20 16 C O N T E N T S 10 ©2023 Nebraska Society of Certified Public Accountants | 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, 2023 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 6 Advocacy Advances the Profession By Joni Sundquist, Nebraska Society of CPAs STATE BOARD REPORT 10 State Board Resets Fees to 2014 Levels By Dan Sweetwood, Nebraska Board of Public Accountancy COUNSELOR’S CORNER 12 Optimizing Your Client’s Farm Lease By Nate Patterson & Nicholas Bjornson, Koley Jessen 14 The Use of Kovel Letters in Nebraska By Hannah Fischer Frey’ Jesse Sitz & Mychal McAdoo, Baird Holm LLP 16 The New Split-Interest QCD Rule By Bryan P. Robertson, JD, CPA 18 Six SECURE Act 2.0 Changes to Know in 2023 By Daniel F. Rahill, CPA/PFS, JD, LLM, CGMA STATE TAX BRIEFING 20 How to Comply With Nebraska Supreme Court Rules on the Unauthorized Practice of Law in Your State Tax Practice By Nick Niemann & Matt Ottemann, McGrath North Law Firm 26 Bearing the Risk of Client Retention By Accounting Practice Sales 28 Plan Charitable Giving for the Greatest Impact By Donna Kush, President & CEO, Omaha Community Foundation 30 Members in the News 32 Firms in the News 34 Welcome New Society Members! 35 In Memoriam
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