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Registration Form: Federal Tax Institute 3 Easy Ways to RegisterOnline: cle.kentlaw.edu Mail: Office of Continuing Legal & Professional Education
IIT Chicago-Kent College of Law 565 West Adams St.
Chicago, IL 60661-3691 Phone: (312) 906-5090
Name (please print) Professional Title
Firm
Address
City State Zip
Telephone Fax
Attorney Registration # Luncheon Ticket:q Check here if you are purchsing a luncheon ticket for Thursday, May 17.
If Chicago-Kent Alumni, list month and year of graduation: Month_____Year_____
q Please check here if you have any special needs and a CLE staff member will contact you.
Payment Informationq Payment by check. Amount enclosed $ ____________________(Make check payable to: Chicago-Kent College of Law)
q Payment by credit card. Amount enclosed $ _________________
q VISA q MasterCard q American Express q Discover
Card # Exp. Date
Security Code
Signature
Program LocationThe conference will be held at Chicago-Kent College of Law, 565 West Adams Street in Chicago. Confirmation of RegistrationA letter of confirmation will be emailed to the address given on your registration form. If you do not receive an email confirmation after registering and before the conference please contact the Office of Continuing Legal & Professional Education at [email protected]. Confirmation of AttendanceA certificate of attendance will be provided at registration. Cancellations and RefundsWritten notification of cancellation is required. A full tuition refund is available if notification is received prior toApril 20, 2012; 25% will be charged if notification is received between April 20 and May 11, 2012. No refunds will be granted after May 11, 2012. MCLE CreditChicago-Kent College of Law is an accredited provider for IL & PA MCLE. This conference is eligible for 9.0 hours of IL MCLE and includes 1.0 hour of ethics credit (pending approval). 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 [email protected]. CPE Credit11.0 hours on a “50-minute” credit hour. Chicago-Kent College of Law is a registered public accountant professional education sponsor in Illinois.
Hotel Accommodations Hotel accommodations for the convenience of out-of-town guests have been made at the Club Quarters, Central Loop. The room rate at the Club Quarters, Central Loop is $179 for single occupancy, plus 15.4% tax. The Club Quarters is a private, no frills hotel designed specifically for the business traveler and is located five blocks east of the law school within easy walking distance. Please make reservations directly with the hotel. Requests for accommodations cannot be assured if made after April 2, 2012.
To Make Reservations:Club Quarters, Central Loop111 W Adams Street Chicago, IL 60603 (203) 905-2100 Voice(203) 348-6401 Faxwww.clubquarters.com/loc_chicago.aspx
Please mention to the hotel reservation receptionist that you are with the Illinois Institute of Technology and use group code “IIT516”
Registration Fee (per person)
Early Registration Fee: $435
After April 18, 2012: $455
Government Rate: $355
Chicago-Kent College of Law Alumni Rate: $355
Luncheon Ticket: $30
Multiple Registrant Firm Ticket: Do you have 4 or more persons from your firm planning to attend? Call (312) 906-5090 for super discount pricing.
General Information
About the Institute: The Institute is designed for experienced practitioners.
Who should attend: Attorneys, accountants, corporate tax directors and staff
31st
ann
ual
Fede
ral T
ax In
stitu
te
Thur
sday
-Fri
day,
May
17-
18, 2
012
565
Wes
t Ada
ms
Stre
et
Chi
cago
, Illi
nois
606
61
Non
-Pro
fit O
rgU.
S. P
osta
gePA
IDCh
icag
o, IL
Perm
it N
o. 7
706
31st annual Federal Tax InstituteThursday-Friday, May 17-18, 2012 Nationally recognized tax advisors provide a comprehensive update on cutting-edge legal, legislative and policy developments and their impact on tax planning, compliance and controversy techniques.
Program at a Glance
Thursday, May 17 (Interactive Panel Discussions and Breakout Sessions)
9:00a.m.-10:30a.m. Federal Tax Law Developments State & Local Tax Developments
10:45a.m.-12:15p.m. (Breakout Sessions) • International Business Restructuring: Tax Considerations • Corporate: Fund Formation, Private Equity Overview • Partnership Issues 12:15p.m.-1:30p.m. Lunch (must purchase ticket to attend) 1:30p.m.-2:45p.m. (Breakout Sessions) • International Business Restructuring: Transfer Pricing Considerations • Corporate: Acquisitions and Dispositions3:00p.m.-4:00p.m. IRS Administration and LB&I Update4:00p.m.-4:30p.m. Keynote Speaker: William J. Wilkins4:30p.m.-5:30p.m. Cocktail & Networking Reception
Friday, May 18 (Interactive Panel Discussions) 9:00a.m.-10:00a.m. Corporate Tax Developments 10:05a.m.-11:20a.m. Legislative & Tax Reform Update 11:25a.m.-12:25p.m. Ethics: E-Discovery Issues
Thursday, May 17, 2012 8:00 a.m.–8:55 a.m. Registration
8:55 a.m.–9:00 a.m. WelcomeGerald Brown Director, Graduate Program in Taxation, Chicago-Kent College of Law Program Moderator Thomas Zollo KPMG LLP 9:00 a.m.–10:30 a.m. Federal Tax Law Developments • Update on the most recent
developments in case law and rulings in the federal income, estate and gift, and employee benefits tax areas. Michael R. FayheeMcDermott, Will & Emery LLP Lydia R.B. KelleyMcDermott, Will & Emery LLP
State and Local Tax Developments • Taxpayers Under Siege—
Discussion of significant cases, rulings and legislative developments impacting state income/franchise, sales and use, gross receipts and other taxes throughout the United States. John A. BiekNeal, Gerber & Eisenberg LLP
10:30 a.m.–10:45 a.m.Break
10:45 a.m.–12:15 p.m.BREAKOUT SESSIONS— CHOOSE ONE International Business Restructuring: Tax Considerations • Multinational enterprises operate in a dynamic environment that forces them to shift research and development, production and distribution across borders to capture competitive advantages. This session will explore the potential tax consequences of such cross-border shifts and potential strategies to manage such consequences. Peter F. Simpson Grant Thornton LLP Thomas Zollo KPMG LLP Corporate: Fund Formation, Private Equity Overview This session will discuss the principal structural and tax issues that arise in the formation of a private equity fund and affiliated entities, and provide an overview of certain recent developments. Topics that will be addressed include: • Fund sponsor and service provider issues, including carried interest and fee arrangements; • Investor issues, including the use of US and offshore entities, tax- exempt investors (unrelated business taxable income), and non-US investors (effectively connected income); • Updates on the carried interest legislation, proposed regulations addressing sovereign investors,
FATCA, and expanded reporting requirements for private equity managers; and • Tax and financing issues relating to investments made by private equity funds. Thomas A. Geraghty Kirkland & Ellis LLP Donald E. Rocap Kirkland & Ellis LLP Partnership Issues • This session will focus on the hot topics in partnership/LLC taxation, including LLC structuring transactions, recent foreign developments and issues pertaining to series LLCs. Chadwick I. Buttell Patzik, Frank & Samotny Ltd. Paul D. Carman Chapman & Cutler LLP Charles R. Levun Levun, Goodman & Cohen LLP 12:15 p.m.–1:30 p.m.Lunch (must purchase ticket to attend)
1:30 p.m.–2:45 p.m.BREAKOUT SESSIONS— CHOOSE ONE International Business Restructuring: Transfer Pricing Considerations • International business restructurings are increasingly common as multinationals seek to accelerate revenue growth and capture operational efficiencies in a highly competitive global market. This session will address a number of transfer pricing issues surrounding business
restructurings, including potential exit charges, post- restructuring pricing and managing tax authority challenges. Stefan Beck Aon Corporation Steven Fortier KPMG LLP Corporate: Acquisitions and Dispositions • This session will focus on recent Subchapter C issues, including combinations involving disregarded entities, basis issues and other current topics.
