The 25th annual Federal Tax Institute

Chicago-Kent College of Law
Illinois Institute of Technology
565 West Adams
Chicago, IL 60661-3691

ONLINE REGISTRATION AVAILABLE!

Click here to register online or print registration information.

Prospects for Budget Control and Tax Reform

Federal Tax Law Developments

State and Local Tax Developments Corporate Reorganizations, Spin Offs, and Merger & Acquisition Transactions: Current Tax Planning Issues

Experience with the New Tax Compliance and Accounting Environment, including Uncertain Tax Positions

Professionalism and Tax Practice: Circular 230 and Beyond

Planning Opportunities and Pitfalls Involving Flow-Through Entities

International Tax Issues

Federal Income Tax Planning for Financially Troubled Companies

GEORGE YIN
Howard W. Smith Professor of Law
University of Virginia School of Law

George Yin recently returned to the University of Virgina School of Law after serving as Chief of Staff of the U.S. Congress's Joint Committee on Taxation, one of the most influential tax positions in the country.

Before joining the University of Virginia law faculty in 1994, Professor Yin was a member of the law faculty at the University of Florida. He previously served as tax counsel to the U.S. Senate Finance Committee where he coordinated a major project to reform and simplify the tax laws dealing with corporate-shareholder transactions, including corporate mergers, acquisitions, and reorganizations. He has also been a visiting professor at NYU Law School, Pennsylvania, and Brigham Young.

Professor Yin has served as a consultant to a number of organizations, including the Department of the Treasury, the U.S. Joint Committee on Taxation, the National Commission on Restructuring the Internal Revenue Service, and the Select Revenue Measures Subcommittee of the U.S. House Committee on Ways and Means.

Thursday, April 20, 2006

8:00 a.m.
REGISTRATION

8:35-8:45
WELCOME

Harold J. Krent
Dean and Professor of Law,
Chicago-Kent College of Law

Gerald Brown
Director, Graduate Program in Taxation and Clinical Professor of Law,
Chicago-Kent College of Law

MODERATOR:

André LeDuc
Skadden, Arps, Slate, Meagher & Flom LLP
Institute Co-Chair

8:45-10:15

Federal Tax Law Developments
» This session will survey recent developments in case law and rulings in the federal income, estate and gift, and employee benefits tax areas.

Lydia R.B. Kelley
McDermott, Will & Emery

State and Local Tax Developments
» This session will survey current hot-button issues in state taxation and recent legislative and case law developments.

John A. Biek
McDermott, Will & Emery
Theodore R. Bots
McDermott, Will & Emery

10:15-10:30
BREAK

10:30-12:00

Corporate Reorganizations, Spin Offs, and Merger & Acquisitions Transactions: Current Tax Planning Issues
» This session will explore tax planning techniques and issues in spin off, reorganization and M&A transactions, with an emphasis on current problem areas and matters addressed by recent IRS and Treasury activity.

Timothy C. Sherck
Mayer, Brown, Rowe & Maw LLP
Eric Solomon
Office of Regulatory Affairs, U.S. Treasury
Dana Trier
Davis Polk & Wardwell

12:00
LUNCHEON

1:15-2:00

Keynote Speaker
Prospects for Budget Control and Tax Reform
» Professor Yin, who headed the staff of the Joint Committee on Taxation from 2003-2005, will share insights regarding the likelihood of budget control and tax reform legislation in view of the current state of the law and legislative process.

MODERATOR:

Michael A. Clark
Sidley Austin LLP

2:15-3:45

Experience with the New Tax Compliance and Accounting Environment, Including Uncertain Tax Positions
»Today’s tax directors are facing challenges on a number of different fronts. Increased focus on internal controls as mandated by the Sarbanes-Oxley Act has brought heightened scrutiny by both internal and external auditors on the income tax accounting function. Recent FASB activity in connection with Uncertain Tax Positions has further increased focus on income tax accounting issues. Requirements for disclosing reportable transactions add to the complex environment. The panel will discuss the impact of recent developments on tax accounting from both technical and process perspectives.

Chester Abell
Ernst & Young
Marilyn Gerdes
Sara Lee Corporation
Donald Slome
USG Corporation
Joseph Todd
Goldman, Sachs & Co.

3:45-4:00
BREAK

4:00-5:30

Professionalism in Tax Practice and Advising Clients in the New Environment - Circular 230 and Beyond
»This panel will address issues affecting professionals and clients in rendering and receiving tax advice, as the legal and accounting professions incorporate Circular 230 and other professional standards issues into practice and client relationships.

