Federal Income Tax Update Part II
Joseph P. Nicola, Jr., JD, CPA, CVA

2 CPE/CPD in Tax

A CASE STUDY IN TAX REFORM, FEATURING SECTIONS 199A and 163(j)

Presented by Joseph P. Nicola, Jr., JD, CPA, CVA


This session constitutes the second and final installment of Joe’s miniseries on taxation.  Specifically, Joe will address various requests of the core tax team leaders.  Most significantly, Joe will walk through a case study involving the application of Section 199A, Section 163(j), and other relevant provisions of tax reform that were particularly troubling during the most recent tax season.  In this vein, Joe will also tell us about his understanding of where Chief Counsel is headed in certain areas of guidance.  Finally, Joe will close by presenting a bit of tax ethics, a subject with respect to which he is uniquely qualified to address.

Learning Objectives

To apply certain aspects of tax reform in a case study setting
To understand why the IRS’ tax reform guidance feel short in certain respects

To understand the application of Sections 163(j) and 199A in the context of a pass-through
To learn the direction Chief counsel in headed in its guidance on tax reform
To apply a touch of ethics

Speaker Bio
Joseph P. Nicola, Jr.Joseph P. Nicola, Jr., CPA, JD, CVA
Partner
Sisterson & Co., LLP

Joe has more than 25 years of experience in public accounting. Joe has experience in many diverse areas of taxation, including the taxation of and planning for various forms of business entities, such as corporations, partnerships, and limited liability companies. He also has considerable experience with individual income taxation. Joe is particularly experienced in federal and multistate tax matters that affect numerous industries, including natural resources, manufacturing, distribution, high technology, securities, and start-up businesses. He has consulted on technically complex matters, such as succession planning, corporate reorganizations, employee stock options, securities derivatives, partnership reorganizations and liquidations, and international tax matters.
 
While in public practice, Joe also served for many years as an adjunct member of the faculty at Duquesne University’s MBA and Master of Science in Accountancy programs, as well as with Robert Morris University's Master of Science in Taxation program.  His course load included Corporate Taxation, Advanced Corporate Taxation, Reorganizations (Mergers and Acquisitions), Taxes as a Basis for Managerial Decisions, Taxation of Property Dispositions, and Taxation of Derivatives.  He is a published author of CPE/CLE texts and industry articles.  Joe now teaches Tax Levels 2, 3 and 4 for the AGN Advance Professional Development Program.
 
Joe’s background also includes significant experience in ERISA and employee benefits, as well as representation before the Internal Revenue Service and Department of Labor.  He also has significant litigation support experience, including civil litigation, family law practice, criminal tax defense, and pre-trial assistance (such as assistance in the discovery and deposition process).
 
Joe received his B.S. in Business Administration from Robert Morris University in Pittsburgh, and his Juris Doctor from the University of Pittsburgh School of Law.
 
He is a Certified Public Accountant, Licensed Attorney, and a Certified Valuation Analyst.

   Joseph P. Nicola, Jr., CPA, JD, CVA
Tax Partner
Sisterson & Co. LLP
   
   Joe Nicola is a Tax Partner with Sisterson & Co., LLP in Pittsburgh, PA. He has more than twenty-five years of experience in public accounting. Joe has experience in many diverse areas of taxation, including the taxation of and planning for various forms of business entities, such as corporations, partnerships, and limited liability companies. He also has considerable experience with individual income taxation. Joe is particularly experienced in federal and multistate tax matters that affect numerous industries, including natural resources, manufacturing, distribution, high technology, securities, and start-up businesses. He has consulted on technically complex matters, such as succession planning, corporate reorganizations, employee stock options, securities derivatives, partnership reorganizations and liquidations, and international tax matters.

While in public practice, Joe also served for many years as an adjunct member of the faculty at Duquesne University's MBA and Master of Science in Accountancy programs, as well as with Robert Morris University's Master of Science in Taxation program. His course load included Corporate Taxation, Advanced Corporate Taxation, Reorganizations (Mergers and Acquisitions), Taxes as a Basis for Managerial Decisions, Taxation of Property Dispositions, and Taxation of Derivatives. He is a published author of CPE/CLE texts and industry articles.

Joe's background also includes significant experience in ERISA and employee benefits, as well as representation before the Internal Revenue Service and Department of Labor. He also has significant litigation support experience, including civil litigation, family law practice, criminal tax defense, and pre-trial assistance (such as assistance in the discovery and deposition process).

Joe received his B.S. in Business Administration from Robert Morris University in Pittsburgh, and his Juris Doctor from the University of Pittsburgh School of Law.

He is a Certified Public Accountant, Licensed Attorney, and a Certified Valuation Analyst.