2019 Agenda

The Private Investment Fund Tax & Accounting Forum 2019 had a jam-packed agenda featuring two days in New York City, eight planned networking opportunities, one day dedicated to tax practices, and one day dedicated to accounting and financial reporting. Our handpicked expert speakers and thought-provoking educational sessions brought attendees everything they need to know to not only safeguard their fund from costly hurdles but to thrive in a new era.

November 11, 2019

8:00AM – 9:00AM
Registration and Networking Breakfast

9:00AM – 9:10AM

Chairman’s Welcome Remarks

E. George Teixeira, Partner


9:10AM – 10:00AM

Under Pressure: Tax Return Compliance in the New Landscape

  • Interpret the pressure points and learnings from the first tax return season post TCJA to increase future efficiencies
  • Analyze how your peers are managing complex areas where rules are unclear to increase understanding


David Benz, Tax Partner

Crowe LLP


Eric Emrich, Chief Financial Officer

Independence Capital Partners



10:00AM – 10.50AM

Compensation Structures under New Carry Rules of §1061

  • Understand how to consider comp structures in light of future portfolio goals and trading methods
  • Are there alternative ways to manage expenses in light of Section 212?
  • Consider IRC §409A and §457A in regard to deferred compensation arrangements


Edward Dougherty, Tax Partner



Amanda Nussbaum, Partner

Proskauer Rose

10.50AM – 11:10AM
Networking Break

11:10AM – 12:10PM

Impact of State and Local Tax (SALT) Clarity from IRS

  • Practically evaluate how best to report in light of new clarity on state tax rules
  • Unpack and practically apply the regulations for market-based sourcing and economic nexus
  • Geographic, Structuring & Effective Tax Rate Considerations


Issac Hefez, Senior Manager, State and Local Tax



Stephen Mahadeo, Partner

Pricewaterhouse Coopers LLP


12:10PM – 1:10PM
Networking Lunch

1:10PM – 2:00PM

Implications of 163(j), the Excess Business Loss Rules and the Loss of Miscellaneous Itemized Deductions

  • Identify limitations on interest and understand if adequate information is coming from portfolios? 
  • Recognize how to treat disallowed business interest expense carry forwards
  • Apply new’ investor-level limitations on deductions; no deduction for investment expenses, state and local tax limitations, excess business loss limitation


Jill Darrow, Partner

Katten Muchin Rosenman LLP


Philip Gross, Member

Kleinberg, Kaplan, Wolff & Cohen, P.C


John-Paul Schwarz, Principal

Citrin Cooperman



2:00PM – 2.50PM

Demystify 199A Deductions

  • Understand how TCJA will impact investment-making with respect to different investor classes, US taxables, foreigners and tax-exempts
  • Evaluate pass-through vs corporate income and assess the overlap with 199A and REIT
  • Hear alternative ways to manage wage expenses to prepare for the future


John Perry, Senior Tax Director

NGP Energy Capital


Laura Ross, CPA, MSTax, Partner



2.50PM – 3:10PM
Networking Break

3:10PM – 4:05PM

International Tax Focus: Subpart F, GILTI, FDII, PFIC

  • Evaluate the impact of the top-down constructive ownership rules on investment fund structuring and CFC testing
  • Hear why changes will necessitate additional PFIC testing and how to manage this
  • Understand key aspects of new GILTI regulations to future proof your operations


Steven D. Bortnick, Partner

Pepper Hamilton LLP


Tony Tuths, Tax Principal, Alternative Investments


4:05PM – 5:00PM

Unpack Recent Guidance on Qualified Opportunity Zones (QOZ)

  • Hear best practice to utilize long-term tax deferral opportunity from QOZ projects
  • Uncover the tax benefits of investing in qualified opportunity funds
  • Understand how to set up funds to attract assets for investment 
  • Evaluate how to use QOZ funds for non-traditional uses including credit deals and non-qualifying investments


Mark Leeds, Partner

Mayer Brown LLP


Kevin Matz, Partner



Ron Nardini, Partner

Akin Gump Strauss Hauer & Feld LLP

5:00PM – 6:00PM
Networking Cocktail Reception

November 12, 2019

8:00AM – 9:00AM
Networking Breakfast

9:00AM – 9:10AM

Welcome Remarks

E. George Teixeira, Partner


9:10AM – 9.50AM

Regulation Update and Impact: What’s in Store?

