TULANE TAX INSTITUTE - Tulane University Law … · TULANE TAX INSTITUTE 59 Wednesday, November 3,...
Transcript of TULANE TAX INSTITUTE - Tulane University Law … · TULANE TAX INSTITUTE 59 Wednesday, November 3,...
T U L A N E TA X I N S T I T U T E
59
Wednesday, November 3, 2010
Thursday, November 4, 2010
Friday, November 5, 2010
Westin New Orleans Canal Place
• Hearnationallyrecognizedtaxandestateplanninglegalpractitioners,lawprofessorsandaccountantspresentin-depthreviewsofnewtaxstatutes,regulationsanddecisions.
• Learntheimplicationsofnewandproposedtaxandestateplanninglegislationonyourpractice.
• JoinyourcolleaguesataspecialluncheonpresentationonthelatestdevelopmentsinWashington,DC
• Over18hoursofCLE/CPEcreditincludingProfessionalismandaspecialEthicspresentationbytheIRSDirectoroftheOfficeofProfessionalResponsibility
Wednesday, November 3, 20108:00-8:30 Registration
8:30-9:45 Recent Developments in the Taxation of Corporations and ShareholdersDaniel L. Simmons, ProfessorofLaw,UniversityofCaliforniaDavis,Davis,CA9:45-10:00 Break10:00-11:00Corporate Tax Planning After Expiration of Bush Tax Cuts
• Impactofchoiceofentityandplanningimplications• ProposedSection1202stockchanges• Self-employment/FICAtaxchanges• Pendingtaxrateproposals
Thomas J. Nichols,MeissnerTierneyFisher&Nichols,S.C.Milwaukee,WI
11:00-12:00Applying Economic Substance and Step Transactions Doctrine in Corporate Transactions
• Impactontaxplanning• Safeharbors?• The40%penalty• Proceduralissues
Jasper L. Cummings,Jr.,Alston&BirdLLP,Raleigh,NC
12:00 - 1:30 Lunch (on your Own)1:30-2:30 Current Issues in State and Local TaxationRobert W. Nuzum, Baker,Donelson,Bearman,Caldwell&Berkowitz,PC,NewOrleans,LA 2:30 - 3:30 Uncertain Tax Return Positions
• GeneralrequirementsofIRSproposedScheduleUTP
• Managingtaxriskbeyondthetaxdepartment• IncreasedaccountabilitybytheBoardandC-suite• PreparingforUTPdisclosure
Chester Abell,NationalDirectorofTaxAccrualandIFRSTaxServices,Ernst&YoungLLP,WashingtonDC 3:30-3:45 Break
3:45 - 4:45 Ethics: The Changing World of Tax Practice Ethics
• Currentconductissuesandfocus• Impendingregulationofalltaxreturnpreparers• ImportofrecentlyreleasedFinalAgencyDecisions
Karen Hawkins,Director,OfficeofProfessionalResponsibility,InternalRevenueService,Washington,DC
Thursday, November 4, 20108:30 - 9:45 Recent Developments in the Taxation of Individuals Sam Donaldson,ProfessorofLaw,UniversityofWashingtonSchoolofLaw,Seattle,WA 9:45-10:00 Break
10:00-11:00Allocating COD Income Among Partners
• Legalauthority• Considerationsforallocationamongpartnerswithdisparatetaxpositions
Bahar A. Schippel,Snell&WilmerLLP,Phoenix,AZ11:00-12:00Top Topics in S Corporations
• FinalregulationsonCODincomedeferralundersection108(i)
• Shareholderbasisforbacktobackloans• Self-employmenttaxissues• SubchapterShygieneandcomplianceissues
C. Wells Hall, III,MayerBrownLLP,Charlotte,NC 12:00-1:30 Luncheon Presentation: Update on Washington Legislative and Administrative Developments Eric Solomon, DirectorofNationalTax, Ernst&YoungLLP,Washington,DC 1:30-2:30 Structuring Buy/Sell Agreements
• Useoflifeinsurancefundingforbuy/sellagreements
• Partnershipownershipofinsurance–stateissues• Valuationmethodsandspecialuseassets• Thirdpartyguarentees• Trustownershipofcompanyequity
Richard S. Scolaro,Scolaro,Shulman,Cohen,Fetter&BursteinP.C.,Syracuse,NY
2:30-3:30 Tax Treatment of Costs in Acquisitions, Organizations and Reorganizations
• Sortingoutthedeductiblefromthecapitalizabletransaction-relatedcostsinareorganization
• AnticipatedIRSclarificationofrequireddocumenta-tionfornon-facilitativesuccess-basedfees
• Principlesandpotentialsafeharbortreatmentfortherecoveryofpreviouslycapitalizedtransactioncosts
• Changeintreatmentoftransactioncosts–achangeinaccountingmethod,changeinfactorcorrectionoferror?
