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WEDNESDAY MORNING, SEPTEMBER 24, 2008
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| 07:30-08:30 |
Breakfast |
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| 08:30-09:30 |
WHAT YOU NEED TO KNOW ABOUT TAX INCREMENT FINANCING AND OTHER GOVERNMENT INCENTIVES –
Government incentives have become a consideration in many different business contexts. These incentives affect business relocations, infrastructure in large real estate developments, rejuvenation of blighted areas, and the list goes on. This is now an area of significant IRS focus, and the taxation of these incentives can be very unclear.
Kimberly S. Blanchard, Weil, Gotshal & Manages LLP, New York, NY Jeffery V. Curry, Husch & Eppenberger, LLC, Chattanooga, TN
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| 09:30-10:45 |
USES AND ABUSES OF LIFE INSURANCE IN FUNDING EMPLOYEE BENEFIT ARRANGEMENTS – This presentation will discuss the basics, recent guidance and IRS audit activity related to the use of life insurance to fund employee pension and welfare benefits. Topics to be discussed include new §101(j), welfare benefit funds that are part of 10-or-more employer plans, §419(e) single employer welfare benefit arrangements and §412(i) plans, as well as cases denying deductions based on other tax principles
Roberta Casper Watson, Trenam, Kemper, Scharf, Barkin, Frye, O'Neill & Mullis, Tampa, FL
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| 10:45-11:00 |
Break |
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| 11:00-12:00 |
PAYROLL AND EMPLOYMENT TAXES: UPDATE ON EMPLOYEE/INDEPENDENT CONTRACTOR INITIATIVES, REPORTING AND FRINGE BENEFIT ISSUES – This session will focus on the latest employment classification, reporting, and payroll tax issues affecting taxpayers, including the “Questionable Employment Tax Practice” initiatives launched by the IRS, PEO/co-employment arrangements, new regulations on employment tax reporting, new rules for correcting previously-filed employment tax returns, developments in the fringe benefit and business expense areas, and other issues being raised by the IRS that affect employment tax liabilities.
Marianna G. Dyson, Miller & Chevalier Chartered, Washington, DC |
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| 12:15-01:05 |
Mid-day Program on a topic to be announced. |
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WEDNESDAY AFTERNOON, SEPTEMBER 24, 2008
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| 01:15-02:15 |
HOT TOPICS IN TAX ACCOUNTING – This program will provide participants an overview of the most significant recent developments in the area of federal tax accounting. Topics may include a discussion of the anticipated “tangibles regulations” governing the deductibility of costs to acquire, improve, or repair tangible property; the IRS’s proposed overhaul of its accounting method change program; the treatment of gift card revenue, casualty losses, government incentive payments, and other “Tier 1” and “Tier 2” tax accounting issues likely to attract IRS scrutiny on audit; anticipated developments affecting inventory accounting; an overview of the new bonus depreciation and other tax accounting incentives contained in the 2008 Economic Stimulus Act and other recent legislation; and other expected – and unexpected – tax accounting developments.
James L. Atkinson, Miller & Chevalier Chartered, Washington, DC |
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| 02:15-04:15 |
HOW THE SECTION 6694 “MORE LIKELY THAN NOT” REQUIREMENT REVOLUTIONIZES TAX RETURN PREPARATION FOR BOTH SIGNING AND NONSIGNING PREPARERS – This presentation will include practical advice on the definition of “more likely than not” and “realistic possibility” reporting positions. It will also deal with how to prepare “adequate disclosures” as an alternative to MLTN, and how to explain all this to your clients. Additionally, consideration will be given to Notice 2008-13 vs. the proposed regulations to be issued in 2008, the new definition of “preparer” and legislative possibilities. (2 hours of ethics and professionalism)
Robert G. Woodward, King & Spalding LLP, Atlanta, GA
Alan R. Einhorn, Deloitte Tax LLP, Washington, DC
Anita C. Soucy, Attorney-Adviser, Office of Tax Policy, U.S. Treasury Department, Washington, DC
Karen G. Sowell, Deputy Assistant Secretary, Office of Tax Policy, U.S. Treasury Department, Washington, DC
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| 04:15-04:30 |
Break sponsored by CFS CONSULTING, INC. |
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| 04:30-05:30 |
FATF: DUE DILIGENCE ON CLIENTS – This presentation will include money laundering dangers for both client and tax practitioner, with respect to transfers of money internationally and domestically. Other targeted or “at risk” transactions and services will be discussed as well. (1 hour of ethics and professionalism)
Duncan Osborne, Osborne, Helman, Knebel & Deleery, L.L.P., Austin, TX |
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| 05:30-06:30 |
Exhibitors' Cocktail Hour |
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