This is an online webinar series, not an event at the Eide Bailly Mankato office.
Changing Tax Legislation in the Biden Budget
This Event Occurred in the Past.
While new credits, changes in international taxation and possible tax increases have long been rumored to be part of the Biden administration’s legislative goals, specific details have been lacking. In late May, the president’s budget is scheduled to be released. At that time the “Treasury Green Book,” a detailed description of the tax proposals included in the budget, is also expected. Issues including proposed effective dates, cut-off and phase-in amounts for rate increases and the application of the proposals in more complicated situations are expected to be addressed.
Eide Bailly’s tax legislation team, along with National Tax office specialists, will examine this new information, explore the potential impact it could have on individuals and businesses, and discuss how it may influence future legislation.
Review President Biden’s tax proposals in light of the additional details in the “Treasury Green Book.”
Identify potential impacts on individuals and businesses.
Outline what comes next.
Discuss how to prepare for potential changes.
Mel Schwarz, JD, CPA, Director of Legislative Affairs | Eide Bailly
Mel has over 37 years of experience specializing in legislative affairs, including development and implementation of tax legislation at the national level. He spent six years on the staff of the Joint Committee on Taxation and has served as the chairman of the Tax Legislation Committee of the AICPA. He spends his time at the capitol meeting with legislators, listening in on updates impacting tax processes and procedures and providing timely updates and education on issues and opportunities impacting clients. He is a sought-after speaker for many AICPA, TEI and FEI conferences.
Adam Sweet, J.D., LL.M., Principal-in-Charge of Passthrough Entity Consulting | Eide Bailly
Adam has extensive knowledge in the area of partnership tax, including interpreting partnership agreements, allocation and distribution provisions, and issuing profits interests. He is also experienced with both the buying and selling sides of domestic and foreign joint ventures, as well as a variety of IRS controversy matters, including IRS exams and appeals hearings. Adam is also part of Eide Bailly’s Opportunity Zone and Paycheck Protection Program working groups.
Shannon Lemmon, CPA, Partner-in-Charge of International Tax | Eide Bailly
Shannon leads the firm’s International Tax team with more than 20 years of public accounting experience and a diverse background in both the consultative and compliance service areas of international tax. She is experienced in the areas of inbound and outbound international tax planning and compliance issues for both companies and their shareholders. Shannon works closely with HLB International member firms to assist clients with international structuring and identifying tax efficient entry into new markets. She is responsible for assisting clients, educating staff and providing thought leadership on a variety of international tax matters.
Ava Archibald, EA, Principal-in-Charge of Wealth Transition Services | Eide Bailly
Ava specializes in helping clients plan for the future success and prosperity of their businesses and families. Since 2006, she has provided Eide Bailly clients with her expertise in transition and estate planning, as well as gift and fiduciary compliance and overall financial planning. Ava provides estate, gift and fiduciary compliance, and tax planning services with a special emphasis in wealth transfer and estate planning. She assisted clients with the development and execution of their estate plan and advised clients on establishing lifetime gifting strategies such as the use of GRATs, IDGTs, charitable trusts, family partnership and sales to grantor trusts. Ava also presents in educational workshops and seminars on estate, gift and fiduciary tax and wealth transition opportunities.
Jay Heflin, Senior Manager | Eide Bailly
Jay brings more than two decades of legislative experience to his job as Assistant Director of Tax Legislative Affairs in Eide Bailly’s Washington D.C. office. In his current position, Jay provides political intelligence and tax legislative guidance to the firm on the progress of tax legislation on Capitol Hill. Prior to joining the firm, he was a director at the tax lobbying shop Federal Policy Group, LLC, where he tracked tax legislation in Congress and participated in lobbying efforts to amend tax legislation. Before joining the Federal Policy Group, he was a Congressional reporter for several news organizations where his beat was tax policy. Prior to becoming a reporter, Jay worked as an accountant where he worked in tax. He graduated from Butler University with a B.S. in Accounting.
CPE Credit: 1
Field of Study: Taxes
Level of Knowledge: Updates
Delivery Method: Group-Internet Based
Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Amy DeGeorge.