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

Anchin

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

Deloitte

 

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

KPMG

 

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

EisnerAmper

 

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

KPMG

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

Stroock

 

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

Anchin

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

CohnReznick 

 

Joshua Blumenthal, Partner

CohnReznick 

 

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

KPMG

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

Weaver

 

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

RSM US LLP

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

KPMG

 

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

RSM US LLP 

 

E. George Teixeira, Partner

Anchin

 

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

BDO

 

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

Anchin

4:55PM - 5:00PM

Closing Remarks

E. George Teixeira, Partner

Anchin