James R. Barry Mayer Brown LLP Maxwell M. Miller Skadden, Arps, Slate, Meagher & Flom LLP 2:45 p.m.–3:00 p.m.Break 3:00 p.m.–4:00 p.m.IRS Administration and LB&I Update • This session will address the current status of the LB&I realignment and other IRS administration matters. Sergio E. Arellano Industry Director, Retailers, Food, Pharmaceuticals & Healthcare, Internal Revenue Service
Kevin R. Pryor Sidley Austin LLP William J. Wilkins Chief Counsel, Internal Revenue Service
4:00 p.m.–4:30 p.m.IRS Focus William J. Wilkins Chief Counsel, Internal Revenue Service 4:30 p.m.–5:30 p.m.Cocktail & Networking Reception Friday, May 18, 2012 Moderator Thomas Zollo KPMG LLP 9:00 a.m.–10:00 a.m.Corporate Tax Developments • Discussion of corporate tax law developments, including a discussion of recent case law, rulings, and regulatory guidance, including expected IRS guidance. The panel will also explore new developments taking place in the market. William D. Alexander Associate Chief Counsel (Corporate), Internal Revenue Service David S. Raab Latham & Watkins LLP Mark A. Schneider Deloitte Tax LLP 10:00 a.m.–10:05 a.m.Break 10:05 a.m.–11:20 a.m.Legislative & Tax Reform Update • The panel will discuss prospects for federal income tax legislation, focusing on the situation as it exists on the day of this presentation, May 18, 2012.
Topics will include: the President’s FY13 Budget, the looming expiration of the individual tax cuts, the state of play with respect to business tax reform and the potential effect of the November elections. Harry L. “Hank” Gutman KPMG LLP Martin A. Sullivan Tax Analysts 11:20 a.m.–11:25 a.m.Break 11:25 a.m.–12:25 p.m.Ethics: E-Discovery Issues • Preservation and spoliation (Rule
3.4, FRCP 37(e), Zubulake)
• The Search for and production of documents (Qualcomm, Rule 1.1, 3.1, 3.4, FRCP 26(b)(2) (B), claw back and quick-peek agreements, collaboration with opposing counsel) • Preservation of privilege and attorney-client communications (Rule 1.6, Rule 1.13, Lester v. Allied Concrete, FRE 502) • Supervisory responsibilities (Rule 5.1 - 5.3, FRCP 11, ABA 2020 proposed comment to Rule 1.1, FRCP 26(g), ABA opinion on outsourcing 08-451) • Retention and management of client and case e-mail correspondence Wendy J. Muchman Chief of Litigation & Professional Education, Attorney Registration and Disciplinary Commission Karen Sewell Baker & McKenzie LLP
Program Schedule
William J. WilkinsChief CounselInternal Revenue Service
Program Faculty
Keynote Speaker
INSTITUTE CHAIR:Thomas Zollo, KPMG LLP
INSTITUTE VICE-CHAIRS:Gregory W. Gallagher, Kirkland & Ellis LLP David Hoffman, Deloitte Tax LLP Lydia R.B. Kelley, McDermott, Will & Emery LLP
INSTITUTE SPEAKERS: William D. Alexander, Internal Revenue Service Sergio E. Arellano, Internal Revenue Service James R. Barry, Mayer Brown LLP Stefan Beck, Aon CorporationJohn A. Biek, Neal, Gerber & Eisenberg LLPChadwick I. Buttell, Patzik, Frank & Samotny Ltd. Paul D. Carman, Chapman and Cutler LLPMichael R. Fayhee, McDermott, Will & Emery LLP Steven Fortier, KPMG LLPThomas A. Geraghty, Kirkland & Ellis LLPHarry L. “Hank” Gutman, KPMG LLPLydia R.B. Kelley, McDermott, Will & Emery LLP, Institute Vice-Chair Charles R. Levun, Levun, Goodman & Cohen LLP Maxwell M. Miller, Skadden, Arps, Slate, Meagher & Flom LLP Wendy J. Muchman, Attorney Registration and Disciplinary CommissionKevin R. Pryor, Sidley Austin LLP David S. Raab, Latham & Watkins LLP Donald E. Rocap, Kirkland & Ellis LLP Mark A. Schneider, Deloitte Tax LLP Karen Sewell, Baker & McKenzie LLP Peter F. Simpson, Grant Thornton LLP Martin A. Sullivan, Tax Analysts Thomas Zollo, KPMG LLP, Institute Chair
John A. BiekNeal, Gerber & Eisenberg LLP Theodore R. BotsBaker & McKenzie LLP Evelyn BrodyChicago-Kent College of Law Gerald BrownChicago-Kent College of Law Michael A. ClarkSidley Austin LLP Denis J. ConlonMartin, Brown, Sullivan, Roadman & Hartnett Ltd. Louis S. FreemanSkadden, Arps, Slate, Meagher & Flom LLP Jeffrey B. FrishmanGrant Thornton LLP Steven G. FrostChapman and Cutler LLP Gregory W. GallagherKirkland & Ellis LLP Institute Vice-Chair Michael GervasioKPMG LLP David HoffmanDeloitte Tax LLP Institute Vice-Chair
Lydia R.B. KelleyMcDermott, Will & Emery LLP Institute Vice-ChairJoseph M. KronsnobleLatham & Watkins LLPCharles R. LevunLevun, Goodman & Cohen LLPWilliam A. LevyKirkland & Ellis LLPRichard D. LiebmanGrant Thornton LLPJohn B. Palmer IIIFoley & Lardner LLPKevin R. PryorSidley Austin LLPSaul E. RudoKatten Muchin Rosenman LLPSteven W. SwibelDykema Gossett PLLCDeborah T. VillaChicago-Kent College of LawLouis J. Weber IIIWinston & Strawn LLPThomas ZolloKPMG LLP Institute Chair
Federal Tax Institute Planning Committee
LL.M. Program in TaxationTheGraduatePrograminTaxationatChicago-KentCollegeofLawisdesignedtomeettheneedsoffull-time,part-timeornon-degreestudentsseekingthebestinbothatheoreticalandpracticalgraduatetaxeducation.TheprogramfacultyarepartnersinmajorChicagolawfirms,attorneysinthetaxgroupsofnationalaccountingfirms,andfull-timeChicago-Kentfaculty.Classesofferin-depthknowledgeoftaxissuesinvolvedinbusinessandfinancialtransactionsandtheskillsnecessarytoplanthetransactionsbyfacultyroutinelyinvolvedinplanning,resolvingandlitigatingcriticaltaxissues.Formoreinformation,pleasecontacttheOfficeofGraduateAdmissionsat(312)[email protected].
Registration Form: Federal Tax Institute 3 Easy Ways to RegisterOnline: cle.kentlaw.edu Mail: Office of Continuing Legal & Professional Education
IIT Chicago-Kent College of Law 565 West Adams St.
Chicago, IL 60661-3691 Phone: (312) 906-5090
Name (please print) Professional Title
Firm
Address
City State Zip
Telephone Fax
Attorney Registration # Luncheon Ticket:q Check here if you are purchsing a luncheon ticket for Thursday, May 17.
If Chicago-Kent Alumni, list month and year of graduation: Month_____Year_____
q Please check here if you have any special needs and a CLE staff member will contact you.
Payment Informationq Payment by check. Amount enclosed $ ____________________(Make check payable to: Chicago-Kent College of Law)
q Payment by credit card. Amount enclosed $ _________________
q VISA q MasterCard q American Express q Discover
Card # Exp. Date
Security Code
Signature
Program LocationThe conference will be held at Chicago-Kent College of Law, 565 West Adams Street in Chicago. Confirmation of RegistrationA letter of confirmation will be emailed to the address given on your registration form. If you do not receive an email confirmation after registering and before the conference please contact the Office of Continuing Legal & Professional Education at [email protected]. Confirmation of AttendanceA certificate of attendance will be provided at registration. Cancellations and RefundsWritten notification of cancellation is required. A full tuition refund is available if notification is received prior toApril 20, 2012; 25% will be charged if notification is received between April 20 and May 11, 2012. No refunds will be granted after May 11, 2012. MCLE CreditChicago-Kent College of Law is an accredited provider for IL & PA MCLE. This conference is eligible for 9.0 hours of IL MCLE and includes 1.0 hour of ethics credit (pending approval). 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 [email protected]. CPE Credit11.0 hours on a “50-minute” credit hour. Chicago-Kent College of Law is a registered public accountant professional education sponsor in Illinois.
Hotel Accommodations Hotel accommodations for the convenience of out-of-town guests have been made at the Club Quarters, Central Loop. The room rate at the Club Quarters, Central Loop is $179 for single occupancy, plus 15.4% tax. The Club Quarters is a private, no frills hotel designed specifically for the business traveler and is located five blocks east of the law school within easy walking distance. Please make reservations directly with the hotel. Requests for accommodations cannot be assured if made after April 2, 2012.
