NEW
YORK UNIVERSITY
School of Continuing and Professional Studies
division of programs in business
SUMMER INSTITUTE
IN TAXATION
JULY 14–25, 2008
THE WESTIN NEW YORK
Introduction to International Taxation*
July 14–16, 2008
Advanced International Taxation
July 17–18, 2008
Introduction to Trusts and Estates*
July 14–16, 2008
Institute on Federal Wealth Taxation
July 17–18, 2008
Introduction to State and Local Taxation*
July 21–23, 2008
State and Local Taxation II
July 24–25, 2008
Introduction to Partnerships*
July 21–23, 2008
Introduction to Consolidated Returns*
July 23–25, 2008
*These courses are available for transitional credit. Look inside for details.
WWW.SCPS.NYU.EDU/SUMTAX
Administration
Robert Lapiner, Ph.D.
Dean
School of Continuing and Professional Studies
Anthony Davidson, Ph.D.
Divisional Dean and Clinical Professor
Division of Programs in Business
John Gamino, J.D., LL.M., CPA
Academic Chair and Clinical Assistant Professor
Department of Accounting, Taxation, and Legal Programs
Kathleen Costello, CMP
Assistant Director
Department of Accounting, Taxation, and Legal Programs
Sponsors
New York University thanks the following organizations for their contribution to the enhancement and
continued success of the Summer Institute in Taxation:
New York University is an affirmative action/equal opportunity institution.
summer institute in taxation
July 14–25, 2008
WHY NYU?
New York University has been a leader in
continuing professional education for more
than 70 years. We have a unique ability to
blend the scholarly resources of the university
with the practical know-how of the world-class
professional community that surrounds us.
Our longstanding tradition of excellence in
continuing legal, accounting, and financial
programs means that we attract the best
and brightest to our faculty of speakers. As
an educational institution, we are committed
to providing the highest quality learning
experience for our participants.
WHO SHOULD ATTEND?
Our intensive tax conferences are ideal for the new professional who wants a solid foundation in a
specialized area of law or tax practice. Practicing attorneys and accountants attend to refresh their
knowledge and learn about new developments in legislation and regulations. Attend the introductory
conferences and acquire critical new skills and practical knowledge you can use immediately. Attend
the intermediate/advanced conferences and receive a high-level update and in-depth analysis of the
latest trends and developments.
CONTINUING EDUCATION CREDIT
In addition to meeting the educational requirements of many organizations and agencies, the introductory conferences are also available for New York transitional Continuing Legal Education (CLE)
credit for newly admitted attorneys. These programs continue to be open to experienced attorneys
and accountants seeking to refresh their practice skills or develop new ones. See the “General
Information” section at the end of this brochure for more details.
LEARNING OBJECTIVES/PROGRAM LEVELS/PREREQUISITES
See individual conference agendas for learning objectives, program levels, and prerequisites.
INSTRUCTIONAL METHOD
Group Live.
ADVANCED PREPARATION
None.
CONFERENCE LOCATION AND ACCOMMODATIONS
All of the conferences will be held at The Westin New York at Times Square, a state-of-the-art
conference facility in the heart of the theater district. We have arranged a group rate of $329.
See the “General Information” section at the end of this brochure for more details.
New York University reserves the right to change, with or without notice, any statement in this brochure concerning, but not
limited to, rules, policies, tuition, fees, curriculum, courses, and programs.
for more information, call (212) 992-3320
1
introduction to international taxation
july 14–16, 2008
Chair: William B. Sherman, Esq., partner, Holland & Knight LLP, Fort Lauderdale, FL
day 1
8.30–8.45 a.m.
Introduction and Overview
William B. Sherman, Esq., partner, Holland & Knight LLP, Fort Lauderdale, FL
8.45–10 a.m.,
10.15 a.m.–12 noon
U.S. Taxation of Foreign Persons
10–10.15 a.m.
Refreshment Break
12 noon–1.15 p.m.
Lunch Recess
1.15–2.15 p.m.
Pre-Immigration Planning and Ethical Issues in
Representing the Foreign Individual
Source of income; U.S. trade or business; effectively connected income; FDAP
income; withholding taxes; FIRPTA; branch profits tax; branch level interest tax;
earnings stripping; anti-conduit financing.
Hope P. Krebs, Esq., partner, Duane Morris LLP, Philadelphia, PA
Kevin E. Packman, Esq., senior associate, Holland & Knight LLP, Miami, FL
2.15–3.15 p.m.
State and Local Issues for Multinationals
Intragroup transfers; unitary tax issues; treaty issues; financing and other planning
opportunities.
Alvan L. Bobrow, Esq., partner, Hodgson Russ LLP, New York, NY
3.15–3.30 p.m.
Refreshment Break
3.30–4.30 p.m.
Tax Treaty Primer—An Overview of
Tax Treaty Planning Techniques
Lawrence A. Pollack, Esq., partner, KPMG LLP, New York, NY
day 2
8.30–10 a.m.
Section 367
Michael J. Miller, Esq., partner, Roberts & Holland LLP, New York, NY
10–10.15 a.m.
Refreshment Break
10.15 a.m.–12 noon
Transfer Pricing
General rules of Section 482; transfers of tangible and intangible property; services
and loans; economic analysis; correlative relief; APAs; cost sharing agreements.
Marc M. Levey, Esq., partner, Baker & McKenzie LLP, New York, NY
12 noon–1.15 p.m.
Lunch Recess
1.15–3 p.m.,
3.15–4.30 p.m.
Direct and Indirect Foreign Tax Credit and
Foreign Tax Credit Limitation
Sections 901, 902, and 904.
Richard E. Andersen, Esq., partner, Arnold & Porter LLP, New York, NY
3–3.15 p.m.
Refreshment Break
day 3
8.30–10.15 a.m.,
10.30 a.m.–12 noon
10.15–10.30 a.m.
2
Subpart F
Definition of CFC; subpart F income; exceptions and limitations on subpart F
income; Section 956; distributions of previously taxed income.
William B. Sherman, Esq., partner, Holland & Knight LLP, Fort Lauderdale, FL
William L. Bricker, Jr., Esq., partner, Curtis, Mallet-Prevost, Colt & Mosle LLP,
New York, NY
Refreshment Break
to register, visit www.scps.nyu.edu/sumtax
12 noon–1.15 p.m.
Lunch Recess
1.15–2.15 p.m.
Passive Foreign Investment Companies
Hope P. Krebs, Esq., partner, Duane Morris LLP, Philadelphia, PA
2.15–3.15 p.m.,
3.30–4.30 p.m.
Case Studies for Outbound and Inbound Investment
3.15–3.30 p.m.
Refreshment Break
4.30 p.m.
