23 14 C O N T E N T S 8 ©2026 Nebraska Society of Certified Public Accountants | Memberlink Solutions DBA The newsLINK Group LLC. All rights reserved. The Nebraska CPA is published six times each year by The newsLINK Group LLC for the Nebraska Society of Certified Public Accountants and is the official publication for this society. The information contained in this publication is intended to provide general information for review, consideration and education. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the Nebraska Society of Certified Public Accountants, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or service advertised. Nebraska CPA is a collective work and as such some articles are submitted by authors who are independent of the Nebraska Society of Certified Public Accountants. While the Nebraska CPA encourages a first-print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact the publisher at (855) 747-4003. ISSUE 1, 2026 EDITORIAL: The Nebraska Society of CPAs seeks to reflect news and relevant information to Nebraska and other news and information of direct interest to members of the Nebraska Society of CPAs. Statement of fact and opinion are made on the responsibility of the authors alone and do not represent the opinion or endorsement of the Nebraska Society of CPAs. Articles may be reproduced with written permission only. ADVERTISEMENTS: The publication of advertisements does not necessarily represent endorsement of those products or services by the Nebraska Society of CPAs. The editor reserves the right to refuse any advertisement. SUBSCRIPTION: Subscription to the magazine, a bi-monthly publication, is included in membership fees to the Nebraska Society of CPAs. PRESIDENT’S MESSAGE 8 Advancing Opportunity. Strengthening the Profession. By Joni Sundquist, Nebraska Society of CPAs COUNSELOR’S CORNER 10 Limitations of Privilege in Valuation-Driven Planning By Nathan G. Patterson & Haley Faust Leise, Koley Jessen 12 Honor Roll for the Foundation of the Nebraska Society of CPAs Thank You for Supporting Future CPAs! 14 Honoring a Lifetime of Professional Commitment STATE TAX BRIEFING 15 An Update: Impact of LB644 on Existing Incentive Contracts By Nick Niemann & Matt Ottemann, McGrath North Law Firm 18 Buyer Beware: Successor Liability in Business Acquisitions By Hannah Fischer Frey, Carrie Schwab & Christopher Thorpe, Baird Holm LLP 20 Four Ways to Simplify Your Financial Life By Union Bank & Trust 21 Tax Court Reviews Estate Residue Transferee Liability By Bryan P. Robertson, CPA, JD, Trust Services Director, FNBO 23 Nebraska Department of Agriculture Programs Support Nebraska Farmers By Holle Evert, Nebraska Department of Agriculture 24 Making the Transition Work — It Takes Two By Accounting Practice Sales 26 AI Takes Center Stage at the AICPA National Tax Conference Insights & Reflections from the 50th Annual Event By Erica Parks, CPA, Forvis Mazars 28 AI’s Next Five Trends for 2026 What Organizations Need to Know By Chuck Gallagher 30 2026 NESCPA Advertiser Index 31 Welcome New Society Members 31 In Memoriam
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