Tuesday, September 24, 2019 from 8:30 am to 12:00 pm
Location: John Carver Inn, Plymouth MA
Host: Massachusetts Association of Accountants
Speaker: Cory J. Bilodeau, Esq., LL.M.
Topics: At Risk Basis and Passive Activity
At Risk Basis and Passive Activity: To deduct losses from a business activity, a taxpayer must satisfy several tax prerequisites. A taxpayer must generally (1) have basis, (2) be at risk, and (3) the activity must not be passive. Each of these fundamental concepts is critical to the function of the federal income tax system. Basis measures a taxpayer’s economic investment in property to provide the measuring tool for determining gain or loss. The at risk rules limit the deductibility of losses from an activity to the amount with respect to which a taxpayer is “at risk” (i.e., the dollar amount a taxpayer could lose from their own pocket if the activity became worthless). The at risk rules cast a wide net and apply to individuals and closely held C-corporations. While partnerships and S-corporations are not subject to the at risk rules at the entity level, the at risk rules do apply to individual partners and shareholders of these pass-through entities. The passive loss rules limit a taxpayer’s ability to use losses from one activity to offset income from other activities. Initially enacted in 1986 to curb investment in tax shelters, the passive activity rules apply to individuals (including partners and s-corporation shareholders), trusts, estates, and closely held C-corporations. The goal of the passive activity rules is to isolate income earned by activities in which a taxpayer does not materially participate (e.g., rental real estate) to ensure that losses from passive activities cannot be used to offset income from other sources (e.g., wages). Understanding each of these unique sets of tax rules is critical to advising clients. This seminar will provide an overview of these rules, colored with analysis of recent Court decisions such as Barbara v. Commissioner in which the Court applied a facts and circumstances test to determine that the taxpayer materially participated in a lending business and was entitled to claim losses generated by the business to offset income from other sources.
Click on the Link to Register: www.maacct.org/maa/cpe or contact Maria G. Burns, Executive Director via email at
Thursday, October 10, 2019 from 6:00 pm to 9:00 pm
Location: RI College, Clarke Science Building – Room 128
Host: CPE Associates, Inc.
Speaker: Cory J. Bilodeau, Esq., LL.M.
Topics: Hot Tax Topics After the Tax Cut and Jobs Act and Other Updates
Hot Topics After the 'Tax Cuts and Jobs Act' and Other Updates: The Treasury Department and state taxing authorities continue to publish regulatory guidance effecting changes enacted by the Tax Cuts and Jobs Act. Meanwhile, the Internal Revenue Service and Courts continue to issue rulings and decisions clarifying important tax issues. In this seminar, Cory J. Bilodeau, Esq., LL.M., will delve into recent regulatory, administrative, and judicial guidance impacting taxpayers and their advisors to address these ‘hot topics’ in taxation. This seminar will provide updates on recent federal and state tax cases as well as administrative and regulatory guidance impacting tax planning in 2019 and beyond.
To Register: Please contact Everett A. Marabian at (401) 944-4990.
Thursday, October 24, 2019 from 6:00 pm to 9:00 pm
Location: RI College, Clarke Science Building – Room 128
Host: CPE Associates, Inc.
Speakers: Thomas P. Quinn, Esq. and Kathryn S. Windsor, Esq.
Topics: Regarding IRS Collections and Audits – What you Need to Know
Hot Topics After the 'Tax Cuts and Jobs Act' and Other Updates: The Treasury Department and state taxing authorities continue to publish regulatory guidance effecting changes enacted by the Tax Cuts and Jobs Act. Meanwhile, the Internal Revenue Service and Courts continue to issue rulings and decisions clarifying important tax issues. In this seminar, Cory J. Bilodeau, Esq., LL.M., will delve into recent regulatory, administrative, and judicial guidance impacting taxpayers and their advisors to address these 'hot topics' in taxation. This seminar will provide updates on recent federal and state tax cases as well as administrative and regulatory guidance impacting tax planning in 2019 and beyond.
To Register: Please contact Everett A. Marabian at (401) 944-4990.
Monday, November 4, 2019 from 2:45 pm to 4:45 pm
Location: Hotel 1620, Plymouth MA
Host: Massachusetts Association of Accountants
Speakers: Thomas P. Quinn, Esq. and Kathryn S. Windsor, Esq.