Conference Concludes
William B. Sherman, Esq., partner, Holland & Knight LLP, Fort Lauderdale, FL
Michael J. Miller, Esq., partner, Roberts & Holland LLP, New York, NY
Alan I. Appel, Esq., counsel, Bryan Cave LLP, New York, NY
learning objectives
On completing this program, you acquire a broad-based foundation in the federal income taxation of
cross-border (both “inbound” and “outbound”) transactions and circumstances. In particular, you gain
exposure to:
• The relationship between income tax treaties and the Internal Revenue Code generally, including the
standard subject-matter coverage of such treaties and when and how treaties override Code provisions
• The basics of transfer pricing, including a comparison of U.S. transfer pricing rules to those of other
countries and the mechanisms for addressing conflicts
• The nature and application of withholding taxes and other “toll charges” on the movement of money
and property across borders
• U.S. compliance and reporting issues faced as a result of doing business globally, include Subpart F
and foreign tax credit rules
Program Level: Basic
Prerequisite: None
advanced international taxation
july 17–18, 2008
Chair: William B. Sherman, Esq., partner, Holland & Knight LLP, Fort Lauderdale, FL
day 1
8.30–8.45 a.m.
Introduction and Overview
William B. Sherman, Esq., partner, Holland & Knight LLP, Fort Lauderdale, FL
8.45–10 a.m.
International Tax Issues in Private Equity
Peter A. Glicklich, Esq., partner, Davies Ward Phillips & Vineberg LLP,
New York, NY
10–11 a.m.
Cross Border Real Estate Investing: Partnership and
Other Traps, Opportunities, and Ethical Considerations
Alan I. Appel, Esq., counsel, Bryan Cave LLP, New York, NY
Michael Hirschfeld, Esq., partner, Dechert LLP, New York, NY
11–11.15 a.m.
Refreshment Break
11.15 a.m.–
12.15 p.m.
Foreign Tax Credit Planning Techniques and Recent Issues
12.15–1.30 p.m.
Lunch Recess
1.30–2.30 p.m.
Foreign Currency Transactions—Opportunities and Risks
This session addresses how companies are contemplating restructuring to address
the new rules. In addition, U.S. level planning, e.g., minimizing expense apportionment against foreign source income, is discussed.
Donald V. Proper, Esq., partner, Ernst & Young LLP, New York, NY
Andrea S. Kramer, partner, McDermott Will & Emery LLP, Chicago, IL
for more information, call (212) 992-3320
3
2.30–3.15 p.m.
Developments in the IRS Attack on
“Foreign Tax Credit Arbitrage”
Diana L. Wollman, Esq., partner, Sullivan & Cromwell LLP, New York, NY
S. Eric Wang, Esq., associate, Sullivan & Cromwell LLP, London, UK
3.15–3.30 p.m.
Refreshment Break
3.30–4.30 p.m.
Tax Treaty Developments
Richard E. Andersen, Esq., partner, Arnold & Porter LLP, New York, NY
day 2
8.30–10 a.m.
International Mergers and Acquisitions Planning Techniques
William S. Dixon, Esq., managing director, mergers and acquisitions, Citigroup
Global Markets, Inc., New York, NY
Stephen E. Shay, Esq., partner, Ropes & Gray LLP, Boston, MA
10–10.15 a.m.
Refreshment Break
10.15–11.15 a.m.
Foreign Hybrid Entities—Overview and Update on
U.S. Deferral Planning Techniques
Lawrence A. Pollack, Esq., partner, KPMG LLP, New York, NY
11.15 a.m.–
12.15 p.m.
UK and European Union Tax Update
Jonathan Fox, head of international tax services, Northern Europe, Middle East,
India, and Africa, Ernst & Young LLP, New York, NY
12.15–1.30 p.m.
Lunch Recess
1.30–3 p.m.
Use of Derivatives in International Tax Planning
Jeffrey L. Rubinger, Esq., partner, Holland & Knight LLP, Fort Lauderdale, FL
Mark H. Leeds, Esq., shareholder, Greenberg Traurig, LLP, New York, NY
3–4 p.m.
Tax Planning for Intangibles/Focus on
Marketing Intangibles and Cost Sharing
Philip W. Carmichael, M.B.A., director of economics, Baker & McKenzie
Consulting LLC, New York, NY
Steven C. Wrappe, Esq., partner, Ernst & Young LLP, Washington, D.C.
4 p.m.
Conference Concludes
learning objectives
On completing this program, you acquire sophisticated knowledge with respect to “hot button” issues and
opportunities in international taxation such as:
• Planning and pitfalls applicable to doing business globally, including the use of hybrid U.S. and
foreign entities and investment structures
• Foreign tax credit and other strategies for avoiding the double taxation of repatriated and
non-repatriated foreign earnings
• Foreign currency translation and transactions, including both investment and “trade or business”
rules and applications
• Foreign investment in U.S. real property and U.S. taxpayers’ investments in foreign real estate
• Transfer pricing strategies involving intangible assets and services
Program Level: Update
Prerequisite: Knowledge of international taxation
4
to register, visit www.scps.nyu.edu/sumtax
introduction to trusts and estates
july 14–16, 2008
Chair: Joseph P. Scorese, Esq., partner, Harwood Lloyd LLC, Hackensack, NJ
day 1
8.30–8.45 a.m.
Introduction and Overview
Joseph P. Scorese, Esq., partner, Harwood Lloyd LLC, Hackensack, NJ
8.45–9.45 a.m.
Estate Taxes I: Understanding the Tax and the Gross Estate
Tax rates and credits; definition of gross estate; powers of appointment; life
insurance; joint interests; transfer with retained life estates.
Mitchell A. Drossman, Esq., CPA, national director of wealth planning strategies,
U.S. Trust, Bank of America Private Wealth Management, New York, NY
9.45–10.45 a.m.
Estate Taxes II: Spousal Transfers and Credits
Marital deduction rules in general; QTIP Trust; Qualified Domestic Trust; unified
credit; credit for tax on prior transfers.
Darren M. Wallace, Esq., counsel, Day Pitney LLP, Stamford, CT
10.45–11 a.m.
Refreshment Break
11 a.m.–12 noon
Estate Taxes III: Important Deductions
Expenses of administration, indebtedness, and taxes; charitable transfers.
Susan R. Schoenfeld, Esq., CPA, principal and associate fiduciary counsel,
Bessemer Trust Company, N.A., New York, NY
12 noon–1 p.m.
Lunch Recess
1–2.15 p.m.
Estate Taxes IV: Valuation Issues That Drive the Wealth Tax
Fair market value as applied to transfer taxes; asset valuations in general; closelyheld business valuation issues; family limited partnerships valuation discounts and
abuses; Chapter 14 and the special valuation rules.