Carole Conjura, KPMG LLP,Washington,DC
59TH Tulane Tax Institute
3:30-3:45 Break
3:45-4:45 Concurrent Session: Professionalism in Tax Practice Dane Ciolino,ProfessorofLaw,LoyolaUniversity,NewOrleans,LAorEmployment TaxesMichael A. Mayhall,MichaelA.Mayhall,AP.L.C.,Covington,LA
Friday, November 5, 20108:30 - 9:30 The Impact of Estate Tax Repeal and the Legislative Failures and Successes of 2010
• ImpactoftheGreatDisconnectof2010onourclientsandourpractices
• CluesforthefuturefromrecentCongressionalactivity
• Affectof2010electionsonthetaxlegislationagenda
• Gettingreadyfor2011Ronald D. Aucutt,McGuireWoodsLLP,McLean,VA 9:30 - 9:45 Break
9:45 - 11:00 Recent Developments in Federal Gift and Estate Taxation
• Estatetaxandgeneration-skippingtransfertax Valuationissues
• Familylimitedpartnerships• Lifeinsurance,qualifiedplansandIRAs• Maritaldeductionplanning
Stanley M. Johanson,ProfessorofLaw,UniversityofTexasSchoolofLaw,AustinTX
11:00-12:00 Strategic Selection of Charitable Vehicles
• Isacharitableentitythecorrectselection?Benefitsandresponsibilitiesoftaxexemptstatus.
• CharitableTrustvs.NonprofitCorporation,andotherpotentialcharitablevehicles
• Canyourorganizationqualifyasapubliccharity?Publiccharityrequirementsandpitfalls
• PrivateFoundations,PrivateOperatingFoundations:Canwecomplywiththestatutoryrequirementsandaretheyworthit?
• CommunityFoundations:Analternativetoprivatefoundationstatus,thegood,thebad,andtheugly.
Michel G. Kaplan,Sherrard&Roe,PLC,Nashville,TN
12:00-1:30 Lunch (On Your Own)
1:30-2:30 Still Crummey After All These Years
• GifttaxesIRSimposednoticeandsubstantialeconomicbenefitrequirements
• Thegrantorv.beneficiarygifttaxdilemma• Incometaxgrantortrustrulesandlapsedpowers• Estatetaxeslapsedpowers,5&5exceptionandhangingpowers
• GSTtaxes-Whoisthetransferor?Grantor/powerholderorboth?
