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