To Make Reservations:Club Quarters, Central Loop111 W Adams Street Chicago, IL 60603 (203) 905-2100 Voice(203) 348-6401 Faxwww.clubquarters.com/loc_chicago.aspx
Please mention to the hotel reservation receptionist that you are with the Illinois Institute of Technology and use group code “IIT516”
Registration Fee (per person)
Early Registration Fee: $435
After April 18, 2012: $455
Government Rate: $355
Chicago-Kent College of Law Alumni Rate: $355
Luncheon Ticket: $30
Multiple Registrant Firm Ticket: Do you have 4 or more persons from your firm planning to attend? Call (312) 906-5090 for super discount pricing.
General Information
About the Institute: The Institute is designed for experienced practitioners.
Who should attend: Attorneys, accountants, corporate tax directors and staff
31st
ann
ual
Fede
ral T
ax In
stitu
te
Thur
sday
-Fri
day,
May
17-
18, 2
012
565
Wes
t Ada
ms
Stre
et
Chi
cago
, Illi
nois
606
61
Non
-Pro
fit O
rgU.
S. P
osta
gePA
IDCh
icag
o, IL
Perm
it N
o. 7
706
31st annual Federal Tax InstituteThursday-Friday, May 17-18, 2012 Nationally recognized tax advisors provide a comprehensive update on cutting-edge legal, legislative and policy developments and their impact on tax planning, compliance and controversy techniques.
Program at a Glance
Thursday, May 17 (Interactive Panel Discussions and Breakout Sessions)
9:00a.m.-10:30a.m. Federal Tax Law Developments State & Local Tax Developments
10:45a.m.-12:15p.m. (Breakout Sessions) • International Business Restructuring: Tax Considerations • Corporate: Fund Formation, Private Equity Overview • Partnership Issues 12:15p.m.-1:30p.m. Lunch (must purchase ticket to attend) 1:30p.m.-2:45p.m. (Breakout Sessions) • International Business Restructuring: Transfer Pricing Considerations • Corporate: Acquisitions and Dispositions3:00p.m.-4:00p.m. IRS Administration and LB&I Update4:00p.m.-4:30p.m. Keynote Speaker: William J. Wilkins4:30p.m.-5:30p.m. Cocktail & Networking Reception
Friday, May 18 (Interactive Panel Discussions) 9:00a.m.-10:00a.m. Corporate Tax Developments 10:05a.m.-11:20a.m. Legislative & Tax Reform Update 11:25a.m.-12:25p.m. Ethics: E-Discovery Issues
Thursday, May 17, 2012 8:00 a.m.–8:55 a.m. Registration
8:55 a.m.–9:00 a.m. WelcomeGerald Brown Director, Graduate Program in Taxation, Chicago-Kent College of Law Program Moderator Thomas Zollo KPMG LLP 9:00 a.m.–10:30 a.m. Federal Tax Law Developments • Update on the most recent
developments in case law and rulings in the federal income, estate and gift, and employee benefits tax areas. Michael R. FayheeMcDermott, Will & Emery LLP Lydia R.B. KelleyMcDermott, Will & Emery LLP
State and Local Tax Developments • Taxpayers Under Siege—
Discussion of significant cases, rulings and legislative developments impacting state income/franchise, sales and use, gross receipts and other taxes throughout the United States. John A. BiekNeal, Gerber & Eisenberg LLP
10:30 a.m.–10:45 a.m.Break
10:45 a.m.–12:15 p.m.BREAKOUT SESSIONS— CHOOSE ONE International Business Restructuring: Tax Considerations • Multinational enterprises operate in a dynamic environment that forces them to shift research and development, production and distribution across borders to capture competitive advantages. This session will explore the potential tax consequences of such cross-border shifts and potential strategies to manage such consequences. Peter F. Simpson Grant Thornton LLP Thomas Zollo KPMG LLP Corporate: Fund Formation, Private Equity Overview This session will discuss the principal structural and tax issues that arise in the formation of a private equity fund and affiliated entities, and provide an overview of certain recent developments. Topics that will be addressed include: • Fund sponsor and service provider issues, including carried interest and fee arrangements; • Investor issues, including the use of US and offshore entities, tax- exempt investors (unrelated business taxable income), and non-US investors (effectively connected income); • Updates on the carried interest legislation, proposed regulations addressing sovereign investors,
FATCA, and expanded reporting requirements for private equity managers; and • Tax and financing issues relating to investments made by private equity funds. Thomas A. Geraghty Kirkland & Ellis LLP Donald E. Rocap Kirkland & Ellis LLP Partnership Issues • This session will focus on the hot topics in partnership/LLC taxation, including LLC structuring transactions, recent foreign developments and issues pertaining to series LLCs. Chadwick I. Buttell Patzik, Frank & Samotny Ltd. Paul D. Carman Chapman & Cutler LLP Charles R. Levun Levun, Goodman & Cohen LLP 12:15 p.m.–1:30 p.m.Lunch (must purchase ticket to attend)
1:30 p.m.–2:45 p.m.BREAKOUT SESSIONS— CHOOSE ONE International Business Restructuring: Transfer Pricing Considerations • International business restructurings are increasingly common as multinationals seek to accelerate revenue growth and capture operational efficiencies in a highly competitive global market. This session will address a number of transfer pricing issues surrounding business
restructurings, including potential exit charges, post- restructuring pricing and managing tax authority challenges. Stefan Beck Aon Corporation Steven Fortier KPMG LLP Corporate: Acquisitions and Dispositions • This session will focus on recent Subchapter C issues, including combinations involving disregarded entities, basis issues and other current topics.
James R. Barry Mayer Brown LLP Maxwell M. Miller Skadden, Arps, Slate, Meagher & Flom LLP 2:45 p.m.–3:00 p.m.Break 3:00 p.m.–4:00 p.m.IRS Administration and LB&I Update • This session will address the current status of the LB&I realignment and other IRS administration matters. Sergio E. Arellano Industry Director, Retailers, Food, Pharmaceuticals & Healthcare, Internal Revenue Service
Kevin R. Pryor Sidley Austin LLP William J. Wilkins Chief Counsel, Internal Revenue Service
4:00 p.m.–4:30 p.m.IRS Focus William J. Wilkins Chief Counsel, Internal Revenue Service 4:30 p.m.–5:30 p.m.Cocktail & Networking Reception Friday, May 18, 2012 Moderator Thomas Zollo KPMG LLP 9:00 a.m.–10:00 a.m.Corporate Tax Developments • Discussion of corporate tax law developments, including a discussion of recent case law, rulings, and regulatory guidance, including expected IRS guidance. The panel will also explore new developments taking place in the market. William D. Alexander Associate Chief Counsel (Corporate), Internal Revenue Service David S. Raab Latham & Watkins LLP Mark A. Schneider Deloitte Tax LLP 10:00 a.m.–10:05 a.m.Break 10:05 a.m.–11:20 a.m.Legislative & Tax Reform Update • The panel will discuss prospects for federal income tax legislation, focusing on the situation as it exists on the day of this presentation, May 18, 2012.
