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CLE Course Offers Deep Dive Into New Tax Law and Developing Regulations

October 29, 2018

Tony Nitti

The year 2018 is one of unprecedented change for tax professionals and their clients due to the passage of the Tax Cuts and Jobs Act and the still evolving state of regulatory guidance just months before the beginning of tax season.  

On November 29, join nationally known tax policy commentator Tony Nitti for the D.C. Bar CLE Program’s 2018 Tax Law Update, a unique opportunity for tax attorneys and tax CPAs to come together to both share and gain perspective about the most sweeping tax law changes in 30 years. This class will bring you fully up to speed on the changes, including the specific areas of the law likely to drive tax disputes and Internal Revenue Service audit activity. 

“Interpreting the new tax law is going to be a continual game of one step forward, two steps back,” says Nitti, a partner at WithumSmith+Brown, P.C. best known to many for his Forbes blog “Taxes: The Nitti Gritty.” “What guidance we have is full of limitations, exceptions, and exceptions to exceptions, and what we think we know or can predict shifts as new guidance is released. But we do know one thing: Tax season is coming whether we are ready for it or not, so now is the time to get as ready as it’s possible to be in this situation.” 

Proposed regulations issued on October 19 on the new Qualified Opportunity Zone Credits are fraught with complexity, deferral options, limitations, and certification requirements, Nitti says. These new regulations come at a time when tax advisers are still grappling with interpreting the extremely complex guidance released in July on the new Section 199A deduction and awaiting guidance on many other aspects of the law. 

In recent months, Nitti, a co-author of the CCH Expert Treatise Library: Corporations Filing Consolidated Returns, has been helping attorneys and CPAs nationwide to understand the 2018 tax landscape and to apply the new law to client scenarios that present significant opportunity or risk.  

During the seminar, he will share practical guidance on the many opportunities, potential pitfalls, and grey areas in the law based on his own research and practice, as well as on conversations with other tax policy experts and tax advisors nationwide. 

William Sanderson, co-chair of McGuireWoods LLP’s private wealth services group and a member of the firm’s fiduciary advisory services practice, will moderate the program. 

This full-day seminar takes place November 29 at the D.C. Bar headquarters, 901 4th Street NW, and offers CLE, CPE, and CFP credits. CPE and CFP credits will be sponsored by WithumSmith+Brown, a member of the National Registry of CPE sponsors. 

Unable to make it in person? Keep up with the conversation by signing up for the webinar.