Donald O. Jansen,SeniorTaxCounsel,TheUniversityofTexasSystem,Austin,TX 2:30-3:30 Mending Wayward Wealth TransferStrategies
• VariousexitstrategieswhenGRATandinstallmentsalesdonotyieldexpectedresults
• PlanninganexitstrategyBEFOREproblemsariseJohn F. Bergner,WinsteadP.C.,Dallas,TX3:30-3:45 Break 3:45 - 4:45 Defined Valuation Clauses: The Taxpayer Wins a Few
• Commonformulaclauses• Usingformulasformorethantestamentarygifts• Reducinggifttaxexposurebydefinedvalueclauses
• Differencebetweenprohibited“Proctor”clausesandpermittedformulaclauses
Edward F. Koren,Holland&KnightLLP,Tampa,FL
HoffmanF.Fuller,ChairmanHiltonS.BellThomasDeGeorgioWilliamCaudillJohnK.EasonDavidF.EdwardsCharlesGiraudDavidM.GlavianoRaymondJ.Jeandron,Jr.StevenI.KleinBeverlyR.NicholsRobertW.NuzumRobertPeroniRudolphR.RamelliDeanneG.RaymondF.KelleherRiess
MichaelF.SchottHollySharpAndrewTitenKennethA.Weiss
EmEritus mEmbErsEdwardB.Benjamin,Jr.JulianP.BrignacA.H.Joyner,Jr.AllenB.KoltunNormanKerthJeromeJ.Reso,Jr.H.PaulSimon
CLE DirECtorAnnSchumacher
tulane tax institute PLANNiNG CommittEE
General Information Registration and FeesOn-lineregistrationisavailableat:www.law.tulane.edu/cle.Thefullthree-dayregistrationfeeis$695andincludesrefreshmentseachday,luncheononThursdayandcoursematerialsonaCD.Two-day($550)andone-day($300)registrationfeesarealsoavailable.Agovernment/academicdiscountisofferedforgovernmentemployeesorfulltimefaculty/staffofanacademicinstitution,pleasechecktheon-lineregistrationsiteatwww.law.tulane.edu/cleorcalltheTulaneCLEofficeat504-865-5900formoreinformation.TheTaxInstituteacceptschecks,cash,VisaorMasterCard.Itisadvisabletopre-registerasspacemaybelimited.Pleasecheckthelunchboxontheregistrationformifyouplantoattendtheluncheon.
Course MaterialsTheextensiveInstitutecoursematerialswillbedistributedattheseminaronaCD.Hardcopiesofthefullmaterialswillalsobeavailableforpurchaseattheseminarfor$100.Toorderahardcopy,pleasecheckthecoursematerialoptionontheregistrationform.Toguaranteereceiptofthebookattheseminar,ordersmustbereceivedbyOctober22.
Cancellations and RefundsAfull-refundlessa$50administrativefeewillbeofferedthroughOctober26,2010.AbsolutelynorefundswillbemadeafterOctober26.RegistrationsmaybetransferredtoanothermemberofthesamefirmuntilOctober26.Cancellationsandtransfersmustbesubmittedinwritingeitherbyfaxat504-866-1583ore-mailtopatsmith@tulane.edunolaterthan5pmonOctober26,2010.
Hotel ReservationsTheInstitutehotelistheWestinNewOrleansCanalPlacelocatedat100RueIberville.Ablockofroomshasbeenreservedataspecialdiscountedrate.ThisblockwillbehelduntilOctober4,2010.Toreserveyouryourroom,call1-888-627-8180or504-566-7006andbesuretoaskfortheTulaneLawSchoolTaxInstituteroomblock.
Continuing Education CreditsTheTaxInstitutewillassistyouwithyourreportingrequirements.StateBarandCPASocietiesdonothaveuniformrequirementssopleasecheckthecreditinformationprovidedattheseminarforyourstate’sspecificrequirements.TheprogramisbeingpresentedinLouisiana,amandatoryCLEstate,foramaximumof18.75hoursofinstruction,including1hourofethicsand1hourofprofessionalism.Toobtaincontinuingeducationcredits,registrantsmustcompleteandreturntheCertificateofAttendanceandotherrequiredformsBEFOREleavingtheseminar.
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Make checks payable to:TulaneTaxInstituteMail registration form and check to:Tulane Tax InstitueTulane Law School – CLE7016ZimpleSt.NewOrleans,LA70118orfaxto504-866-1583
Tulane Tax Institute November 3 - 5, 2010
ContinuingLegalEducation7016ZimpleStreetNewOrleans,LA70118
Non-ProfitOrg.U.S.Postage
PAIDNewOrleans,LAPrmit#1064
FullThreeDayRegistration-$695
TwoDayRegistration-$550
OneDayRegistration-$300
IwillattendLuncheononThursday,Nov.4
HardCopyofCourseMaterials-$100
(registrationfeeincludesCDonly)
Registration FormTulaneTaxInstitute—November3-5,2010