office of Tax Policy and Economic Development are all under her direction. Ashley is a graduate of The University of Mississippi School of Law.

Mark Parthemer

Mark Parthemer

Mark Parthemer, J.D. is a Managing Director and Senior Fiduciary Counsel for Bessemer Trust, responsible for working with clients and their advisors to develop practical and efficient wealth transfer plans and for guiding the firm on fiduciary issues. He joined Bessemer, an exclusive wealth management firm, in 2004 after private law practice in Pennsylvania and Florida, most recently as a Trust and Estate partner with Duane Morris LLP. He also spent several years at PricewaterhouseCoopers and was involved in private businesses. Mr. Parthemer is a nationally recognized speaker and frequently published author. He is an ACTEC Fellow, and is in leadership of the Real Property Trust and Estate Section of the American Bar Association, the Florida Bankers Association (Board Member; Past Chair Legislation Committee) and the Florida and Pennsylvania Bar Associations. He is an Associate Editor and Columnist for the Journal of Financial Service Professionals, member of Synergy Summit (Past President), the Palm Beach County Estate Planning Council (Board Member), and the Palm Beach Tax Institute. He was awarded the 2014 Article of the Year from the American Bar Association’s Probate & Property magazine and named the Florida Bankers Association 2015-2016 Banker of the Year. He frequently is faculty for the University of Miami’s prestigious Heckerling Institute, was an Adjunct Professor, Widener University School of Law, and guest lectures at the Dickinson School of Law and the University of Miami School of Law’s LLM program. He has been quoted in the Wall Street Journal, Barron’s, NY Times and MONEY Magazine, and has been honored by Best Lawyers in America with their Lifetime Achievement Award. He earned a J.D. from The Dickinson School of Law, B.A. and B.S. degrees in philosophy and government from Franklin and Marshall College, conferred status of an Accredited Estate Planner, and completed MBA Phase I curriculum.

David W. Stevens

David W. Stevens

David has over 30 years of tax experience providing state and local consulting to clients, CPA firms and Law firms. He practices exclusively in state and local tax matters. His focus is in income and franchise tax, sales and use tax, business incentives and state credits and advocacy/controversy matters. David has served a broad range of industries including manufacturing and distribution, telecommunications, healthcare, construction, energy and technology industries. David has worked for two international firms, regional firms and currently manages a private multi-state tax consulting practice in Mississippi. He is a former director of the Mississippi State Tax Commission's Sales Tax Division.