The 27th 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.

»State and Local Tax Developments

»Procedural Update: Audits, Appeals, Pre-Filing Agreements, Private Letter Rulings and Joint Committee Review

»Financial Accounting for Tax

»Corporate Reorganizations, Spin Offs, and Merger & Acquisition Transactions: Tax Planning for Healthy Corporations

»Financial Instruments: Taxation of Stock, Debt, Hybrids and Derivatives

»New Incentives: New Energy Credits, Partnership Issues, Castle Harbor, Tax Shelter and Planning Issues

»International Tax Developments

»Circular 230 Ethical Issues

Thursday, May 3, 2007

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

INSTITUTE MODERATOR: Todd Maynes, Kirkland & Ellis LLP, Institute Co-Chair

8:45-10:15

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

Michael R. Fayhee, McDermott, Will & Emery LLP

Lydia R.B. Kelley, McDermott, Will & Emery LLP

State and Local Tax Developments
» current hot-button issues in state taxation and recent legislative and case law developments

John A. Biek, Neal, Gerber & Eisenberg LLP
Theodore R. Bots, Baker & McKenzie LLP

10:30-10:45
BREAK

10:45-12:15

Procedural Update: Audits, Appeals, Pre-Filing Agreements, Private Letter Rulings and Joint Committee Review
» summary and implications of currently evolving practices and procedures at the IRS. Topics will include the new Industry Issue Focus program which is designed to provide national control over the field development and resolution of Tier I, II, and III issues; updates on the penalty administration by the IRS, Fast Track Appeals, Pre-Filing Agreements and the “policy of restraint” regarding tax accrual/Fin 48 workpapers

Robert Brazzil, Deloitte

Financial Accounting for Tax
» recent developments in the presentation of taxes in financial statements with a focus on FIN 48, the more-likely-than-not standard and tax opinions, and other issues affecting tax practitioners who work with auditors and audited clients.

Fred Murray, Grant Thornton LLP

12:20-1:20
LUNCHEON

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

1:30-2:15

KEYNOTE

Edward Kleinbard, Chief of Staff, Joint Committee on Taxation

2:15-4:15

Corporate Reorganizations, Spin Offs and Merger & Acquisition Transactions: Tax Planning for Healthy Corporations
» problems and issues arising from new and proposed regulations and proposals dealing with reorganization transactions, section 351 exchanges and section 355 spin-offs

Stephen Gordon, Cravath, Swaine & Moore LLP
Timothy Sherck, Mayer, Brown, Rowe & Maw LLP
Eric Solomon, Assistant Secretary for Tax Policy, U.S. Treasury

4:15-5:15

Financial Instruments: Current Topics in the Taxation of Stock, Debt, Hybrids & Derivatives
» discussion of prepaid forward contracts, total return swaps, convertible note – board hedges, distressed debt and other current topics

Joseph Kronsnoble, Latham & Watkins LLP
Edward Sair, Deloitte

5:15-5:30
QUESTIONS & ANSWERS

Friday, May 2, 2008

Institute Moderator

Evelyn Brody, Chicago-Kent College of Law

8:45-10:00
New Incentives in the Current Environment: New Energy Credits, Partnership Issues, Castle Harbor, Tax Shelter and Planning Issues
» recent legislation and IRS pronouncements relating to energy and infrastructure assets, with an emphasis on the impact such new law has on investments in renewables (e.g., wind, solar and geothermal facilities)

Sean Moran, Dewey Ballantine LLP
Andrew Ratts, Winston & Strawn

10:00-10:15
BREAK

10:15-11:45
International Tax Developments
» current developments in U.S. international taxation, including those with respect to contract manufacturing, accounting for foreign tax credits, outbound transfers of intangibles, and costs sharing

Simon Moore, Ernst & Young
Steven A. Musher, Associate Chief Counsel, International, Internal Revenue Service
Thomas Zollo, KPMG LLP

11:45-1:00
Circular 230 Ethical Issues: Return Preparer Standards and Circular 230 Ethical Issues – The Continued Emphasis on Accountability in Professional Behavior
» the professional standards landscape in tax matters continues to evolve with the enactment of increased tax return preparer standards under Internal Revenue Code section 6694 and robust oversight of tax professionals under Treasury Circular 230 through the Office of Professional Responsibility. What does the continuing focus on standards mean for tax professionals, taxpayer clients, and the relationship between them? This session will address significant issues in tax ethics underscoring the government’s drive for accountability for professional behavior in tax matters

Jeffrey B. Frishman, Grant Thornton LLP
Kenneth L. Harris, Neal Gerber & Eisenberg LLP

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 April 4, 2008; 25% will be charged if notification is received between April 4 and April 25, 2008. No refunds will be granted after April 25, 2008. If you register with a purchase order or a voucher and do not cancel your registration in accordance with this policy, you will be charged 25% of the registration fee.

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.

MCLE Credit
Chicago-Kent College of Law is an accredited CLE provider for Illinois MCLE. This conference is eligible for 11.0 IL MCLE hours, including 1.0 hour of ethics. 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 Crowne Plaza Chicago Metro. The room rate at the Crowne Plaza Chicago Metro is $179 for single or double occupancy, plus 15.4% tax. The Crowne Plaza Chicago Metro is a trendy newly renovated property located four blocks west of the law school. Please make reservations directly with the hotel. Requests for accommodations cannot be assured if made after April 2, 2008. Please mention to the hotel reservation receptionist that you are attending the Chicago-Kent College of Law Federal Tax Institute.

To make reservations:

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

Please mention to the hotel reservation receptionist that you are attending the “Chicago-Kent College of Law Federal Tax Institute”

Registration Fee (per person)
Early Registration Fee . . . . . . . . . . . . . . . . . . . . . . . . . . $430
After March 31, 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . .$450
(A $15 per person discount is available to groups that register 3 or more individuals at the same time.)
Government Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$355
(no group discount available)
Chicago-Kent College of Law Alumnae/i Rate . . . . . . . . . . . .$355
(no group discount available & non-transferable)

Click here to register online or print registration information.

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