John M. Olivieri, Esq., partner, White & Case LLP, New York, NY
2.15–2.30 p.m.
Refreshment Break
2.30–4.30 p.m.
Estate Taxes V: Filing the Return and Surviving the Audit
Procedure and administration; returns, audit, and post-audit controversies; liability
for tax; recovery rights; moot estate tax audit.
Dean L. Surkin, Esq., principal, Rosen Seymour Shapss Martin & Co., New York, NY
day 2
8.30–8.45 a.m.
“Re-Group and Redux”
Joseph P. Scorese, Esq., partner, Harwood Lloyd LLC, Hackensack, NJ
8.45–10.30 a.m.
Lifetime Transfers and the Federal Gift Tax
Completed gifts; deductions; annual exclusions; Crummey trusts; valuation rules;
disclaimers; powers of appointment.
Catherine G. Schmidt, Esq., partner, Patterson Belknap Webb & Tyler LLP,
New York, NY
10.30–10.45 a.m.
Refreshment Break
10.45 a.m.–12 noon
An Introduction to State Death Taxes
“De-coupled” state estate taxes; state inheritance taxes; planning considerations.
Laura A. Kelly, Esq., partner, McCarter & English, LLP, Newark, NJ
12 noon–1 p.m.
Lunch Recess
1–3 p.m.
Income Taxation of Trusts, Estates and Beneficiaries
Introduction to federal fiduciary income tax concepts; taxable income and rates;
distributable net income (DNI); grantor trusts; income in respect of a decedent;
basis of assets in the hands of beneficiaries; capital gains taxes; principal and income
issues in fiduciary taxation.
Sharon L. Klein, Esq., senior vice president, trust counsel and director of estate
advisement, Fiduciary Trust Company International, New York, NY
Craig S. Richards, CPA/PFS, CFP, senior vice president and director of tax
services, Fiduciary Trust Company International, New York, NY
for more information, call (212) 992-3320
5
3–3.15 p.m.
Refreshment Break
3.15–4.30 p.m.
Post Mortem Estate Planning
Executor’s elections in general; fiscal year election and IRC §645 election; uses of
alternate valuation; filing extensions and deferrals of payment of estate tax; income
vs. estate tax deductions; strategic wealth planning for survivors; interaction
between income and estate tax elections for the decedent and his/her estate.
Michael M. Mariani, Esq., senior vice president, deputy general trust counsel and
director of trust and estate services, Fiduciary Trust Company International,
New York, NY
day 3
8.30–8.45 a.m.
“Re-Group and Redux”
Joseph P. Scorese, Esq., partner, Harwood Lloyd LLC, Hackensack, NJ
8.45–10.15 a.m.
Estate and Gift Tax Planning for Non-Resident Aliens
Estate and gift tax; foreign trust taxation; planning for U.S. assets and for
U.S. beneficiaries.
Gideon Rothschild, Esq., partner, Moses & Singer LLP, New York, NY
10.15–10.30 a.m.
Refreshment Break
10.30 a.m.–12 noon
Multi-Generational Planning and
the Generation-Skipping Transfer Tax
Tax imposed, definition of generation-skipping transfer; allocation of GST exemption; inclusion ratio, generation assignment, effective planning techniques, utilizing
exemptions and exclusions including use of dynasty trusts.
Joseph P. Scorese, Esq., partner, Harwood Lloyd LLC, Hackensack, NJ
12 noon–1 p.m.
Lunch Recess
1–2.30 p.m.
Estate and Tax Planning for Qualified Plan and
IRA Distributions
Estate and income tax impact of beneficiary designations.
Brad J. Richter, Esq., partner, Fried, Frank, Harris, Shriver & Jacobson LLP,
New York, NY
2.30–2.45 p.m.
Refreshment Break
2.45–4 p.m.
Executive Compensation and Life Insurance
Estate planning strategies for corporate executives.
Robert K. Barbetti, Esq., managing director, advice lab, JP Morgan Private Bank,
New York, NY
4–4.30 p.m.
Wrap-Up
4.30 p.m.
Conference Concludes
learning objectives
On completing this program, you acquire an understanding of the varieties of taxes and tax issues
applicable to gratuitous transfers by individuals and trusts and estates:
• The fundamentals of the estate tax, gift tax, and generation-skipping transfer tax are explored,
including inclusions and exclusions, common valuation issues, and typical resolutions
• Where and how the liability for the estate tax is handled both as a compliance matter and as a matter
of the impact of the tax on estate assets and distributions
• The ancillary impact of the estate tax rules including basis rules applicable to assets distributed from
the estate to beneficiaries
• The basics and differences in planning before and after death with emphasis on the relationship of the
gift tax to the estate tax and planning opportunities involving spouses and family members
Program Level: Basic
Prerequisite: None
6
to register, visit www.scps.nyu.edu/sumtax
institute on federal wealth taxation
july 17–18, 2008
Chair: Jerald David August, Esq., partner, Fox Rothschild LLP,
West Palm Beach, FL and Philadelphia, PA
day 1
9–10.30 a.m.
Update on Family Limited Partnerships and
Litigation Strategies by the Internal Revenue Service
This session explores the set of recent circuit courts decisions and those of the Tax
Court that have addressed the meaning of the bona fide sale parenthetical to the
“string provisions,” as well as the application of the Byrum principle to family
limited partnerships.
Jerald David August, Esq., partner, Fox Rothschild LLP, West Palm Beach, FL
and Philadelphia, PA
Guy B. Maxfield, Esq., senior counsel, Fox Rothschild LLP, West Palm Beach, FL
10.30–10.45 a.m.
Refreshment Break
10.45 a.m.–12 noon
Estate Planning for Privately Owned Business Including
Generational Planning
A discussion of estate planning techniques for owners of privately owned businesses
operated as partnerships, limited liability companies, and S corporations, including
outright gifts, preferred interest freezes, GRATs, installment sales, SCINS, private
annuities, and the use of defective grantor trusts with one or more of these techniques
to transfer ownership and control of the closely-held business to the next generation.
C. Wells Hall, III, Esq., partner, Mayer Brown LLP, Charlotte, NC
12 noon–1.15 p.m.
Lunch Recess
1.15–2.45 p.m.
Selected Topics in Generation-Skipping Transfer Tax Planning:
Special Rules on GST Exemption Allocation; Protecting
Grandfathered Trusts, Dynasty Trust Planning, and Other
Specific GST Trust Applications
This presentation reviews the rules governing allocation of the GST exemption,
including the timing of allocations and computation of inclusion ratios; rules
governing automatic and deemed allocations; identification of situations where
GST allocations were missed or improperly made, and understanding the special
rules permitting late allocations of GST exemption, including Section 9100 relief.