Topics will include: the President’s FY13 Budget, the looming expiration of the individual tax cuts, the state of play with respect to business tax reform and the potential effect of the November elections. Harry L. “Hank” Gutman KPMG LLP Martin A. Sullivan Tax Analysts 11:20 a.m.–11:25 a.m.Break 11:25 a.m.–12:25 p.m.Ethics: E-Discovery Issues • Preservation and spoliation (Rule
3.4, FRCP 37(e), Zubulake)
• The Search for and production of documents (Qualcomm, Rule 1.1, 3.1, 3.4, FRCP 26(b)(2) (B), claw back and quick-peek agreements, collaboration with opposing counsel) • Preservation of privilege and attorney-client communications (Rule 1.6, Rule 1.13, Lester v. Allied Concrete, FRE 502) • Supervisory responsibilities (Rule 5.1 - 5.3, FRCP 11, ABA 2020 proposed comment to Rule 1.1, FRCP 26(g), ABA opinion on outsourcing 08-451) • Retention and management of client and case e-mail correspondence Wendy J. Muchman Chief of Litigation & Professional Education, Attorney Registration and Disciplinary Commission Karen Sewell Baker & McKenzie LLP
Program Schedule
William J. WilkinsChief CounselInternal Revenue Service
Program Faculty
Keynote Speaker
INSTITUTE CHAIR:Thomas Zollo, KPMG LLP
INSTITUTE VICE-CHAIRS:Gregory W. Gallagher, Kirkland & Ellis LLP David Hoffman, Deloitte Tax LLP Lydia R.B. Kelley, McDermott, Will & Emery LLP
INSTITUTE SPEAKERS: William D. Alexander, Internal Revenue Service Sergio E. Arellano, Internal Revenue Service James R. Barry, Mayer Brown LLP Stefan Beck, Aon CorporationJohn A. Biek, Neal, Gerber & Eisenberg LLPChadwick I. Buttell, Patzik, Frank & Samotny Ltd. Paul D. Carman, Chapman and Cutler LLPMichael R. Fayhee, McDermott, Will & Emery LLP Steven Fortier, KPMG LLPThomas A. Geraghty, Kirkland & Ellis LLPHarry L. “Hank” Gutman, KPMG LLPLydia R.B. Kelley, McDermott, Will & Emery LLP, Institute Vice-Chair Charles R. Levun, Levun, Goodman & Cohen LLP Maxwell M. Miller, Skadden, Arps, Slate, Meagher & Flom LLP Wendy J. Muchman, Attorney Registration and Disciplinary CommissionKevin R. Pryor, Sidley Austin LLP David S. Raab, Latham & Watkins LLP Donald E. Rocap, Kirkland & Ellis LLP Mark A. Schneider, Deloitte Tax LLP Karen Sewell, Baker & McKenzie LLP Peter F. Simpson, Grant Thornton LLP Martin A. Sullivan, Tax Analysts Thomas Zollo, KPMG LLP, Institute Chair
John A. BiekNeal, Gerber & Eisenberg LLP Theodore R. BotsBaker & McKenzie LLP Evelyn BrodyChicago-Kent College of Law Gerald BrownChicago-Kent College of Law Michael A. ClarkSidley Austin LLP Denis J. ConlonMartin, Brown, Sullivan, Roadman & Hartnett Ltd. Louis S. FreemanSkadden, Arps, Slate, Meagher & Flom LLP Jeffrey B. FrishmanGrant Thornton LLP Steven G. FrostChapman and Cutler LLP Gregory W. GallagherKirkland & Ellis LLP Institute Vice-Chair Michael GervasioKPMG LLP David HoffmanDeloitte Tax LLP Institute Vice-Chair
Lydia R.B. KelleyMcDermott, Will & Emery LLP Institute Vice-ChairJoseph M. KronsnobleLatham & Watkins LLPCharles R. LevunLevun, Goodman & Cohen LLPWilliam A. LevyKirkland & Ellis LLPRichard D. LiebmanGrant Thornton LLPJohn B. Palmer IIIFoley & Lardner LLPKevin R. PryorSidley Austin LLPSaul E. RudoKatten Muchin Rosenman LLPSteven W. SwibelDykema Gossett PLLCDeborah T. VillaChicago-Kent College of LawLouis J. Weber IIIWinston & Strawn LLPThomas ZolloKPMG LLP Institute Chair
Federal Tax Institute Planning Committee
LL.M. Program in TaxationTheGraduatePrograminTaxationatChicago-KentCollegeofLawisdesignedtomeettheneedsoffull-time,part-timeornon-degreestudentsseekingthebestinbothatheoreticalandpracticalgraduatetaxeducation.TheprogramfacultyarepartnersinmajorChicagolawfirms,attorneysinthetaxgroupsofnationalaccountingfirms,andfull-timeChicago-Kentfaculty.Classesofferin-depthknowledgeoftaxissuesinvolvedinbusinessandfinancialtransactionsandtheskillsnecessarytoplanthetransactionsbyfacultyroutinelyinvolvedinplanning,resolvingandlitigatingcriticaltaxissues.Formoreinformation,pleasecontacttheOfficeofGraduateAdmissionsat(312)[email protected].
Thursday, May 17, 2012 8:00 a.m.–8:55 a.m. Registration
8:55 a.m.–9:00 a.m. WelcomeGerald Brown Director, Graduate Program in Taxation, Chicago-Kent College of Law Program Moderator Thomas Zollo KPMG LLP 9:00 a.m.–10:30 a.m. Federal Tax Law Developments • Update on the most recent
developments in case law and rulings in the federal income, estate and gift, and employee benefits tax areas. Michael R. FayheeMcDermott, Will & Emery LLP Lydia R.B. KelleyMcDermott, Will & Emery LLP
State and Local Tax Developments • Taxpayers Under Siege—
Discussion of significant cases, rulings and legislative developments impacting state income/franchise, sales and use, gross receipts and other taxes throughout the United States. John A. BiekNeal, Gerber & Eisenberg LLP
10:30 a.m.–10:45 a.m.Break
10:45 a.m.–12:15 p.m.BREAKOUT SESSIONS— CHOOSE ONE International Business Restructuring: Tax Considerations • Multinational enterprises operate in a dynamic environment that forces them to shift research and development, production and distribution across borders to capture competitive advantages. This session will explore the potential tax consequences of such cross-border shifts and potential strategies to manage such consequences. Peter F. Simpson Grant Thornton LLP Thomas Zollo KPMG LLP Corporate: Fund Formation, Private Equity Overview This session will discuss the principal structural and tax issues that arise in the formation of a private equity fund and affiliated entities, and provide an overview of certain recent developments. Topics that will be addressed include: • Fund sponsor and service provider issues, including carried interest and fee arrangements; • Investor issues, including the use of US and offshore entities, tax- exempt investors (unrelated business taxable income), and non-US investors (effectively connected income); • Updates on the carried interest legislation, proposed regulations addressing sovereign investors,
FATCA, and expanded reporting requirements for private equity managers; and • Tax and financing issues relating to investments made by private equity funds. Thomas A. Geraghty Kirkland & Ellis LLP Donald E. Rocap Kirkland & Ellis LLP Partnership Issues • This session will focus on the hot topics in partnership/LLC taxation, including LLC structuring transactions, recent foreign developments and issues pertaining to series LLCs. Chadwick I. Buttell Patzik, Frank & Samotny Ltd. Paul D. Carman Chapman & Cutler LLP Charles R. Levun Levun, Goodman & Cohen LLP 12:15 p.m.–1:30 p.m.Lunch (must purchase ticket to attend)
1:30 p.m.–2:45 p.m.BREAKOUT SESSIONS— CHOOSE ONE International Business Restructuring: Transfer Pricing Considerations • International business restructurings are increasingly common as multinationals seek to accelerate revenue growth and capture operational efficiencies in a highly competitive global market. This session will address a number of transfer pricing issues surrounding business
restructurings, including potential exit charges, post- restructuring pricing and managing tax authority challenges. Stefan Beck Aon Corporation Steven Fortier KPMG LLP Corporate: Acquisitions and Dispositions • This session will focus on recent Subchapter C issues, including combinations involving disregarded entities, basis issues and other current topics.
James R. Barry Mayer Brown LLP Maxwell M. Miller Skadden, Arps, Slate, Meagher & Flom LLP 2:45 p.m.–3:00 p.m.Break 3:00 p.m.–4:00 p.m.IRS Administration and LB&I Update • This session will address the current status of the LB&I realignment and other IRS administration matters. Sergio E. Arellano Industry Director, Retailers, Food, Pharmaceuticals & Healthcare, Internal Revenue Service
Kevin R. Pryor Sidley Austin LLP William J. Wilkins Chief Counsel, Internal Revenue Service
4:00 p.m.–4:30 p.m.IRS Focus William J. Wilkins Chief Counsel, Internal Revenue Service 4:30 p.m.–5:30 p.m.Cocktail & Networking Reception Friday, May 18, 2012 Moderator Thomas Zollo KPMG LLP 9:00 a.m.–10:00 a.m.Corporate Tax Developments • Discussion of corporate tax law developments, including a discussion of recent case law, rulings, and regulatory guidance, including expected IRS guidance. The panel will also explore new developments taking place in the market. William D. Alexander Associate Chief Counsel (Corporate), Internal Revenue Service David S. Raab Latham & Watkins LLP Mark A. Schneider Deloitte Tax LLP 10:00 a.m.–10:05 a.m.Break 10:05 a.m.–11:20 a.m.Legislative & Tax Reform Update • The panel will discuss prospects for federal income tax legislation, focusing on the situation as it exists on the day of this presentation, May 18, 2012.