Topics: Regarding IRS Collections and Audits – What you Need to Know
In this panel discussion, Thomas P. Quinn, Esq., Partner, McLaughlinQuinn LLC and Kathryn S. Windsor, Esq., Senior Tax Counsel, McLaughlinQuinn LLC will discuss IRS collection and audit trends and how they apply in real world client situations. Panel topics will include Offers in Compromise - "Pennies on the Dollar" Settlements - Fact vs Fiction; the use of streamlined installment agreements; IRS collection priorities and trends; the IRS appeals process and protecting your client’s appeal rights; and federal audit trends and audit reconsideration. The panel will present practical solutions to complex scenarios to assist practitioners in navigating IRS audit and collection matters. Audience questions and participation is encouraged. Ample time will be provided to address participant questions.
Click on the Link to Register: www.maacct.org/maa/cpe or contact Maria G. Burns, Executive Director via email at
Monday, November 11, 2019 from 2:45 pm to 4:45 pm
Location: Courtyard Marriott, Marlboro MA
Host: Massachusetts Association of Accountants
Speakers: Thomas P. Quinn, Esq. and Kathryn S. Windsor, Esq.
Topics: Regarding IRS Collections and Audits – What you Need to Know
In this panel discussion, Thomas P. Quinn, Esq., Partner, McLaughlinQuinn LLC and Kathryn S. Windsor, Esq., Senior Tax Counsel, McLaughlinQuinn LLC will discuss IRS collection and audit trends and how they apply in real world client situations. Panel topics will include Offers in Compromise - "Pennies on the Dollar" Settlements - Fact vs Fiction; the use of streamlined installment agreements; IRS collection priorities and trends; the IRS appeals process and protecting your client’s appeal rights; and federal audit trends and audit reconsideration. The panel will present practical solutions to complex scenarios to assist practitioners in navigating IRS audit and collection matters. Audience questions and participation is encouraged. Ample time will be provided to address participant questions.
Click on the Link to Register: www.maacct.org/maa/cpe or contact Maria G. Burns, Executive Director via email at
Friday, November 15, 2019 from 8:00 am to 12:00 pm
Location: Seekonk MA
Host: Boston Tax Institute
Speaker: Cory J. Bilodeau, Esq., LL.M.
Topic: Partnerships, Partners and LLCs
Partnerships, Partners and LLCs: Topics include an overview of partnership taxation beginning first with choice of entity considerations and then following a partnership through its lifecycle as a business venture. This seminar will cover the formation of a partnership, contributions of money and property, structural considerations affecting partnership allocations, distributions, sales and exchanges of partnership interests, and wind up of the partnership as a business entity. The coverage of each topic will address fundamental concepts, practical application, and seminal/recent case law affecting “hot” areas of partnership taxation including the Tax Cuts and Jobs Act. Click on the Link to Register: bostontaxinstitute.com or contact Lucien P. Gauthier, Esq., CPA via email at
Friday, November 15, 2019 from 1:00 am to 5:00 pm
Location: Seekonk MA
Host: Boston Tax Institute
Speaker: Cory J. Bilodeau, Esq., LL.M.
Topic: Opportunity Zone: How to Reduce Taxes and Invest Locally
Opportunity Zone: How to Reduce Taxes and Invest Locally is a ½ day seminar (4 Credits) led by Cory J. Bilodeau, Esq., LL.M. The landmark tax reform efforts of 2017 ushered in new Internal Revenue Code Sections 1400Z-1 and 1400Z-2. These late additions to the tax reform effort create a powerful tax saving tool designed to redirect investor capital into low income communities. We will discuss the Opportunity Zone program, the tax benefits it offers, and the various requirements necessary to invest. This seminar will provide practical guidance to implement Opportunity Zone planning in 2019 and beyond including: a detailed analysis of the Opportunity Zone Proposed Regulations; a discussion of the tax benefits offered by the Opportunity Zone legislation including both income tax deferrals and exclusions; guidance to identify what taxable gains can be deferred through Opportunity Zone investments and how to achieve deferral; strategies for structuring Opportunity Funds – Proposed Treasury Regulations extend this exciting opportunity to a wide class of taxpayers; strategies for identifying and structuring real estate investments in Opportunity Zones – including compliance with the new Proposed Regulations’ working capital rules; who can and how to establish an Opportunity Fund; and much more. Click on the Link to Register: bostontaxinstitute.com or contact Lucien P. Gauthier, Esq., CPA via email at
Monday, November 18, 2019 from 2:45 pm to 4:45 pm
Location: Four Points by Sheraton, Wakefield MA
Host: Massachusetts Association of Accountants
Speakers: Thomas P. Quinn, Esq. and Kathryn S. Windsor, Esq.