The speaker also discusses permissible transactions with GST “grandfathered”
trusts, GST considerations in structuring dynasty trusts, allocation of GST exemption to ILITs and other “Crummey” trusts, and the interplay of the GST tax and
charitable giving.
Douglas L. Siegler, Esq., partner, Sutherland Asbill & Brennan LLP,
Washington, D.C.
2.45–3 p.m.
Refreshment Break
3–4.30 p.m.
Recent Cases and Developments in Fiduciary Administration
The challenges of fiduciary administration have become more complex and errors
come with a higher price tag than ever before. This session focuses on several areas
of particular difficulty: business interests held in a trust or estate; recent changes
that affect administration of charitable entities and philanthropic planning; tax
planning, and investment management, with a focus on recent litigation. The
presentation also looks at changes in the industry as a result of changing demographics, evolving client expectations, and increased financial uncertainty. This
review helps the professional advisor identify and respond to concerns of
(1) individual clients concerned about wealth management and intra-generational
planning; (2) fiduciaries, whether professional or family, seeking advice on effective
administration; and (3) trust and estate beneficiaries.
Jo Ann Engelhardt, Esq., managing director, Bessemer Trust, Palm Beach, FL
for more information, call (212) 992-3320
7
day 2
9–10.15 a.m.
Selected Post-Mortem Income Tax Planning Techniques for
Partners and Shareholders
Although estate planners generally do not want to get involved in income tax
issues, there are many income tax traps in the administration of estates which they
should be aware of to better serve their clients. This session covers which entities
are taxed on the income from flow through entities for the year in which death
occurs, S qualification issues respecting trusts, optional adjustment to basis issues,
income tax issues on sales and redemptions of interests after death, income in
respect of decedent issues, and gain recognition issues on satisfaction of bequests,
among others.
Robert R. Casey, Esq., partner, Jones, Walker, Waechter, Poitevnet,
Carrère & Denègre, L.L.P., Baton Rouge, LA
10.15–10.30 a.m.
Refreshment Break
10.30 a.m.–12 noon
Estate Planning for Owners of Real Estate
The panel considers the management and ownership of a real estate entrepreneur’s
assets in ways best attuned to minimizing estate and gift taxes. The discussion
includes forms of ownership, business succession concerns, gifting and/or sales
techniques that are particularly well-suited for real estate holdings and methods of
providing for the payment of estate and gift taxes in the most cost efficient ways.
Stefan F. Tucker, Esq., partner, Venable LLP, Washington, D.C.
Mary Ann Mancini, Esq., partner, Bryan Cave LLP, Washington, D.C.
12 noon–1.15 p.m.
Lunch Recess
1.15–2.15 p.m.
Should the Existing Estate Tax be Replaced by an Accession Tax?
The accessions tax is a tax on the cumulative lifetime gratuitous receipts of a
person. The accessions tax is politically less vulnerable than an estate tax and
offers vast simplification advantages over the existing system, which is beyond
any possibility of serious reform.
Joseph M. Dodge, Esq., professor of law, Florida State University College of Law,
Tallahassee, FL
2.15–3.15 p.m.
Planning in Contemplation of Estate Tax Reform
This session discusses a brief history of the evolution of the estate tax and an
examination of the specific provisions of estate tax reform bills which narrowly
failed over the last three years. Particular emphasis is given to the operation of,
and planning options related to, the proposed new “portability” of the estate tax
exemption to a surviving spouse.
Louis Nostro, Esq., partner, Shutts & Bowen LLP, Miami, FL
3.15–3.30 p.m.
Refreshment Break
institute on federal wealth taxation board of directors
Farhad Aghdami, Esq., partner,
Williams Mullen, Richmond, VA
Jerald David August, Esq.,
partner, Fox Rothschild LLP,
West Palm Beach, FL and
Philadelphia, PA
Victoria B. Bjorklund, Esq.,
partner, Simpson Thacher &
Bartlett LLP, New York, NY
Jonathan G. Blattmachr, Esq.,
partner, Milbank, Tweed, Hadley
& McCloy LLP, New York, NY
Robert R. Casey, Esq., partner,
Jones, Walker, Waechter, Poitevnet,
Carrère & Denègre, L.L.P., Baton
Rouge, LA
8
Jo Ann Engelhardt, Esq.,
managing director, Bessemer
Trust, Palm Beach, FL
Guy B. Maxfield, Esq., senior
counsel, Fox Rothschild LLP,
West Palm Beach, FL
C. Wells Hall, III, Esq., partner, Carlyn S. McCaffrey, Esq.,
Mayer Brown LLP, Charlotte, NC partner, Weil, Gotshal & Manges
LLP, New York, NY
T. Randolph Harris, Esq.,
partner, McLaughlin & Stern,
LLP, New York, NY
Douglas L. Siegler, Esq.,
partner, Sutherland Asbill &
Brennan LLP, Washington, D.C.
Edward F. Koren, Esq., partner,
Holland & Knight LLP, Tampa, FL Barbara A. Sloan, Esq., partner,
Robert C. Lawrence, III, Esq., McLaughlin & Stern, LLP,
partner, Cadwalader, Wickersham New York, NY
& Taft LLP, New York, NY
John R. MacDonald, CPA,
partner, compensation & benefits,
Smart and Associates LLP,
Portland, OR
John B. Stine, II, Esq.,
partner-in-charge, tax services,
Smart and Associates LLP,
Devon, PA
To register, visit www.scps.nyu.edu/sumtax
3.30–5 p.m.
Panel Discussion: Ethical Standards of Tax Practice for Estate
Planners and Tax Advisors; Circular 230, Revisions to the Tax
Return Preparer Rules and Conflicts of Interests
The panel discusses the impact of the revised Tax Return Preparer rules and guidelines on estate planners and tax advisors in general. The current rules pose ethical
issues for practitioners in advising clients. The guidelines further effect the standards of practice before the IRS under Circular 230.
Jerald David August, Esq., partner, Fox Rothschild LLP, West Palm Beach, FL and
Philadelphia, PA
Guy B. Maxfield, Esq., senior counsel, Fox Rothschild LLP, West Palm Beach, FL
Stefan F. Tucker, Esq., partner, Venable LLP, Washington, D.C.
5 p.m.
Conference Concludes
learning objectives
On completing this program, you move beyond the basics of the taxation of trusts and estates to more
sophisticated planning opportunities and pitfalls, such as:
• The use of family limited partnerships and the issues of principal focus from the perspective of the
Internal Revenue Service
• Succession planning with respect to family-owned businesses
• Post-mortem planning opportunities and obstacles
• The generation-skipping tax and planning opportunities applicable to multi-generation giving
• Issues of fiduciary obligation and administration, including ethical and practice issues unique to
professionals representing individuals in their planning for, or dealing with, trusts and estates
Program Level: Update
Prerequisite: Knowledge of the taxation of trusts and estates
Tax Conference Preview
67TH INSTITUTE ON FEDERAL TAXATION
October 19–24, 2008, The Grand Hyatt, New York, NY
November 9–14, 2008, The Hotel del Coronado, San Diego, CA
Co-Chairs: Lewis R. Steinberg, Esq., global head of the Strategic Solutions
Group; managing director, investment banking, UBS Securities LLC,
New York, NY
Pamela F. Olson, Esq., partner, Skadden, Arps, Slate, Meagher & Flom
LLP, Washington, D.C.
