67th Annual Montana Tax Institute

2019 Tax Institute Banner

 

Dates: Friday, October 25 - Saturday, October 26, 2019
Location: DoubleTree Hotel - Missoula, MT

Learn from some of the nation’s tax experts! The 67th Annual Montana Tax Institute, taking place October 25-26, 2019, at the Doubletree Hotel in Missoula, features a distinguished faculty of tax practitioners and scholars. Join us to learn about a broad range of topics* and the impact of recent tax developments from the nation’s foremost experts on tax and estate planning.

Registration: Register here

The registration fee for the 67th Annual Montana Tax Institute is $375 if received by September 30. After September 30, the registration fee is $425. This fee covers tuition, electronic presentation outlines, lunch on Friday, and the continental breakfasts on Friday and Saturday. Please note: program materials will be available electronically to ALL attendees; printed booklets are available for an additional $50. 

TaxInstitute2019.PNG

CLE/CTE Credits Approved

American Bankers Association CTFA: 14.5
Montana State Bar: 11.75 = 1.00E 10.75G
Washington State Bar: 11.75
...others pending approval

  • An IRS Update
    Michael Desmond, Chief Counsel of the Internal Revenue Service, Washington, D.C.
  • The Land of OZ: Opportunity Zones, Balloon or Bust? 
    Ramsay Slugg, Bank of America, Fort Worth, Texas
  • Annual Income Tax Update
    Sam Donaldson, Georgia State University College of Law, Atlanta, Georgia
  • Current Developments in Corporate and Partnership Taxation
    Bruce McGovern, South Texas College of Law Houston, Houston, Texas
  • Annual Estate Planning Update
    Clary Redd, Stinson Leonard Street, LLP, St. Louis, Missouri
  • Review of the Past Year’s Significant, Curious, or Downright Fascinating Fiduciary Cases 
    Dana Fitzsimons, Bessemer Trust, Atlanta, Georgia
  • Married, Divorced and Remarried, Planning for Changes in Life
    James Delaney, University of Wyoming College of Law, Laramie, Wyoming, and Elaine Gagliardi, Alexander Blewett III School of Law, Missoula, Montana
  • Working with Montana’s Charitable Foundations to Meet Client Goals 
    Amy Sullivan and Nick Dietzen, Montana Community Foundation, Missoula, Montana
  • Forget the Cold Winters, I’m Moving to Somewhere Warm: Avoiding Ethical Pitfalls When Clients Relocate
    Darren Case
    , Tiffany & Bosco, P.A., Phoenix, Arizona
  • Conservation Easements Sold and Given: Tax and Practical Considerations in Bargain Sale and Donated Easements David Dietrich, Dietrich and Associates, P.C., Billings, Montana, and Christian Dietrich, Montana Land Reliance, Helena, Montana
  • It’s All ‘Bout That Basis 
    Lester Law, Franklin Karibjanian & Law PLLC, Naples, Florida
  • Tax Planning Opportunities in Business Exit Planning
    John Brown, Business Enterprise Institute, Inc., Denver, Colorado

*Agenda subject to change. 

More information, including a detailed agenda, can be viewed below or on the 67th Annual Montana Tax Institute Brochure (pdf).


GENEROUSLY SUPPORTED BY:
First Interstate Bank logo Montana Community Foundation logo US Bank logo Wells Fargo logo D.A. Davidson Logo

Printed Program Booklets

New this year! The program materials will be available electronically to ALL attendees. If you wish for a PRINTED copy of the materials available for pick-up at the conference, this option is available for an additional $50. Please select this option during check-out page of the registration site. Printed booklets MUST be pre-purchased; copies will not be available for purchase onsite.

Refunds

A full refund is available if the cancellation is received by October 11, 2019. Cancellations will be refunded less a $50 processing fee if received after October 11, 2019. Cancellations will not be accepted after October 18, 2018. Attendee substitutions are welcomed.

Lodging Information

Room blocks with a discounted rate have been set up at the following hotels. While it is not necessary to make your reservation in the event room blocks, we encourage you to make a room reservation as soon as possible. 

Hotel Room Blocks

DoubleTree by Hilton Hotel Missoula - Edgewater
100 Madison Street
Missoula, Montana 59802

Reservations by phone:
(406) 728-3100
Group name: "Montana Tax Institute"

Holiday Inn Downtown Missoula
200 South Pattee Street
Missoula, Montana 59802

Room Block Online Reservation

Reservations by phone:
(406) 721-8550
Group name: "MTI - Montana Tax Institute"

Residence Inn Missoula
125 North Pattee Street
Missoula, Montana 59802

Room Block Online Reservation

Reservations by phone:
(406) 542-6252
Group name: "Montana Tax Institute"

Griz Football

Griz Football takes on Eastern Washington on Saturday, October 26. Visit GrizTix or call (406) 243-4051 (toll-free 888-MONTANA) to purchase tickets; tickets go on sale July 15, 2019.


2019 AGENDA

TaxInstitute2019.PNGDownload a printable version of the 2019 agenda here (pdf).

Friday, October 25, 2019

7:00 a.m.

Registration Opens

7:00 - 8:00 a.m.

CONTINENTAL BREAKFAST

Breakfast is generously hosted by:

BEI Square Logo

8:00 - 8:05 a.m.

Welcome and Introduction

Co-Director and Professor Elaine Gagliardi, Alexander Blewett III School of Law

8:05 - 9:05 a.m.

Review of the Past Year’s Significant, Curious, or Downright Fascinating Fiduciary Cases

Dana G. Fitzsimons, Jr.

This session reviews recent cases from across the country to assist fiduciaries and their advisors in identifying and managing contemporary challenges. This presentation discusses a range of subjects including powers of attorney, trust distributions, trust investment duties, accountings, and remedies and damages.