Topics will include: the President’s FY13 Budget, the looming expiration of the individual tax cuts, the state of play with respect to business tax reform and the potential effect of the November elections. Harry L. “Hank” Gutman KPMG LLP Martin A. Sullivan Tax Analysts 11:20 a.m.–11:25 a.m.Break 11:25 a.m.–12:25 p.m.Ethics: E-Discovery Issues • Preservation and spoliation (Rule
3.4, FRCP 37(e), Zubulake)
• The Search for and production of documents (Qualcomm, Rule 1.1, 3.1, 3.4, FRCP 26(b)(2) (B), claw back and quick-peek agreements, collaboration with opposing counsel) • Preservation of privilege and attorney-client communications (Rule 1.6, Rule 1.13, Lester v. Allied Concrete, FRE 502) • Supervisory responsibilities (Rule 5.1 - 5.3, FRCP 11, ABA 2020 proposed comment to Rule 1.1, FRCP 26(g), ABA opinion on outsourcing 08-451) • Retention and management of client and case e-mail correspondence Wendy J. Muchman Chief of Litigation & Professional Education, Attorney Registration and Disciplinary Commission Karen Sewell Baker & McKenzie LLP
Program Schedule
William J. WilkinsChief CounselInternal Revenue Service
Program Faculty
Keynote Speaker
INSTITUTE CHAIR:Thomas Zollo, KPMG LLP
INSTITUTE VICE-CHAIRS:Gregory W. Gallagher, Kirkland & Ellis LLP David Hoffman, Deloitte Tax LLP Lydia R.B. Kelley, McDermott, Will & Emery LLP
INSTITUTE SPEAKERS: William D. Alexander, Internal Revenue Service Sergio E. Arellano, Internal Revenue Service James R. Barry, Mayer Brown LLP Stefan Beck, Aon CorporationJohn A. Biek, Neal, Gerber & Eisenberg LLPChadwick I. Buttell, Patzik, Frank & Samotny Ltd. Paul D. Carman, Chapman and Cutler LLPMichael R. Fayhee, McDermott, Will & Emery LLP Steven Fortier, KPMG LLPThomas A. Geraghty, Kirkland & Ellis LLPHarry L. “Hank” Gutman, KPMG LLPLydia R.B. Kelley, McDermott, Will & Emery LLP, Institute Vice-Chair Charles R. Levun, Levun, Goodman & Cohen LLP Maxwell M. Miller, Skadden, Arps, Slate, Meagher & Flom LLP Wendy J. Muchman, Attorney Registration and Disciplinary CommissionKevin R. Pryor, Sidley Austin LLP David S. Raab, Latham & Watkins LLP Donald E. Rocap, Kirkland & Ellis LLP Mark A. Schneider, Deloitte Tax LLP Karen Sewell, Baker & McKenzie LLP Peter F. Simpson, Grant Thornton LLP Martin A. Sullivan, Tax Analysts Thomas Zollo, KPMG LLP, Institute Chair
John A. BiekNeal, Gerber & Eisenberg LLP Theodore R. BotsBaker & McKenzie LLP Evelyn BrodyChicago-Kent College of Law Gerald BrownChicago-Kent College of Law Michael A. ClarkSidley Austin LLP Denis J. ConlonMartin, Brown, Sullivan, Roadman & Hartnett Ltd. Louis S. FreemanSkadden, Arps, Slate, Meagher & Flom LLP Jeffrey B. FrishmanGrant Thornton LLP Steven G. FrostChapman and Cutler LLP Gregory W. GallagherKirkland & Ellis LLP Institute Vice-Chair Michael GervasioKPMG LLP David HoffmanDeloitte Tax LLP Institute Vice-Chair
Lydia R.B. KelleyMcDermott, Will & Emery LLP Institute Vice-ChairJoseph M. KronsnobleLatham & Watkins LLPCharles R. LevunLevun, Goodman & Cohen LLPWilliam A. LevyKirkland & Ellis LLPRichard D. LiebmanGrant Thornton LLPJohn B. Palmer IIIFoley & Lardner LLPKevin R. PryorSidley Austin LLPSaul E. RudoKatten Muchin Rosenman LLPSteven W. SwibelDykema Gossett PLLCDeborah T. VillaChicago-Kent College of LawLouis J. Weber IIIWinston & Strawn LLPThomas ZolloKPMG LLP Institute Chair
Federal Tax Institute Planning Committee
LL.M. Program in TaxationTheGraduatePrograminTaxationatChicago-KentCollegeofLawisdesignedtomeettheneedsoffull-time,part-timeornon-degreestudentsseekingthebestinbothatheoreticalandpracticalgraduatetaxeducation.TheprogramfacultyarepartnersinmajorChicagolawfirms,attorneysinthetaxgroupsofnationalaccountingfirms,andfull-timeChicago-Kentfaculty.Classesofferin-depthknowledgeoftaxissuesinvolvedinbusinessandfinancialtransactionsandtheskillsnecessarytoplanthetransactionsbyfacultyroutinelyinvolvedinplanning,resolvingandlitigatingcriticaltaxissues.Formoreinformation,pleasecontacttheOfficeofGraduateAdmissionsat(312)[email protected].
Thursday, May 17, 2012 8:00 a.m.–8:55 a.m. Registration
8:55 a.m.–9:00 a.m. WelcomeGerald Brown Director, Graduate Program in Taxation, Chicago-Kent College of Law Program Moderator Thomas Zollo KPMG LLP 9:00 a.m.–10:30 a.m. Federal Tax Law Developments • Update on the most recent
developments in case law and rulings in the federal income, estate and gift, and employee benefits tax areas. Michael R. FayheeMcDermott, Will & Emery LLP Lydia R.B. KelleyMcDermott, Will & Emery LLP
State and Local Tax Developments • Taxpayers Under Siege—
Discussion of significant cases, rulings and legislative developments impacting state income/franchise, sales and use, gross receipts and other taxes throughout the United States. John A. BiekNeal, Gerber & Eisenberg LLP Theodore R. BotsBaker & McKenzie LLP
10:30 a.m.–10:45 a.m.Break
10:45 a.m.–12:15 p.m.BREAKOUT SESSIONS— CHOOSE ONE International Business Restructuring: Tax Considerations • Multinational enterprises operate in a dynamic environment that forces them to shift research and development, production and distribution across borders to capture competitive advantages. This session will explore the potential tax consequences of such cross-border shifts and potential strategies to manage such consequences. Peter F. Simpson Grant Thornton LLP Thomas Zollo KPMG LLP Corporate: Fund Formation, Private Equity Overview This session will discuss the principal structural and tax issues that arise in the formation of a private equity fund and affiliated entities, and provide an overview of certain recent developments. Topics that will be addressed include: • Fund sponsor and service provider issues, including carried interest and fee arrangements; • Investor issues, including the use of US and offshore entities, tax- exempt investors (unrelated business taxable income), and non-US investors (effectively connected income); • Updates on the carried interest legislation, proposed regulations addressing sovereign investors,
FATCA, and expanded reporting requirements for private equity managers; and • Tax and financing issues relating to investments made by private equity funds. Thomas A. Geraghty Kirkland & Ellis LLP Donald E. Rocap Kirkland & Ellis LLP Partnership Issues • This session will focus on the hot topics in partnership/LLC taxation, including LLC structuring transactions, recent foreign developments and issues pertaining to series LLCs. Chadwick I. Buttell Patzik, Frank & Samotny Ltd. Paul D. Carman Chapman & Cutler LLP Charles R. Levun Levun, Goodman & Cohen LLP 12:15 p.m.–1:30 p.m.Lunch (must purchase ticket to attend)
1:30 p.m.–2:45 p.m.BREAKOUT SESSIONS— CHOOSE ONE International Business Restructuring: Transfer Pricing Considerations • International business restructurings are increasingly common as multinationals seek to accelerate revenue growth and capture operational efficiencies in a highly competitive global market. This session will address a number of transfer pricing issues surrounding business
restructurings, including potential exit charges, post- restructuring pricing and managing tax authority challenges. Stefan Beck Aon Corporation Steven Fortier KPMG LLP Corporate: Acquisitions and Dispositions • This session will focus on recent Subchapter C issues, including combinations involving disregarded entities, basis issues and other current topics.
