The Institute on Federal Taxation is one of the nation’s most prestigious tax conferences and the longest-running conference at NYU's School of Professional Studies. This program offers practitioners updates, practical strategies, and in-depth analysis on federal tax issues. This six-day program covers all major tax areas, provides valuable resources, and supports scholarships through donations, helping professionals better serve clients and advance their knowledge.
- Sanford "Sandy" Presant, Co-Chair of the firm's Global Real Estate Fund Practice, and James O. Lang, Tax Shareholder present, "Qualified Opportunity Funds: New and Expanded Opportunities" on Wednesday, November 19th at 2:45 pm. This panel discusses current tax planning for investments in qualified opportunity funds as well as explores the changes made to the program under the new qualified opportunity fund legislation.
- G. Michelle Ferreira, Co-Chair of the firm's Tax Practice and Managing Shareholder of the San Francisco office, is a panelist on, "The Role of the Tax Advisor in the State Tax System: Ethical and Penalty Standards for Advising Clients" on Thursday, November 20th at 5:15 pm. This presentation analyzes the functions and roles of transactional tax lawyers and tax advisors when advising clients and providing a degree of insurance, or penalty protection, to their clients. How sure do advisors have to be before they can tell a client that it is okay to take a deduction or defer or report income as capital gain, etc.? This panel addresses the role of tax advisors in the tax system and uses real-world hypotheticals to illustrate issues that tax advisors must consider when providing tax advice.
- Brian G. Smith, Private Wealth and Tax Shareholder, is a presenter on, "Introduction to Income Taxation of Trusts" on Friday, November 21, 10:45 am. This session explores the fundamentals of federal income taxation for estates and trusts. What are the essential components of the IRS Form 1041? How is fiduciary income tax computed? Other essentials covered include "simple" vs. "complex" trusts, treatment of capital gains and losses, distributable net income (DNI), income tax charitable deduction rules, and other itemized deductions and limitations.