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Husson University to Host the 42nd Annual Frank M. Carter Tax Institute

Published on: December 12, 2014

BANGOR, MAINE - Husson University announced today that it will host the 42nd Annual Frank M. Carter Tax Institute on its campus in Bangor, Maine at the Richard E. Dyke Center for Family Business on Friday, December 12. 

This annual event, co-sponsored by Husson University and the Penobscot County Bar Association, is designed to provide tax practitioners with the most current information available about the tax and legislative changes affecting their practices and their clients in the upcoming year. The day provides attendees with the opportunity to earn education credits. Tax Institute participants can earn up to 8 hours of continuing professional education (CPE) credits and 6.5 hours of continuing legal education (CLE) credits, including 1 hour of ethics credit.

Nancy Forster-Holt, Ph.D., executive director of entrepreneurship and executive development at Husson University noted that it is important for attorneys, accountants and financial planning professionals to fully understand the implications of the latest regulations, tax changes and trends. 

“Besides fulfilling licensing requirements, staying current helps these financial advisors create value for clients while enhancing the effectiveness of their practices. To accomplish this, we stepped up the content and included presentations with even more information and insight into the issues affecting tax professionals and their clients. In addition, this year’s Tax Institute will feature the many presenters who made last year’s event such a success. The combination of enhanced content, exceptional presenters and enthusiastic attendees will make this year’s Tax Institute both lively and engaging,” said Forster-Holt.

Topics to be covered at the 42nd Annual Frank M. Carter Tax Institute include:

• Business Expenses and the S Corporation: Martha Broderick, JD, Professor, UMaine Business School will discuss elements of S Corporations which continue to be the most popular business entity in the U.S. today.

• Employee Stock Ownership Plans (ESOPs): Susan Scherbel, JD, will discuss how ESOPs can be used effectively as a liquidity and financing tool.

• Maine Estate Taxes: This will have a discussion on regulatory updates, cases, and best practices. It will also include an overview on estate planning issues for a married couple with a potentially taxable estate. Presentations by Heather Popadak, CPA, from Maine Revenue Services and Jeff Jones, JD, of Jones, from Kurliff and Sargent LLC.

• Federal Tax Update: Justin Coffin, JD, CPA, a tax account with MacDonald Page, will talk about legislative changes and touch on topics being seen in practice such as non-profits, passive activity rules, TARS, and the net investment income tax.

• Maine’s Board of Tax Appeals: Robert Creamer, JD will cover the several changes made to Maine’s tax statutes during the most recent legislative session. He will also review a number of tax cases recently decided by the Maine Courts and the Board of Tax Appeals, and discuss what they mean for both taxpayers and practitioners.

• Retirement Plans for Small Businesses: This informative session will provide information about retirement plan alternatives and their associated tax complexities by Bill Enck, CPA, CPC, APA, and Roger Prince, JD, APA, both Senior Managers with BerryDunn.

• Professional Ethics: John Michaud, director of the School of Legal Studies at Husson University will discuss ethical lapses, their possible causes and the need for high ethical standards in business dealings. 

The registration fee is $135 for the full day or $85 for a half day. This includes presentation materials, lunch and snacks for both options. Registration begins at 7:30 am with the full-day program running from 8:00 AM – 4:30 PM. 

The event is open to financial professionals and the public. Registration information, including details on payment and directions to the campus, can be found at Registrations will also be accepted at the door. For more information, please contact Dr. Nancy Forster-Holt at (207) 404-5699 or via e-mail at

For more than 100 years, Husson University has prepared future leaders to handle the challenges of tomorrow through innovative undergraduate and graduate degrees. With a commitment to delivering affordable classroom, online and experiential learning opportunities, Husson University has come to represent superior value in higher education. Our Bangor campus and off-campus satellite education centers in Southern Maine, Wells and Northern Maine provide advanced knowledge in business; health and education; pharmacy studies; science and humanities; as well as communication. In addition, Husson University has a robust adult learning program. For more information about educational opportunities that can lead to personal and professional success, visit

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