Nicholas DeNovio
Latham & Watkins
Jeffrey B. Frishman
Grant Thornton LLP
Richard M. Lipton
Baker & McKenzie

5:30-5:45
QUESTIONS

Friday, April 21, 2006

MODERATOR:

Todd Maynes
Kirkland & Ellis LLP
Institute Co-Chair

8:45-9:45

Planning Opportunities and Pitfalls Involving Flow-Through Entities
» This panel will analyze various hot planning techniques and tax traps involving the use of LLCs, partnership and S corporations

Steven G. Frost
Chapman & Cutler LLP
Charles R. Levun
Levun, Goodman & Cohen, LLP
Steven W. Swibel
Schwartz, Cooper, Greenberger & Krauss, Chartered

9:45-11:15
Tax Planning for Multinational Corporations
» This session will discuss the effect of recent and pending legislation, regulations, and treaties on tax planning for multinational corporations.

Chip Harter
PriceWaterhouseCoopers LLP
Hal Hicks
International Tax Counsel, U.S. Treasury
Thomas Zollo
KPMG LLP

11:15-11:30
BREAK

11:30-12:45

Selected Topics in Federal Income Tax Planning for Financially Troubled Companies
» Discussion of recent administrative, regulatory and judicial developments that impact federal income tax planning for financially troubled companies.

Suresh Advani
Sidley Austin LLP
David Hoffman
Deloitte
Richard Liebman
Ernst & Young LLP

12:45-1:00
QUESTIONS

General Information

Program Location
The conference will be held at Chicago-Kent College of Law,
565 W. Adams Street in Chicago.

Confirmation of Registration
A letter of confirmation will be mailed to the address given on your registration form.

Confirmation of Attendance
A certificate of attendance will be provided at registration.

Cancellations and Refunds
Written notification of cancellation is required. A full tuition refund is available if notification is received prior to March 28, 2006; 25% will be charged if notification is received between March 28 and April 14, 2006. No refunds will be granted after April 14, 2006.

CPE Credit
13.0 hours on a “50-minute” credit hour. Chicago-Kent College of Law is a registered public accountant professional education sponsor in Illinois and New York.
MCLE Credit
Eligible for 11.0 hours on a “60-minute” credit hour; 13.0 hours on a “50-minute” credit hour. The actual number of approved hours may vary from state to state.
For additional information:
Please call the Office of Continuing Legal and Professional Education, Chicago-Kent College of Law, (312) 906-5090, or send an email to clestaff@kentlaw.edu.

Hotel Accommodations
Hotel accommodations have been made at the Millennium Knickerbocker Hotel and the Crowne Plaza Chicago Metro. The room rate at the Millennium Knickerbocker Hotel is $169 for single or double occupancy, plus 15.4% tax. The room rate at the Crowne Plaza Chicago Metro is $149 for single or double occupancy, plus 15.4% tax. The Millennium Knickerbocker Hotel is a short cab ride to the law school and provides easy access to Michigan Avenue night life and Magnificent Mile shopping. The Crowne Plaza Chicago Metro is a trendy newly renovated property located four blocks from the law school.

Please make reservations directly with the hotel of your choice. Requests for accommodations cannot be assured if made after March 20, 2006 at the Millennium Knickerbocker Hotel and April 3, 2006 at the Crowne Plaza Chicago Metro. Please mention to the hotel reservation receptionist that you are attending the Chicago-Kent College of Law Federal Tax Institute. To make reservations:

Millennium Knickerbocker Hotel
163 E. Walton Place
Chicago, IL 60611
(800) 621-8140
Fax (312) 751-9663
www.millenniumhotels.com

Crowne Plaza Chicago Metro
733 W. Madison
Chicago, IL 60661
(312) 829-5000
Fax (312) 602-2180
www.crowneplaza.com/chicagometro

Registration Fee (per person)
Early Registration Fee . . . . . . . . . . . . . . . . . . . . . . . . . . $375
After March 24, 2006 . . . . . . . . . . . . . . . . . . . . . . . . . . .$395
(A $15 per person discount is available to groups that register 3 or more individuals at the same time.)
Government Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$295
(no group discount available)
Chicago-Kent College of Law Alumnae/i Rate . . . . . . . . . . . .$295
(no group discount available)

Click here to register online or print registration information.

Graduate Program in Taxation Advisory Board

Federal Tax Institute Advisory Board

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