Topics: Regarding IRS Collections and Audits – What you Need to Know
In this panel discussion, Thomas P. Quinn, Esq., Partner, McLaughlinQuinn LLC and Kathryn S. Windsor, Esq., Senior Tax Counsel, McLaughlinQuinn LLC will discuss IRS collection and audit trends and how they apply in real world client situations. Panel topics will include Offers in Compromise - "Pennies on the Dollar" Settlements - Fact vs Fiction; the use of streamlined installment agreements; IRS collection priorities and trends; the IRS appeals process and protecting your client’s appeal rights; and federal audit trends and audit reconsideration. The panel will present practical solutions to complex scenarios to assist practitioners in navigating IRS audit and collection matters. Audience questions and participation is encouraged. Ample time will be provided to address participant questions.
Click on the Link to Register: www.maacct.org/maa/cpe or contact Maria G. Burns, Executive Director via email at
Wednesday, November 20, 2019 from 8:00 am to 5:00 pm
Location: Seekonk MA
Host: Boston Tax Institute
Speaker: Cory J. Bilodeau, Esq., LL.M.
Topic: Federal Income Tax of Real Estate
Federal Income Tax of Real Estate: Topics include a discussion regarding the importance of basis and adjusted basis, holding period, and classification of real estate; choice of entity for real estate owners, investors and developers and the tax implications of owning real estate in various entity types including LLCs and corporations; special tax issues for real estate including an update on 1031 exchanges and the current trends in exchanging, tax planning for real estate developers in order to achieve long-term capital gain, cancellation of indebtedness, installment sales, and involuntary conversions; investing in real estate through self-directed IRAs; a discussion of the most recent court decisions affecting real estate owners; other tax topics and planning strategies that are relevant to real estate owners, and much more.
Click on the Link to Register: bostontaxinstitute.com or contact Lucien P. Gauthier, Esq., CPA via email at
Wednesday, December 4, 2019 from 8:00 am to 12:00 pm
Location: Hyatt House, Waltham MA
Host: Boston Tax Institute
Speaker: Cory J. Bilodeau, Esq., LL.M.
Topic: Federal Income Tax of Real Estate
Federal Income Tax of Real Estate: Topics include a discussion regarding the importance of basis and adjusted basis, holding period, and classification of real estate; choice of entity for real estate owners, investors and developers and the tax implications of owning real estate in various entity types including LLCs and corporations; special tax issues for real estate including an update on 1031 exchanges and the current trends in exchanging, tax planning for real estate developers in order to achieve long-term capital gain, cancellation of indebtedness, installment sales, and involuntary conversions; investing in real estate through self-directed IRAs; a discussion of the most recent court decisions affecting real estate owners; other tax topics and planning strategies that are relevant to real estate owners, and much more.
Click on the Link to Register: bostontaxinstitute.com or contact Lucien P. Gauthier, Esq., CPA via email at
Wednesday, December 4, 2019 from 1:00 am to 5:00 pm
Location: Hyatt House, Waltham MA
Host: Boston Tax Institute
Speaker: Cory J. Bilodeau, Esq., LL.M.
Topic: Opportunity Zone: How to Reduce Taxes and Invest Locally
Opportunity Zone: How to Reduce Taxes and Invest Locally is a ½ day seminar (4 Credits) led by Cory J. Bilodeau, Esq., LL.M. The landmark tax reform efforts of 2017 ushered in new Internal Revenue Code Sections 1400Z-1 and 1400Z-2. These late additions to the tax reform effort create a powerful tax saving tool designed to redirect investor capital into low income communities. We will discuss the Opportunity Zone program, the tax benefits it offers, and the various requirements necessary to invest. This seminar will provide practical guidance to implement Opportunity Zone planning in 2019 and beyond including: a detailed analysis of the Opportunity Zone Proposed Regulations; a discussion of the tax benefits offered by the Opportunity Zone legislation including both income tax deferrals and exclusions; guidance to identify what taxable gains can be deferred through Opportunity Zone investments and how to achieve deferral; strategies for structuring Opportunity Funds – Proposed Treasury Regulations extend this exciting opportunity to a wide class of taxpayers; strategies for identifying and structuring real estate investments in Opportunity Zones – including compliance with the new Proposed Regulations’ working capital rules; who can and how to establish an Opportunity Fund; and much more.
Click on the Link to Register: bostontaxinstitute.com or contact Lucien P. Gauthier, Esq., CPA via email at
Friday, December 6, 2019 from 8:00 am to 5:00 pm
Location: Providence Marriott - Downtown
Host: McLaughlinQuinn LLC
Speakers and Topics: (to be announced)
23rd Annual Federal and State Tax Update (additional information and registration will be available in mid September 2019)