9:05 - 10:00 a.m.

Married, Divorced and Remarried, Planning for Changes in Life

James M. Delaney and Elaine Gagliardi

Recent legislation has impacted estate and tax planning for married couples. The only certainty is that planning for uncertainty becomes a must. The presentation addresses the impact of changes on estate and income tax planning for married couples and developing planning techniques.

10:00 - 10:15 a.m.

Break

10:15 - 11:00 a.m.

Working with Montana’s Charitable Foundations to Meet Client Goals

Amy Sullivan and Nick Dietzen

This presentation provides an opportunity to take a deep dive with planned giving professionals to explore Montana’s charitable landscape. The presentation discusses federal tax reform, Montana’s Charitable Endowment Tax Credit and how to protect your client when choosing a charity. Real Montana examples of gifts will be shown that are making a difference in the lives of Montanans and the donors who make those gifts. This is the perfect time to leverage Montana’s foundations to help offer clients that next level of care and expertise.

11:00 a.m. - 12:00 p.m.

It’s All ‘Bout That Basis

Lester B. Law

Unlike Meghan Trainor’s song, which is quite repetitive, and like her song, where she says she’s “gon’ take it to a whole other level,” Lester plans to not be repetitive in his presentation and introduce us to a higher level of understanding “tax basis.” The presentation focuses on some tax planning strategies which allow clients to take advantage of the tax basis rules (generally achieving stepping up the basis of assets) under sections 1014 and 1015. He also discusses some of the more complicated issues in tax basis today.

12:00 - 1:00 p.m.

LUNCH

The annual Tax Institute Luncheon is generously hosted by:

Crowley Fleck logo

1:00 - 2:00 p.m.

Forget the Cold Winters, I’m Moving Somewhere Warm: Avoiding Ethical Pitfalls When Clients Relocate

Darren T. Case

Too often clients and families of significant net worth permanently migrate to warmer weather climates. Considering that the estate planning attorney has worked with these clients for perhaps decades, it may be in the best interest for the clients to retain their cold weather estate planning attorney. However, in doing so there are many ethical, tax, estate planning, and practical issues that must be considered. This presentation provides ethical guidance on how attorneys should approach retaining and maintaining the attorney-client relationship across state lines. 

2:00 - 3:00 p.m.

An IRS Update

Michael J. Desmond

Taxpayers, and their representatives, interact with the IRS on behalf of clients in a myriad of ways. Michael Desmond, Chief Counsel of the IRS, provides an update regarding the impact of recent legislation on the structure and work flow of the IRS. He discusses current issues of interest to taxpayers and their representatives.

3:00 - 3:15 p.m.

Break

3:15 - 4:15 p.m.

Conservation Easements Sold and Given: Tax and Practical Considerations in Bargain Sale and Donated Easements

David J. Dietrich and Christian Dietrich

A conservation easement may be either granted for a charitable contribution or sold for cash or other consideration or a combination thereof. Partially due to the passage of open space bond issue laws at the local level, conservation easements more frequently have features of a “bargain sale” transaction. This presentation examines Bargain Sale Conservation Easements in the context of government program payments and recent tax developments in the area of conservation easements.

4:15 - 5:15 p.m.

Tax Planning Opportunities in Business Exit Planning

John H. Brown

The business exit is usually the most significant financial transaction of an owner’s life--one that requires significant tax planning to maximize enterprise value. Brown presents and assesses the multiple opportunities to design and deploy tax-minimization strategies during the business exit planning process.

5:15 - 6:00 p.m.

Reception

 

Saturday, October 26, 2019

7:00 a.m.

Continental Breakfast

Breakfast is generously hosted by:

Bloomberg Tax Logo

7:00 - 7:50 a.m.

BETTR Law Section of the State Bar Meeting

Annual meeting in the back of the seminar room.

8:00 - 9:00 a.m.

Annual Estate Planning Update

Charles “Clary” Redd

Recent proposed regulations to address the temporary increase in the basic exclusion amount have required planners to rethink planning strategies. This presentation addresses the implications of this development and the importance of recent cases and rulings on common estate planning practices and techniques.

9:00 - 10:00 a.m.

Annual Income Tax Update

Samuel A. Donaldson

Professor Donaldson returns with his annual overview of the important cases, rulings, regulations and legislation from the past 12 months affecting individuals. Move over Saturday Night Live, Saturday Morning Live is here!

10:00 - 10:15 a.m.

Break

10:15 - 11:15 a.m.

Current Developments in Corporate and Partnership Taxation

Bruce A. McGovern

In addition to significant regulations issued in response to the 2017 tax legislation, 2019 brings with it a number of developments in the areas of partnership and corporate taxation. This session reviews the most significant statutory enactments, judicial decisions, IRS rulings, and Treasury regulations promulgated during the last twelve months that affect the domestic income taxation of corporations and partnerships

11:15 a.m. - 12:15 p.m.

The Land of OZ: Opportunity Zones, Balloon or Bust?

Ramsay H. Slugg

The Opportunity Zone legislation enacted as part of the 2017 Tax Cuts and Jobs Act has the potential to bring significant economic benefit to impoverished areas of both urban and rural America, but it also has the potential to be no more than a tax and economic benefit for wealthy real estate developers. This presentation will explore the history, tax and legal requirements, economics and the societal potential of Opportunity Zones.

12:15 p.m.

Adjourn

 

ADDITIONAL SPONSORSHIP SUPPORT:

Power stations at the Montana Tax Institute are generously sponsored by:

 

USBankLogo_BW-125px.png

The Speaker Welcome Dinner is generously sponsored by:

Bessemer Trust Logo

The Speaker Dinner is generously sponsored by:

Campaign Montana - UM Foundation Logo