  • Identify what the SEC is focusing on for audits right now in funds space to plan for the future
  • Analyze updated regulatory reporting under AIFMD to understand what is in store
  • Understand how upcoming regulatory changes will impact financial reporting and other back office operations


Gary Berger, Partner



Joshua Blumenthal, Partner



Eric Wagner, Partner

Kleinberg, Kaplan, Wolff & Cohen, P.C

9.50AM – 10.40AM

Financial Statements in Focus

  • Hear real-world examples and see samples of financial statements to ensure optimized statements
  • Demystify common pitfalls and challenges in financial statement reporting
    • Condensed schedule of investments
    • Financial highlights
    • Liquidation basis of accounting
    • Derivatives
    • Balance sheet offsetting
    • Related party transactions


Christopher Mears, Partner, Asset Management Practice Leader


10.40AM – 11.00AM
Networking Break

11.00AM – 11.40AM

The Impact of the New PCOAB Release and Fair Value Measurement Disclosure

  • Understand the impact of the following new PCAOB Auditing Standards
    • PCAOB Release No. 2018-005, Auditing Accounting Estimates, including Fair Value Measurements
    • PCAOB Release No. 2018-006, Amendments to Auditing Standards for Auditor’s Use of the Work of Specialists
  • Offer perspectives on ASU 2018-13, Fair Value Measurement


Joanna Conte, Director, Alternative Investment Fund Auditing

Marcum LLP


Matthew DiBrienza, Partner, Assurance Services



Robert Kucenski, CPA, Director

Cohen & Company

11:40AM – 12:30PM

Footnote Disclosure Best Practice in a Post-TCJA World

  • Discuss extra disclosures in K1s to help limited partners and examples of what K1 statements say
  • Interpret how new partnership audit rules affect footnotes in audit reports
  • Discover what your partnership documents should provide and how partnership audits are drafted for funds and management


Erica England, Chief Accounting Officer

Redwood Real Estate Administration, LLC


Ben Wasmuth, Senior Manager, Washington National Tax


12:30PM – 1:30PM
Networking Lunch

1:30PM – 2:30PM

Guidance and Clarity on from the New AICPA Accounting and Valuation Guide

  • New AICPA Accounting and Valuation Guide: Demystify the latest guidance on valuation to understand the impact on the next audit phase
  • Hear case study examples to prepare for the impact of control and marketability as well as back-testing


Christopher Mears, Partner, Asset Management Practice Leader



Michael Patanella, Audit Partner and US Asset Management Sector Leader

Grant Thornton

2:30PM – 3:30PM

Year-End Tax Planning Considerations

  • Compare Trader vs. investor in terms of structuring funds to prepare for the next tax year
  • Actions/Impact of Carried Interest Changes
  • Harvesting losses without disturbing Alpha
  • Considerations around taxation with negative interest rates


Robert Gordon, President

Twenty-First Securities Corp


Yaakov Tambor, Partner



E. George Teixeira, Partner



3:30PM – 3:45PM
Networking Break

3:45PM – 4:20PM

Planning for Surprise Custody Audit

  • How to plan for a surprise custody audit as SEC continues to roll out different interpretations of what custody is
  • Hear what advisors are seeing and how they are overcoming challenges, to plan for your audit


Paul Foley, Partner and Chair of Investment Management Practice

Akerman LLP


Marshall Harvey, Principal

Elliott Davis


Dale Thompson, Partner, Asset Management



4:20PM – 4:55PM

Ask Us Anything

  • Question industry experts with all your tax and financial reporting questions
  • Hear what issues are still on the minds of your peers and ensure you leave with all the answers you need
  • Wrap up your conference experience with open discussion


Philip Gross, Member

Kleinberg, Kaplan, Wolff & Cohen, P.C.


E. George Teixeira, Partner


4:55PM - 5:00PM

Closing Remarks

E. George Teixeira, Partner