For hundreds of tax practitioners, the NYU Institute on Federal Taxation is the event
of the year. The Institute is designed for the practitioner who must frequently anticipate and handle federal tax matters. It provides high-level updates, practical advice
you can implement, and in-depth analysis of the latest trends and developments from
leading experts. Participants return to work with a wealth of materials, plus the tools
and strategies needed to help save their clients’ tax dollars and provide them with better service. A six-day program encompasses all major areas of tax, including current
developments; tax controversies; corporate tax; partnerships, LLCs, and real estate;
trusts and estates; executive compensation and employee benefits; closely-held businesses; international tax; ethical transactions; and hot tax topics. The Institute attracts
attorneys, both general tax practitioners and specialists; accountants; corporate treasury and compliance executives; tax managers; and financial planners seeking expert
discussion of the latest technical, legislative, and planning developments. Just as
important, the Institute provides the perfect setting to meet practitioners from around
the country. It’s an opportunity for you to share ideas, exchange views, learn what
others are doing, and obtain credit for continuing education.
www.scps.nyu.edu/ift
for more information, call (212) 992-3320
9
introduction to state and local taxation
july 21–23, 2008
Chair: Arthur R. Rosen, Esq., partner, McDermott Will & Emery LLP, New York, NY
day 1
8.30–10 a.m.,
10.15 a.m.–12 p.m.,
1–2.15 p.m.,
2.30–4.30 p.m.
Federal Constraints on State and Local Taxation
Historical foundations; jurisdictional issues; operational vs. nonoperational income;
P.L. 86-272.
Arthur R. Rosen, Esq., partner, McDermott Will & Emery LLP, New York, NY
David A. Fruchtman, Esq., of counsel, Horwood Marcus & Berk Chartered,
Chicago, IL
10–10.15 a.m.
Refreshment Break
12 noon–1 p.m.
Lunch Recess
2.15–2.30 p.m.
Refreshment Break
day 2
8.30–10 a.m.,
10.15 a.m.–12 p.m.,
1–2.15 p.m.,
2.30–4.30 p.m.
Corporate Income and Franchise Taxation
10–10.15 a.m.
Refreshment Break
12 noon–1 p.m.
Lunch Recess
2.15–2.30 p.m.
Refreshment Break
Unitary business; UDITPA; combined reporting; allocation and apportionment;
corporate acquisitions and reorganizations; S corporations; unique state taxing
schemes.
Arthur R. Rosen, Esq., partner, McDermott Will & Emery LLP, New York, NY
William M. Backstrom, Jr., Esq., partner, Jones Walker L.L.P., New Orleans, LA
Charles J. Moll, III, Esq., partner, Winston & Strawn LLP, San Francisco, CA
day 3
8.30–10 a.m.,
10.15 a.m.–12 p.m.,
1–2.15 p.m.,
2.30–4.30 p.m.
Sales and Use Taxation
10–10.15 a.m.
Refreshment Break
12 noon–1 p.m.
Lunch Recess
2.15–2.30 p.m.
Refreshment Break
4.30 p.m.
Conference Concludes
Underlying principles; destination issues; services; audits; bulk sales; special
transactions.
Albert H. Cornell, Jr., CPA, director, PricewaterhouseCoopers LLP, Charlotte, NC
Todd Lard, Esq., general counsel, Council On State Taxation, Washington, D.C.
Jill D. Nielsen, CPA, director, PricewaterhouseCoopers LLP, Chicago, IL
learning objectives
On completing this program, you acquire a broad-based foundation in state and local taxation, as well as
a basis for comparing and contrasting the various states’ systems of taxation with each other and the
Internal Revenue Code:
• Constitutional limitations on the ability of states to tax kinds of income and categories of taxpayers
generally
• The essentials of multistate income taxation including allocation and apportionment of income with
respect to taxpayers with residence or operations in more than one state
• The essentials and principles of non-income based taxes with emphasis on sales and use taxes
Program Level: Basic
Prerequisite: None
10
to register, visit www.scps.nyu.edu/sumtax
state and local taxation ii
july 24–25, 2008
Chair: Arthur R. Rosen, Esq., partner, McDermott Will & Emery LLP, New York, NY
day 1
8.30–10 a.m.,
10.15 a.m.–12 noon
Mergers, Acquisitions, and Dispositions
This session focuses on minimizing risks and deriving tax benefits from acquisition
and restructuring transactions. The panel explores the state income and sales and
use tax aspects of mergers, acquisitions, and other restructuring models.
Peter L. Faber, Esq., partner, McDermott Will & Emery LLP,
New York, NY
Susan K. Haffield, CPA, partner, PricewaterhouseCoopers LLP, Minneapolis, MN
Beth Ann Kendzierski, CPA, director, tax, Apria Healthcare, Inc., Lake Forest, CA
10–10.15 a.m.
Refreshment Break
12 noon–1 p.m.
Lunch Recess
1–3 p.m.
In-Depth Review of Significant Apportionment Factor Issues
An intensive study and discussion of payroll, property, and receipts factors, examining issues such as throwback and throwout (e.g., Joyce, Finnegan, Brown), assigning
receipts from performing services and from holding intangibles, assigning receipts
from dock sales and drop shipments, utilizing gross receipts or net gains.
Joseph X. Donovan, Esq., counsel, Sullivan & Worcester LLP, Boston, MA
Philip M. Zinn, SALT–national practice leader, PricewaterhouseCoopers LLP,
Chicago, IL
Margaret C. Wilson, Esq., assistant general counsel, state and local tax, Verizon,
Basking Ridge, NJ
3–3.15 p.m.
Refreshment Break
3.15–4 p.m.
The Use (and Misuse) of Discretionary Authority
State taxing agencies often are given grants of discretionary authority in connection
with various statutes. A taxpayer may request the use of discretionary authority to
shield it from otherwise inequitable tax consequences, such as to grant an application for special apportionment or waiver of a penalty. Conversely, a taxing agency
may use its discretionary authority as a sword (e.g., to redetermine or reallocate
income in a manner that leads to an increased tax liability). This session explores
the boundaries of discretionary authority and examines various instances in which
a state taxing agency has used, or misused, such authority.