James R. Barry Mayer Brown LLP Maxwell M. Miller Skadden, Arps, Slate, Meagher & Flom LLP 2:45 p.m.–3:00 p.m.Break 3:00 p.m.–4:00 p.m.IRS Administration and LB&I Update • This session will address the current status of the LB&I realignment and other IRS administration matters. Cynthia B. Lafuente Senior Advisor to the Deputy Commissioner (International) Large Business & International Division, Internal Revenue Service Kevin R. Pryor Sidley Austin LLP William J. Wilkins Chief Counsel, Internal Revenue Service
4:00 p.m.–4:30 p.m.IRS Focus William J. Wilkins Chief Counsel, Internal Revenue Service 4:30 p.m.–5:30 p.m.Cocktail & Networking Reception Friday, May 18, 2012 Moderator Thomas Zollo KPMG LLP 9:00 a.m.–10:00 a.m.Corporate Tax Developments • Discussion of corporate tax law developments, including a discussion of recent case law, rulings, and regulatory guidance, including expected IRS guidance. The panel will also explore new developments taking place in the market. William D. Alexander Associate Chief Counsel (Corporate), Internal Revenue Service David S. Raab Latham & Watkins LLP Mark A. Schneider Deloitte Tax LLP 10:00 a.m.–10:05 a.m.Break 10:05 a.m.–11:20 a.m.Legislative & Tax Reform Update • The panel will discuss prospects for federal income tax legislation, focusing on the situation as it exists on the day of this presentation, May 18, 2012.
Topics will include: the President’s FY13 Budget, the looming expiration of the individual tax cuts, the state of play with respect to business tax reform and the potential effect of the November elections. Harry L. “Hank” Gutman KPMG LLP Martin A. Sullivan Tax Analysts 11:20 a.m.–11:25 a.m.Break 11:25 a.m.–12:25 p.m.Ethics: E-Discovery Issues • Preservation and spoliation
(Rule 3.4, FRCP 37(e), Zubulake)
• The Search for and production of documents (Qualcomm, Rule 1.1, 3.1, 3.4, FRCP 26(b)(2) (B), claw back and quick-peek agreements, collaboration with opposing counsel) • Preservation of privilege and attorney-client communications (Rule 1.6, Rule 1.13, Lester v. Allied Concrete, FRE 502) • Supervisory responsibilities (Rule 5.1 - 5.3, FRCP 11, ABA 2020 proposed comment to Rule 1.1, FRCP 26(g), ABA opinion on outsourcing 08-451) • Retention and management of client and case e-mail correspondence Wendy J. Muchman Chief of Litigation & Professional Education, Attorney Registration and Disciplinary Commission Karen Sewell Baker & McKenzie LLP
Program Schedule
William J. WilkinsChief CounselInternal Revenue Service
Program Faculty
Keynote Speaker
INSTITUTE CHAIR:Thomas Zollo, KPMG LLP
INSTITUTE VICE-CHAIRS:Gregory W. Gallagher, Kirkland & Ellis LLP David Hoffman, Deloitte Tax LLP Lydia R.B. Kelley, McDermott, Will & Emery LLP
INSTITUTE SPEAKERS: William D. Alexander, Internal Revenue Service James R. Barry, Mayer Brown LLP Stefan Beck, Aon CorporationJohn A. Biek, Neal, Gerber & Eisenberg LLPTheodore R. Bots, Baker & McKenzie LLPChadwick I. Buttell, Patzik, Frank & Samotny Ltd. Paul D. Carman, Chapman and Cutler LLPMichael R. Fayhee, McDermott, Will & Emery LLP Steven Fortier, KPMG LLPThomas A. Geraghty, Kirkland & Ellis LLPHarry L. “Hank” Gutman, KPMG LLPLydia R.B. Kelley, McDermott, Will & Emery LLP, Institute Vice-Chair Cynthia B. Lafuente, Internal Revenue Service Charles R. Levun, Levun, Goodman & Cohen LLP Maxwell M. Miller, Skadden, Arps, Slate, Meagher & Flom LLP Wendy J. Muchman, Attorney Registration and Disciplinary CommissionKevin R. Pryor, Sidley Austin LLP David S. Raab, Latham & Watkins LLP Donald E. Rocap, Kirkland & Ellis LLP Mark A. Schneider, Deloitte Tax LLP Karen Sewell, Baker & McKenzie LLP Peter F. Simpson, Grant Thornton LLP Martin A. Sullivan, Tax Analysts Thomas Zollo, KPMG LLP, Institute Chair
John A. BiekNeal, Gerber & Eisenberg LLP Theodore R. BotsBaker & McKenzie LLP Evelyn BrodyChicago-Kent College of Law Gerald BrownChicago-Kent College of Law Michael A. ClarkSidley Austin LLP Denis J. ConlonMartin, Brown, Sullivan, Roadman & Hartnett Ltd. Louis S. FreemanSkadden, Arps, Slate, Meagher & Flom LLP Jeffrey B. FrishmanGrant Thornton LLP Steven G. FrostChapman and Cutler LLP Gregory W. GallagherKirkland & Ellis LLP Institute Vice-Chair Michael GervasioKPMG LLP David HoffmanDeloitte Tax LLP Institute Vice-Chair
Lydia R.B. KelleyMcDermott, Will & Emery LLP Institute Vice-ChairJoseph M. KronsnobleLatham & Watkins LLPCharles R. LevunLevun, Goodman & Cohen LLPWilliam A. LevyKirkland & Ellis LLPRichard D. LiebmanGrant Thornton LLPJohn B. Palmer IIIFoley & Lardner LLPKevin R. PryorSidley Austin LLPSaul E. RudoKatten Muchin Rosenman LLPSteven W. SwibelDykema Gossett PLLCDeborah T. VillaChicago-Kent College of LawLouis J. Weber IIIWinston & Strawn LLPThomas ZolloKPMG LLP Institute Chair
Federal Tax Institute Planning Committee
LL.M. Program in TaxationTheGraduatePrograminTaxationatChicago-KentCollegeofLawisdesignedtomeettheneedsoffull-time,part-timeornon-degreestudentsseekingthebestinbothatheoreticalandpracticalgraduatetaxeducation.TheprogramfacultyarepartnersinmajorChicagolawfirms,attorneysinthetaxgroupsofnationalaccountingfirms,andfull-timeChicago-Kentfaculty.Classesofferin-depthknowledgeoftaxissuesinvolvedinbusinessandfinancialtransactionsandtheskillsnecessarytoplanthetransactionsbyfacultyroutinelyinvolvedinplanning,resolvingandlitigatingcriticaltaxissues.Formoreinformation,pleasecontacttheOfficeofGraduateAdmissionsat(312)[email protected].
Thursday, May 17, 2012 8:00 a.m.–8:55 a.m. Registration
8:55 a.m.–9:00 a.m. WelcomeGerald Brown Director, Graduate Program in Taxation, Chicago-Kent College of Law Program Moderator Thomas Zollo KPMG LLP 9:00 a.m.–10:30 a.m. Federal Tax Law Developments • Update on the most recent
developments in case law and rulings in the federal income, estate and gift, and employee benefits tax areas. Michael R. FayheeMcDermott, Will & Emery LLP Lydia R.B. KelleyMcDermott, Will & Emery LLP
State and Local Tax Developments • Taxpayers Under Siege—
Discussion of significant cases, rulings and legislative developments impacting state income/franchise, sales and use, gross receipts and other taxes throughout the United States. John A. BiekNeal, Gerber & Eisenberg LLP Theodore R. BotsBaker & McKenzie LLP
10:30 a.m.–10:45 a.m.Break
10:45 a.m.–12:15 p.m.BREAKOUT SESSIONS— CHOOSE ONE International Business Restructuring: Tax Considerations • Multinational enterprises operate in a dynamic environment that forces them to shift research and development, production and distribution across borders to capture competitive advantages. This session will explore the potential tax consequences of such cross-border shifts and potential strategies to manage such consequences. Peter F. Simpson Grant Thornton LLP Thomas Zollo KPMG LLP Corporate: Fund Formation, Private Equity Overview This session will discuss the principal structural and tax issues that arise in the formation of a private equity fund and affiliated entities, and provide an overview of certain recent developments. Topics that will be addressed include: • Fund sponsor and service provider issues, including carried interest and fee arrangements; • Investor issues, including the use of US and offshore entities, tax- exempt investors (unrelated business taxable income), and non-US investors (effectively connected income); • Updates on the carried interest legislation, proposed regulations addressing sovereign investors,
FATCA, and expanded reporting requirements for private equity managers; and • Tax and financing issues relating to investments made by private equity funds. Thomas A. Geraghty Kirkland & Ellis LLP Donald E. Rocap Kirkland & Ellis LLP Partnership Issues • This session will focus on the hot topics in partnership/LLC taxation, including LLC structuring transactions, recent foreign developments and issues pertaining to series LLCs. Chadwick I. Buttell Patzik, Frank & Samotny Ltd. Paul D. Carman Chapman & Cutler LLP Charles R. Levun Levun, Goodman & Cohen LLP 12:15 p.m.–1:30 p.m.Lunch (must purchase ticket to attend)
1:30 p.m.–2:45 p.m.BREAKOUT SESSIONS— CHOOSE ONE International Business Restructuring: Transfer Pricing Considerations • International business restructurings are increasingly common as multinationals seek to accelerate revenue growth and capture operational efficiencies in a highly competitive global market. This session will address a number of transfer pricing issues surrounding business
restructurings, including potential exit charges, post- restructuring pricing and managing tax authority challenges. Stefan Beck Aon Corporation Steven Fortier KPMG LLP Corporate: Acquisitions and Dispositions • This session will focus on recent Subchapter C issues, including combinations involving disregarded entities, basis issues and other current topics.
