Hedge Fund Taxation & Compliance Forum

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Home»Events»Hedge Fund Taxation &...Event Overview»Agenda Day Three

Hedge Fund Taxation & Compliance Forum

June 18 - 20, 2008 | The Flatotel N.Y., New York, NY

Agenda Day Three

Friday, June 20, 2008

8:00	Closed-Door Breakfast: HEDGE FUND ETHICS Open Exclusively to Attorneys, General Counsel and Compliance Officers - Rosemary Panelli, CEO, CounselorWorks LLC
8:15	Morning Coffee
8:45	Chairman’s Opening Remarks
9:00	LEGISLATIVE UPDATE FROM THE HOUSE OF WAYS & MEANS Examination of Congressional Legislative Landscape: Newly Proposed & On The Horizon Interpretation and rationale on proposed legislation Revenue procedure 2007-59 IRS Notice 2007-71 IRS Section 6694 Tax treatment of carried interest for fund managers Insight and assessment of congressional agenda for hedge fund regulation Analysis on what types of legislation need to be enacted and why Best methods for approaching new financial reporting standards - Charlie Rangel, Chairman, House of Ways and Means Committee, Pending Confirmation - John Buckley, Chief Tax Counsel, House of Ways and Means Committee, Pending Confirmation
9:45	IRS INSIGHT Covering Your Bases: A Comprehensive Guide to Managing Increased IRS Scrutiny of Hedge Funds Analysis of the probe for hedge fund tax abuses from former IRS key players Discover the scope of congress hedge fund inquiry in order to mitigate your risk exposure Examine the areas of potential abuse to avoid enforcement and penalties Timing and allocation of incentive payments Structuring of cross-border loans and tax withholdings Correct accounting methods that report for all income Properly filing tax returns Classification of ordinary income as capital Flow of funds between onshore and offshore entities Disparate treatment of total return swaps - Matthew Stevens, Partner - International Tax Group, Alston & Bird LLC From 2002 to 2004, Matthew served as Special Counsel to the Chief Counsel for the Internal Revenue Service - Dale Collinson, Director – Financial Institutions & Products, KPMG Washington National Tax From 2000 to 2006, Dale was a Special Counsel, Financial Institutions and Products, at the Office of Chief Counsel, for the Internal Revenue Service
10:45	Networking and Refreshment Break
11:15	Technology Showcase: Discover optimal solutions for managing complex tax & compliance functions to maximize middle and back-office efficiency Companies must consider need to automate processes & workflows that until now have been managed primarily through manual procedures & spreadsheet applications. Evaluate systems to discover those best fit for the needs of your fund. Enterprise-class solutions for handling complexities regulators have added to corporate tax & compliance functions Identifying areas of tax & accounting limitations in your workflow and their associated implications and impact on other functions Determining appropriate systems for implementation: Criteria to look for in technology for addressing your workflow deficiencies If you are a provider and are interested in participating in this showcase to reach this audience, please contact Susan Feigenbaum at sfeigenbaum@iirusa.com or (646) 895-7478
12:00	Tax Outlook for 2008 & Beyond: Issues on the Horizon With elections imminent and potential legislative changes, it is critical to assess the tax enviroment and what can be expected. Analyzing the potential effect of the elections and major political changes on your tax position and overall income Assessing the impact on firms of movement for a unitary tax system Latest federal and state tax initiatives affecting funds Concentration on California & New York state tax issues - Allison Rosier, Senior Tax Manager, PricewaterhouseCoopers LLP - David Shapiro, Senior Counsel, Office of Tax Policy, Department of the Treasury
1:00	Conference Concludes