Mary T. Benton, Esq., partner, Alston & Bird LLP, Atlanta, GA
Ronald I. Heller, Esq., director, Torkildson, Katz, Moore & Hetherington AAL,
ALC, Honolulu, HI
day 2
8.30–9.45 a.m.
The View of the State Tax World From
the Revenue Department Perspective
State tax officials offer their views on the attitude and practices of their staffs, on
how they interface with corporate tax managers and tax practitioners, and on how
tax managers and tax practitioners can better deal with those in state revenue
departments.
Moderator: Kimberley M. Reeder, Esq., principal, KPMG LLP,
Mountain View, CA
Kurt Kawafuchi, Esq., CPA, director of taxation, State of Hawaii Department of
Taxation, Honolulu, HI
Joe Huddleston, Esq., executive director, Multistate Tax Commission,
Washington, D.C.
Selvi Stanislaus, Esq., executive officer, State of California Franchise Tax Board,
Rancho Cordova, CA
9.45–10 a.m.
Refreshment Break
for more information, call (212) 992-3320
11
10–11 a.m.
Challenges to Statutory Add-Back Provisions
This session provides a historical overview of state add-back statutes, a discussion of
the numbers and structures of existing add-back provisions, and the types of federal
and state constitutional and other challenges that taxpayers can and have used against
their imposition, including an in-depth discussion of the recent challenge to
Alabama’s add-back statute at the circuit court level in VFJ Ventures, Inc. v.
Commissioner of the Department of Revenue et al., Docket No. CV-03-3172
(Alabama Circuit Court, January 24, 2007).
Christopher R. Grissom, Esq., partner, Bradley Arant Rose & White LLP,
Birmingham, AL
David J. Shipley, Esq., special counsel, McCarter & English, LLP, Philadelphia, PA
11 a.m.–12 noon
Business or Non-Business Income:
The Cessation of Business Exception
This session focuses on a controversial topic: In those states that adopt the UDITPA definition of “business income,” assuming that this definition provides a functional test as well as a transactional test, does that functional test include an inquiry
into the nature of the disposition of the asset (the “disposition inquiry,” sometimes
referred to as the “cessation of business exception”)?
Janette M. Lohman, Esq., CPA, partner, Thompson Coburn LLP, St. Louis, MO
Jane W. May, Esq., partner, McDermott Will & Emery LLP, Chicago, IL
David A. Hughes, Esq., partner, Horwood Marcus & Berk Chartered, Chicago, IL
12 noon–1 p.m.
Lunch Recess
1–2 p.m.
Confidentiality Under FIN 48 and Related Issues
They can’t always get what they want! And if you try sometimes, you just might
find, you keep what you need! A discussion of “privilege,” work product, and
other protections for use in ethically shielding corporate documents from the prying eyes of federal and state tax auditors.
William Townsend, Esq., shareholder, Fowler White Boggs Banker, Tallahassee, FL
Leah Samit, Esq., attorney, McDermott Will & Emery LLP, New York, NY
2–2.45 p.m.
Federal Legislative Activity Directly Affecting State Taxation
The number of bills that Congress is being asked to enact that directly affect state
and local taxation increases every year. Why is this? Should Congress be more
active in this area? Should any of the specific bills (which affect income/franchise
taxes, sales taxes, withholding taxes, communications taxes, etc.) be enacted? Will
any of them be enacted?
Arthur R. Rosen, Esq., partner, McDermott Will & Emery LLP, New York, NY
Jeffrey S. Reed, Esq., attorney, McDermott Will & Emery LLP, New York, NY
2.45–3 p.m.
Refreshment Break
3–4 p.m.
The Move Away From Income-Based Taxes
There is an emerging trend among states to replace the traditional net income tax
base for businesses with gross receipts-type taxes, e.g., the Ohio Commercial
Activity Tax (“CAT”). This presentation focuses on the impact this trend could
have on businesses, their tax planning, and financial policy decisions.
Joey Gigliotti, senior director, taxes, Marsh & McLennan & Companies, Inc.,
Hoboken, NJ
Michael J. Guerriero, Esq., partner, Day Pitney LLP, Morristown, NJ
4 p.m.
Conference Concludes
learning objectives
On completing this program, you reach and are exposed to the full range of cutting-edge issues in state
and local taxation including:
• Corporate and business franchise taxes including both traditional income approaches and more recent
moves toward gross receipts and other “alternative” tax bases
• Sophisticated planning and enforcement issues in multistate allocation and apportionment
• Federal oversight and legislative initiatives directed at defining and enforcing the boundaries between
federal and state taxing authority as well as the rights and limitations applicable to states as among
themselves
• Planning for and around the state and local tax impact with respect to material business transactions
Program Level: Intermediate
Prerequisite: Basic knowledge of state and local taxation
12
to register, visit www.scps.nyu.edu/sumtax
introduction to partnerships
july 21–23, 2008
Chair: James A. Gouwar, Esq., partner, McKee Nelson LLP, New York, NY
day 1
8.30–10 a.m.,
10.15 a.m.–12 noon
Introduction and Choice of Entity
10–10.15 a.m.
Refreshment Break
12 noon–1 p.m.
Lunch Recess
1–3 p.m.
Partnership Formation
Introduction; choice of entity and uses of partnerships; classification; types of entities that can be treated as partnerships for tax purposes: general partnership, limited
partnership, LLC, LLP, trust, contract, foreign entities, e.g., GmbH, limitada.
Philip Wagman, Esq., partner, Clifford Chance US LLP, New York, NY
Formation of a partnership; nonrecognition, beginning book and tax capital
account and beginning basis; taxable year; methods of accounting.
Christopher Roman, Esq., partner, Clifford Chance US LLP, New York, NY
3–3.15 p.m.
Refreshment Break
3.15–4.30 p.m.
Partnership Operations
Effect of partnership operations on tax and book capital accounts and basis; special
allocations.
Glenn E. Mincey, Esq., senior manager, Deloitte Tax LLP, New York, NY
Matthew S. Belcher, Esq., senior manager, Deloitte Tax LLP, New York, NY
day 2
8.30–10 a.m.
Nonrecourse Allocations
Allocations of nonrecourse debt and nonrecourse deductions.
Holly Belanger J.D., CPA, partner, KPMG LLP, Washington, D.C.
Sarah I. Staudenraus, CPA, senior manager, KPMG LLP, Washington, D.C.
10–10.15 a.m.
Refreshment Break
10.15 a.m.–12 noon
Partnership Distributions
Current and liquidating distributions; disproportionate distributions.
Holly Belanger J.D., CPA, partner, KPMG LLP, Washington, D.C.
Sarah I. Staudenraus, CPA, senior manager, KPMG LLP, Washington, D.C.
12 noon–1 p.m.
Lunch Recess
1–2.45 p.m.
