The Ninth Annual George Mason University
Tax & Accounting Conference
November 17, 2014 at 12:30 to 6:30 p.m.
The annual George Mason University Tax & Accounting Conference provides a forum for accountants, auditors, audit committee members, corporate attorneys, CFOs, and members of academia to hear first hand from expert speakers about the latest trends in accounting and auditing. This year's conference is your opportunity to hear about the current and widely debated accounting and tax topics including the following:
- Recently, Senate Democrat, Charles Schumer announced that he will introduce legislation to restrict inversions. Other lawmakers are considering combining anti-inversion legislation with significant corporate tax reforms and other tax breaks to increase the likelihood of success. Will these efforts be successful? What is in the horizon for corporate tax reforms?
- Explore the latest on fraud prevention and detection. Learn about common forms of fraud such as earnings management, or outright fraud such as misappropriation of assets, embezzlement, and theft of cash. Become familiar with internal audit procedures and specific techniques of fraud detection. Hear about real world cases from experts who handled those cases. Find out if your organization and staff should undergo fraud prevention training!
- Are you up to date on the latest FBAR and FATCA regulations? Is the "secret Swiss bank account" now an endangered species? Must you disclose? File a "quiet" disclosure? Elect OVDP? Streamlined? Or just give up completely, lost in the Brave New World of IRS TLAs (Three Letter Acronyms)? The Foreign Bank Account Report (FBAR) is now 32 years old, but until 2009, few taxpayers knew about it. What a difference 5 years makes. Since then, the IRS has published four "disclosure" programs, the latest of which started July 1, 2014. Each has multiple layers, forms, considerations, and FAQs – and even those do not answer all the questions. Attend the conference and explore such topics as:
- "Kovel" letters
- The Offshore Voluntary Disclosure Program
- The "Streamlined" Program
- The DOJ "amnesty" program for Swiss banks
- Transition Relief
- IRM provisions regarding voluntary disclosure
- IRM provisions regarding "willful" and "non-willful" conduct
- Soup to nuts outline and timeline of a disclosing taxpayer – from intake to closing letter
- Do you have clients who are close to retirement? Have they asked you:
- Will Social Security be there for me?
- How much can I expect to receive?
- When should I apply for Social Security?
- How can I maximize my benefits
- At this conference, you will learn important rules and strategies to maximize Social Security retirement benefits. Specifically, you will be able to answer your clients' questions about:
- How their benefit will be affected by the age at which they apply
- How cost-of-living adjustments, or COLAs, affect benefits
- How spousal benefits work
- How survivor benefits work
- How divorced-spouse benefits work
- How working affects benefits
- How benefits affect taxes
- What to do if you have other income from pensions or IRAs
- The decisions your clients make today can have a tremendous bearing on the total amount of benefits they receive over their lifetime.
- Other topics addressed at the conference are:
- AICPA's new financial reporting framework for small and medium sized companies
- Going Public: What are some typical issues that arise during the process
- Virginia required Ethics Course