James R. Barry Mayer Brown LLP Maxwell M. Miller Skadden, Arps, Slate, Meagher & Flom LLP 2:45 p.m.–3:00 p.m.Break 3:00 p.m.–4:00 p.m.IRS Administration and LB&I Update • This session will address the current status of the LB&I realignment and other IRS administration matters. Cynthia B. Lafuente Senior Advisor to the Deputy Commissioner (International) Large Business & International Division, Internal Revenue Service Kevin R. Pryor Sidley Austin LLP William J. Wilkins Chief Counsel, Internal Revenue Service
4:00 p.m.–4:30 p.m.IRS Focus William J. Wilkins Chief Counsel, Internal Revenue Service 4:30 p.m.–5:30 p.m.Cocktail & Networking Reception Friday, May 18, 2012 Moderator Thomas Zollo KPMG LLP 9:00 a.m.–10:00 a.m.Corporate Tax Developments • Discussion of corporate tax law developments, including a discussion of recent case law, rulings, and regulatory guidance, including expected IRS guidance. The panel will also explore new developments taking place in the market. William D. Alexander Associate Chief Counsel (Corporate), Internal Revenue Service David S. Raab Latham & Watkins LLP Mark A. Schneider Deloitte Tax LLP 10:00 a.m.–10:05 a.m.Break 10:05 a.m.–11:20 a.m.Legislative & Tax Reform Update • The panel will discuss prospects for federal income tax legislation, focusing on the situation as it exists on the day of this presentation, May 18, 2012.
Topics will include: the President’s FY13 Budget, the looming expiration of the individual tax cuts, the state of play with respect to business tax reform and the potential effect of the November elections. Harry L. “Hank” Gutman KPMG LLP Martin A. Sullivan Tax Analysts 11:20 a.m.–11:25 a.m.Break 11:25 a.m.–12:25 p.m.Ethics: E-Discovery Issues • Preservation and spoliation
(Rule 3.4, FRCP 37(e), Zubulake)
• The Search for and production of documents (Qualcomm, Rule 1.1, 3.1, 3.4, FRCP 26(b)(2) (B), claw back and quick-peek agreements, collaboration with opposing counsel) • Preservation of privilege and attorney-client communications (Rule 1.6, Rule 1.13, Lester v. Allied Concrete, FRE 502) • Supervisory responsibilities (Rule 5.1 - 5.3, FRCP 11, ABA 2020 proposed comment to Rule 1.1, FRCP 26(g), ABA opinion on outsourcing 08-451) • Retention and management of client and case e-mail correspondence Wendy J. Muchman Chief of Litigation & Professional Education, Attorney Registration and Disciplinary Commission Karen Sewell Baker & McKenzie LLP
Program Schedule
William J. WilkinsChief CounselInternal Revenue Service
Program Faculty
Keynote Speaker
INSTITUTE CHAIR:Thomas Zollo, KPMG LLP
INSTITUTE VICE-CHAIRS:Gregory W. Gallagher, Kirkland & Ellis LLP David Hoffman, Deloitte Tax LLP Lydia R.B. Kelley, McDermott, Will & Emery LLP
INSTITUTE SPEAKERS: William D. Alexander, Internal Revenue Service James R. Barry, Mayer Brown LLP Stefan Beck, Aon CorporationJohn A. Biek, Neal, Gerber & Eisenberg LLPTheodore R. Bots, Baker & McKenzie LLPChadwick I. Buttell, Patzik, Frank & Samotny Ltd. Paul D. Carman, Chapman and Cutler LLPMichael R. Fayhee, McDermott, Will & Emery LLP Steven Fortier, KPMG LLPThomas A. Geraghty, Kirkland & Ellis LLPHarry L. “Hank” Gutman, KPMG LLPLydia R.B. Kelley, McDermott, Will & Emery LLP, Institute Vice-Chair Cynthia B. Lafuente, Internal Revenue Service Charles R. Levun, Levun, Goodman & Cohen LLP Maxwell M. Miller, Skadden, Arps, Slate, Meagher & Flom LLP Wendy J. Muchman, Attorney Registration and Disciplinary CommissionKevin R. Pryor, Sidley Austin LLP David S. Raab, Latham & Watkins LLP Donald E. Rocap, Kirkland & Ellis LLP Mark A. Schneider, Deloitte Tax LLP Karen Sewell, Baker & McKenzie LLP Peter F. Simpson, Grant Thornton LLP Martin A. Sullivan, Tax Analysts Thomas Zollo, KPMG LLP, Institute Chair
John A. BiekNeal, Gerber & Eisenberg LLP Theodore R. BotsBaker & McKenzie LLP Evelyn BrodyChicago-Kent College of Law Gerald BrownChicago-Kent College of Law Michael A. ClarkSidley Austin LLP Denis J. ConlonMartin, Brown, Sullivan, Roadman & Hartnett Ltd. Louis S. FreemanSkadden, Arps, Slate, Meagher & Flom LLP Jeffrey B. FrishmanGrant Thornton LLP Steven G. FrostChapman and Cutler LLP Gregory W. GallagherKirkland & Ellis LLP Institute Vice-Chair Michael GervasioKPMG LLP David HoffmanDeloitte Tax LLP Institute Vice-Chair
Lydia R.B. KelleyMcDermott, Will & Emery LLP Institute Vice-ChairJoseph M. KronsnobleLatham & Watkins LLPCharles R. LevunLevun, Goodman & Cohen LLPWilliam A. LevyKirkland & Ellis LLPRichard D. LiebmanGrant Thornton LLPJohn B. Palmer IIIFoley & Lardner LLPKevin R. PryorSidley Austin LLPSaul E. RudoKatten Muchin Rosenman LLPSteven W. SwibelDykema Gossett PLLCDeborah T. VillaChicago-Kent College of LawLouis J. Weber IIIWinston & Strawn LLPThomas ZolloKPMG LLP Institute Chair
Federal Tax Institute Planning Committee
LL.M. Program in TaxationTheGraduatePrograminTaxationatChicago-KentCollegeofLawisdesignedtomeettheneedsoffull-time,part-timeornon-degreestudentsseekingthebestinbothatheoreticalandpracticalgraduatetaxeducation.TheprogramfacultyarepartnersinmajorChicagolawfirms,attorneysinthetaxgroupsofnationalaccountingfirms,andfull-timeChicago-Kentfaculty.Classesofferin-depthknowledgeoftaxissuesinvolvedinbusinessandfinancialtransactionsandtheskillsnecessarytoplanthetransactionsbyfacultyroutinelyinvolvedinplanning,resolvingandlitigatingcriticaltaxissues.Formoreinformation,pleasecontacttheOfficeofGraduateAdmissionsat(312)[email protected].
Registration Form: Federal Tax Institute 3 Easy Ways to RegisterOnline: cle.kentlaw.edu Mail: Office of Continuing Legal & Professional Education
IIT Chicago-Kent College of Law 565 West Adams St.
Chicago, IL 60661-3691 Phone: (312) 906-5090
Name (please print) Professional Title
Firm
Address
City State Zip
Telephone Fax
Attorney Registration # Luncheon Ticket:q Check here if you are purchsing a luncheon ticket for Thursday, May 17.