Transfers of Partnership Interests
Sales and purchases of partnership interests.
James A. Gouwar, Esq., partner, McKee Nelson LLP, New York, NY
2.45–3 p.m.
Refreshment Break
3–4.30 p.m.
Retirement and Death of a Partner
Consequences under subchapter K, including effect on timing and character of
income.
James A. Gouwar, Esq., partner, McKee Nelson LLP, New York, NY
day 3
8.30–10 a.m.,
10.15 a.m.–12 noon
Partner-Partnership Transactions
10–10.15 a.m.
Refreshment Break
12 noon–1 p.m.
Lunch Recess
Disguised sales and other partner-partnership transactions.
Jeff A. Erickson, Esq., principal, Ernst & Young LLP, Washington, D.C.
Rebekah Myers, Esq., manager, Ernst & Young LLP, Salt Lake City, UT
for more information, call (212) 992-3320
13
Hot Topics
1–2.30 p.m.
An overview of recent developments in the law and in the uses of partnerships.
James A. Gouwar, Esq., partner, McKee Nelson LLP, New York, NY
Michael A. Meisler, Esq., CPA, partner, Ernst & Young LLP, New York, NY
2.30–2.45 p.m.
Refreshment Break
2.45–3.30 p.m.
The Troubled Partnership
Workouts, foreclosure, deed in lieu, abandonment of partnership interest.
Michael A. Meisler, Esq., CPA, partner, Ernst & Young LLP, New York, NY
Summing Up
3.30–4.30 p.m.
Work through a partnership tax return and a sample partnership agreement with
emphasis on the tax-sensitive provisions, such as capital account maintenance,
book-ups, choice of allocation methods under Section 704(c), allocation and
distribution provisions, and liquidation provisions.
Michael A. Meisler, Esq., CPA, partner, Ernst & Young LLP, New York, NY
Conference Concludes
4.30 p.m.
learning objectives
On completing this program, you acquire a solid foundation from which to address the intricacies of
Subchapter K of the Internal Revenue Code:
• The nature of partnerships and the various legal entities taxed as partnerships
• The relationships between a partnership and its partners as well as between and among partners themselves
• Approaches to formation including contributions of property and services in exchange for partnership
interests, the classification of those interests
• partnership operations and reporting with particular emphasis on the basics of distributions to partners
and allocation of income and deductions
• Winding down and winding up partnerships, including the withdrawal of individual partners and the
transfer of partnership interests
Program Level: Basic
Prerequisite: None
introduction to consolidated returns
july 23–25, 2008
Chair: Stephen A. Sacks, CPA, J.D., LL.M., executive director, Ernst & Young LLP, New York, NY
Although this is an introductory conference, certain topics may be complex and the instructors will review the
basic tax law prior to discussing the consolidated return effects. Nevertheless, some knowledge of corporate
taxation is assumed.
day 1
8.30–10 a.m.,
10.15 a.m.–12 p.m.,
1–2.15 p.m.,
2.30–4.30 p.m.
Reasons for filing consolidated returns and the impact of filing them; definition of
affiliated group; reverse acquisitions; determination of taxable years; due dates;
accounting methods; the tax treatment of intercompany transactions.
Stephen A. Sacks, CPA, J.D., LL.M., executive director, Ernst & Young LLP,
New York, NY
William F. Huber, CPA, M.B.A., retired partner, PricewaterhouseCoopers LLP
10–10.15 a.m.
Refreshment Break
12 noon–1 p.m.
Lunch Recess
2.15–2.30 p.m.
Refreshment Break
14
to register, visit www.scps.nyu.edu/sumtax
day 2
8.30–10 a.m.,
10.15 a.m.–12 p.m.,
1–2.15 p.m.,
2.30–4.30 p.m.
Special limitations on certain deductions and losses; Separate Return Limitation
Year (“SRLY”) rules and built-in loss rules; regulations addressing Section 382 in a
consolidated context; “Overlap Rule”; at risk and passive activity rules; dual consolidated losses; NOL and capital loss carrybacks and carryforwards; loss absorption
rules; effect of debt cancellation income on NOLs; other special rules relating to the
computation of consolidated taxable income; consolidated tax liability including
AMT, before credits; consolidated tax credits; allocation of consolidated tax liability.
Richard W. Stern, J.D., M.L.T., executive director, Ernst & Young LLP,
New York, NY
Kurt J. Roderich, CPA, M.S.T., partner, Ernst & Young LLP, London, UK
10–10.15 a.m.
Refreshment Break
12 noon–1 p.m.
Lunch Recess
2.15–2.30 p.m.
Refreshment Break
day 3
8.30–10 a.m.,
10.15 a.m.–12 p.m.,
1–2.15 p.m.,
2.30–4.30 p.m.
Stock basis; excess loss accounts; determination of gain or loss on disposition of
subsidiary stock; loss disallowance; earnings and profits; application of Section 108
to a consolidated group; rules regarding intragroup distributions, including special
rules relating to stock of members and debt obligations of members.
James W. Banks, CPA, partner, PricewaterhouseCoopers LLP, Los Angeles, CA
Jeffrey L. Vogel, J.D., LL.M., principal, KPMG LLP, Washington, D.C.
10–10.15 a.m.
Refreshment Break
12 noon–1 p.m.
Lunch Recess
2.15–2.30 p.m.
Refreshment Break
4.30 p.m.
Conference Concludes
learning objectives
On completing this program, you learn the fundamentals of the special rules governing the federal
income taxation of consolidated groups:
• The eligibility requirements to file a consolidated federal income tax return, including the definitional
provisions and the parameters for determining when an affiliated group is eligible to file a consolidated
return and which corporations are eligible for inclusion
• The basics of calculating consolidated taxable income with emphasis on net operating losses and other
tax attributes, the treatment of carryover and carryback items to separate return years and the limits
placed on such attributes
• The effects of consolidation within the group and as among group members including basis, deferral
of gains and losses, earnings and profits, and distributions
Program Level: Basic
Prerequisite: Basic knowledge of corporate taxation
Tax Conference Preview
27TH INSTITUTE ON STATE AND LOCAL TAXATION
December 15–16, 2008, The Grand Hyatt, New York, NY
Co-Chairs: Paul H. Frankel, Esq., partner, Morrison & Foerster LLP, New York, NY
Richard W. Genetelli, CPA, president, The Genetelli Consulting Group, New York, NY
The Institute is designed for the practitioner who must frequently anticipate and handle state and local
tax matters. It provides high-level updates, practical advice you can implement, and in-depth analysis of
the latest developments and current issues in all areas of state and local taxation. Attendees learn practical
solutions and valuable insights from leading authorities throughout the industry. Just as important, the
Institute provides the perfect setting to meet practitioners from around the country. It’s an opportunity
to share ideas, exchange views, learn what others are doing, and obtain credit for continuing education.
www.scps.nyu.edu/salt
general information
Conference Fee: See the registration form for
individual conference fees. Each conference fee
includes sessions, continental breakfast, refreshment breaks, and written materials for each participant. To request an application for Financial
Hardship, please call (212) 992-3320, fax your
request to (212) 992-3650, or e-mail your request
to scps.atl@nyu.edu.
Electronic Registration Confirmation:
Confirmation of registrations submitted online,
by mail or fax is via e-mail. Please use an individual
e-mail address for each registrant. Confirmations
will display the start and end dates of the entire
Institute, please check the conference agenda
for individual conference dates and times. If a
confirmation is not received within one week of
online registration submission (allow 2-3 weeks
for registrations sent by mail/fax), please contact
your firm’s IT firewall administrator or e-mail
scps.atl@nyu.edu to request a duplicate copy.
Conference Location and Hotel
Accommodations: All of the conferences in the
Summer Institute in Taxation are held at The
Westin New York at Times Square, 270 West 43rd
Street on the corner of Eighth Avenue. Hotel
accommodations also are available at The Westin
New York, which is easily accessible to Times
Square, Broadway theaters, Radio City Music Hall,
Carnegie Hall, Rockefeller Center, Central Park,
and Fifth Avenue shopping. Single or double occupancy rooms are available at the NYU group rate of
$329 by calling (888) 627-7149 or (212) 201-2700
and referring to the NYU tax conference. Book
your reservation in advance. Hotel rooms can sell
out prior to cutoff date. These rooms will be held
as a block, unless exhausted, until June 18th, at
which time they will be released to the general public.
Conference Check-In and Continental
Breakfast: Conference check-in and continental
breakfast begins each day at 8 a.m.
Cancellation and Substitution Policy:
Written notice is required for all cancellations.
Cancellations and requests for refunds must be
received on or before June 27, 2008. You may fax
requests to (212) 992-3650. There is a $150 cancellation fee. Due to financial obligations incurred
by NYU, there are no refunds available for cancellations after June 27. If you would like to send
a substitute, please fax a written request to
(212) 992-3650 no later than July 9.
Special Needs: Participants having special needs
(i.e., physical) may e-mail scps.atl@nyu.edu
or call NYU at (212) 992-3320 to indicate their
particular requirements.
Introduction to
International Taxation
22.0 based on a 50-minute hour
(including 1.0 ethics credit)
18.5 based on a 60-minute hour
(including 1.0 ethics credit)
Advanced International Taxation
14.0 based on a 50-minute hour
(including 1.0 ethics credit)
12.0 based on a 60-minute hour
(including 1.0 ethics credit)
Continuing Education Credit: The School of
Continuing and Professional Studies at New York
University is a recognized leader in professional
continuing education. New York University’s
Department of Accounting, Taxation, and Legal
Programs has been certified by the New York
State Continuing Legal Education Board as an
Accredited Provider of continuing legal education
in the State of New York. These conferences meet
the educational requirements of many organizations and agencies with mandatory CLE/CPE/
CFP filing requirements. The introductory conferences are also available for New York transitional
Continuing Legal Education (CLE) credits for
newly admitted attorneys. We urge you to contact
our office at (212) 992-3320 at least 30 days prior
to the conference start date to ensure the availability of credit for a specific MCLE state.
NASBA: New York University’s
School of Continuing and
Professional Studies Department
of Accounting, Taxation, and Legal
Programs is registered with the
National Association of State Boards of Accountancy
(NASBA), as a sponsor of continuing professional
education on the National Registry of CPE
Sponsors. State boards of accountancy have final
authority on the acceptance of individual courses
for CPE credit. Complaints regarding registered
sponsors may be addressed to the National
Registry of CPE Sponsors, 150 Fourth Avenue
North, Suite 700, Nashville, TN 37219-2417.
Web site: www.nasba.org.
Attention Certified Financial Planners: Each
CFP licensee must complete 30 hours of continuing education each reporting period. The reporting period is a two-year period ending with the last
day of the licensee’s renewal month. New York
University has filed the Introduction to Trusts and
Estates and the Institute on Federal Wealth
Taxation with the Certified Financial Planner
Board of Standards. For more information regarding acceptance of these conferences for continuing
education credit, please call (212) 992-3320.
Estimated Continuing Education Credit:
Except where indicated, CLE credits are in
the categories of Professional Practice/Practice
Management. CLE boards define a credit
hour as either 60 minutes or 50 minutes.
Recommended CPE credits are in the following
NASBA field of study: Taxes. In accordance
with the standards of the National Registry
of CPE Sponsors, CPE credits are based on a
50-minute hour. Please note that not all state
boards accept half credits. A certificate of attendance is given to each registrant and validated
upon completion.
Introduction to Trusts and Estates
22.5 based on a 50-minute hour
18.5 based on a 60-minute hour
Institute on Federal Wealth Taxation
14.0 based on a 50-minute hour
(including 1.5 ethics credits)
12.0 based on a 60-minute hour
(including 1.5 ethics credits)
Introduction to State
and Local Taxation I
23.0 based on a 50-minute hour
19.5 based on a 60-minute hour
State and Local Taxation II
14.0 based on a 50-minute hour
12.0 based on a 60-minute hour
Introduction to Partnerships
23.0 based on a 50-minute hour
19.5 based on a 60-minute hour
Introduction to
Consolidated Returns
23.0 based on a 50-minute hour
19.5 based on a 60-minute hour
registration form
Your e-mail address is your registration ID; confirmations are sent by e-mail.
By Internet:
Register online with your credit card at www.scps.nyu.edu/sumtax.
By Mail:
To register by mail, simply fill out the registration form below and return it with a credit card
authorization or check payable to New York University, to: New York University,
Summer Institute in Taxation, 25 West 4th Street, Room 203, New York, NY 10012.
By Fax:
You may fax your credit card registration to us 24 hours a day at (212) 995-4677.
For further information regarding administrative policies such as complaints and refunds or if you
need help registering, please call our conference administrators at (212) 992-3320. You may photocopy this form. Please submit a separate form and e-mail address for each registrant and print clearly.
Registrations will not be processed unless accompanied by a check or credit card information.
All Conferences: Use registration no. SCPS09. Please register me for:
¨ Intro. to State and Local Taxation for $865.
¨ Intro. to Partnerships for $865.
¨ State and Local Taxation II for $725.
¨ Intro. to Consolidated Returns for $865.
¨ Intro. to International Taxation for $865.
¨ Intro. to Trusts and Estates for $865.
¨ Advanced International Taxation for $725.
¨ Institute on Federal Wealth Taxation for $725.
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July 2008
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