If Chicago-Kent Alumni, list month and year of graduation: Month_____Year_____
q Please check here if you have any special needs and a CLE staff member will contact you.
Payment Informationq Payment by check. Amount enclosed $ ____________________(Make check payable to: Chicago-Kent College of Law)
q Payment by credit card. Amount enclosed $ _________________
q VISA q MasterCard q American Express q Discover
Card # Exp. Date
Security Code
Signature
Program LocationThe conference will be held at Chicago-Kent College of Law, 565 West Adams Street in Chicago. Confirmation of RegistrationA letter of confirmation will be emailed to the address given on your registration form. If you do not receive an email confirmation after registering and before the conference please contact the Office of Continuing Legal & Professional Education at [email protected]. Confirmation of AttendanceA certificate of attendance will be provided at registration. Cancellations and RefundsWritten notification of cancellation is required. A full tuition refund is available if notification is received prior toApril 20, 2012; 25% will be charged if notification is received between April 20 and May 11, 2012. No refunds will be granted after May 11, 2012. MCLE CreditChicago-Kent College of Law is an accredited provider for IL & PA MCLE. This conference is eligible for 9.0 hours of IL MCLE and includes 1.0 hour of ethics credit (pending approval). 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 [email protected]. CPE Credit11.0 hours on a “50-minute” credit hour. Chicago-Kent College of Law is a registered public accountant professional education sponsor in Illinois.
Hotel Accommodations Hotel accommodations for the convenience of out-of-town guests have been made at the Club Quarters, Central Loop. The room rate at the Club Quarters, Central Loop is $179 for single occupancy, plus 15.4% tax. The Club Quarters is a private, no frills hotel designed specifically for the business traveler and is located five blocks east of the law school within easy walking distance. Please make reservations directly with the hotel. Requests for accommodations cannot be assured if made after April 2, 2012.
To Make Reservations:Club Quarters, Central Loop111 W Adams Street Chicago, IL 60603 (203) 905-2100 Voice(203) 348-6401 Faxwww.clubquarters.com/loc_chicago.aspx
Please mention to the hotel reservation receptionist that you are with the Illinois Institute of Technology and use group code “IIT516”
Registration Fee (per person)
Early Registration Fee: $435
After April 18, 2012: $455
Government Rate: $355
Chicago-Kent College of Law Alumni Rate: $355
Luncheon Ticket: $30
Multiple Registrant Firm Ticket: Do you have 4 or more persons from your firm planning to attend? Call (312) 906-5090 for super discount pricing.
General Information
About the Institute: The Institute is designed for experienced practitioners.
Who should attend: Attorneys, accountants, corporate tax directors and staff
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31st annual Federal Tax InstituteThursday-Friday, May 17-18, 2012 Nationally recognized tax advisors provide a comprehensive update on cutting-edge legal, legislative and policy developments and their impact on tax planning, compliance and controversy techniques.
Program at a Glance
Thursday, May 17 (Interactive Panel Discussions and Breakout Sessions)
9:00a.m.-10:30a.m. Federal Tax Law Developments State & Local Tax Developments
10:45a.m.-12:15p.m. (Breakout Sessions) • International Business Restructuring: Tax Considerations • Corporate: Fund Formation, Private Equity Overview • Partnership Issues 12:15p.m.-1:30p.m. Lunch (must purchase ticket to attend) 1:30p.m.-2:45p.m. (Breakout Sessions) • International Business Restructuring: Transfer Pricing Considerations • Corporate: Acquisitions and Dispositions3:00p.m.-4:00p.m. IRS Administration and LB&I Update4:00p.m.-4:30p.m. Keynote Speaker: William J. Wilkins4:30p.m.-5:30p.m. Cocktail & Networking Reception
Friday, May 18 (Interactive Panel Discussions) 9:00a.m.-10:00a.m. Corporate Tax Developments 10:05a.m.-11:20a.m. Legislative & Tax Reform Update 11:25a.m.-12:25p.m. Ethics: E-Discovery Issues
Registration Form: Federal Tax Institute 3 Easy Ways to RegisterOnline: cle.kentlaw.edu Mail: Office of Continuing Legal & Professional Education
IIT Chicago-Kent College of Law 565 West Adams St.
Chicago, IL 60661-3691 Phone: (312) 906-5090
Name (please print) Professional Title
Firm
Address
City State Zip
Telephone Fax
Attorney Registration # Luncheon Ticket:q Check here if you are purchsing a luncheon ticket for Thursday, May 17.
If Chicago-Kent Alumni, list month and year of graduation: Month_____Year_____
q Please check here if you have any special needs and a CLE staff member will contact you.
Payment Informationq Payment by check. Amount enclosed $ ____________________(Make check payable to: Chicago-Kent College of Law)
q Payment by credit card. Amount enclosed $ _________________
q VISA q MasterCard q American Express q Discover
Card # Exp. Date
Security Code
Signature
Program LocationThe conference will be held at Chicago-Kent College of Law, 565 West Adams Street in Chicago. Confirmation of RegistrationA letter of confirmation will be emailed to the address given on your registration form. If you do not receive an email confirmation after registering and before the conference please contact the Office of Continuing Legal & Professional Education at [email protected]. Confirmation of AttendanceA certificate of attendance will be provided at registration. Cancellations and RefundsWritten notification of cancellation is required. A full tuition refund is available if notification is received prior toApril 20, 2012; 25% will be charged if notification is received between April 20 and May 11, 2012. No refunds will be granted after May 11, 2012. MCLE CreditChicago-Kent College of Law is an accredited provider for IL & PA MCLE. This conference is eligible for 9.0 hours of IL MCLE and includes 1.0 hour of ethics credit (pending approval). 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 [email protected]. CPE Credit11.0 hours on a “50-minute” credit hour. Chicago-Kent College of Law is a registered public accountant professional education sponsor in Illinois.
Hotel Accommodations Hotel accommodations for the convenience of out-of-town guests have been made at the Club Quarters, Central Loop. The room rate at the Club Quarters, Central Loop is $179 for single occupancy, plus 15.4% tax. The Club Quarters is a private, no frills hotel designed specifically for the business traveler and is located five blocks east of the law school within easy walking distance. Please make reservations directly with the hotel. Requests for accommodations cannot be assured if made after April 2, 2012.
To Make Reservations:Club Quarters, Central Loop111 W Adams Street Chicago, IL 60603 (203) 905-2100 Voice(203) 348-6401 Faxwww.clubquarters.com/loc_chicago.aspx
Please mention to the hotel reservation receptionist that you are with the Illinois Institute of Technology and use group code “IIT516”
Registration Fee (per person)
Early Registration Fee: $435
After April 18, 2012: $455
Government Rate: $355
Chicago-Kent College of Law Alumni Rate: $355
Luncheon Ticket: $30
Multiple Registrant Firm Ticket: Do you have 4 or more persons from your firm planning to attend? Call (312) 906-5090 for super discount pricing.
General Information
About the Institute: The Institute is designed for experienced practitioners.
Who should attend: Attorneys, accountants, corporate tax directors and staff
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31st annual Federal Tax InstituteThursday-Friday, May 17-18, 2012 Nationally recognized tax advisors provide a comprehensive update on cutting-edge legal, legislative and policy developments and their impact on tax planning, compliance and controversy techniques.
Program at a Glance
Thursday, May 17 (Interactive Panel Discussions and Breakout Sessions)
9:00a.m.-10:30a.m. Federal Tax Law Developments State & Local Tax Developments
10:45a.m.-12:15p.m. (Breakout Sessions) • International Business Restructuring: Tax Considerations • Corporate: Fund Formation, Private Equity Overview • Partnership Issues 12:15p.m.-1:30p.m. Lunch (must purchase ticket to attend) 1:30p.m.-2:45p.m. (Breakout Sessions) • International Business Restructuring: Transfer Pricing Considerations • Corporate: Acquisitions and Dispositions3:00p.m.-4:00p.m. IRS Administration and LB&I Update4:00p.m.-4:30p.m. Keynote Speaker: William J. Wilkins4:30p.m.-5:30p.m. Cocktail & Networking Reception
Friday, May 18 (Interactive Panel Discussions) 9:00a.m.-10:00a.m. Corporate Tax Developments 10:05a.m.-11:20a.m. Legislative & Tax Reform Update 11:25a.m.-12:25p.m. Ethics: E-Discovery Issues
