Last Year's Agenda

November, 12, 2020

9:00 – 9:10AM EST

Chairperson’s Welcome and Opening Remarks

E. George Teixeira, Partner


9:10 – 9:55AM EST

Year-End Tax Planning Opportunities

  • Address year-end tax planning based on Presidential election result predictions
  • Understand the finer points of structuring management companies for the best tax results


Philip Gross, Member

Kleinberg, Kaplan, Wolff & Cohen


E. George Teixeira, Partner


9:55 – 10:05AM EST

10:05 – 10:50AM EST

Analyze the IRS’ Proposed Carried Interest Regulations

  • Understand what is at stake with incentive allocation and long-term capital gains
  • Determine how fee waivers may work with the new carry rules
  • See the full impact of converting management fees to profit allocation, and vice versa


Edward Dougherty, National Managing Partner, Investment Management Tax; National Hedge Fund Leader



Laura Ross, Partner


10:50 – 11:00AM EST

11:00 – 11:45AM EST

Tax Considerations for New Products and Investment Strategies

  • Uncover the latest financial products and relevant tax planning
  • Understand the tax impact from recently released 163(j) guidance on business interest expense deduction limitation
  • Constructive sales: benefit from best practices for planning when you have unrealized gains


Tony Tuths, Tax Principal, Alternative Investments



Richard Cagnetta, CPA, Principal 

Untracht Early 

11:45 – 11:55AM EST

11:55 – 12:30PM EST

Tax Considerations for Foreign Funds Investing in the US

  • Discuss effectively connected income (ECI) and the latest on loan origination and restructuring
  • Learn how to use corporate blockers to minimize US tax
  • Understand the use of real estate investment trusts (REITs) and how to stop tax “leakage”
  • Explore sample fund structures to gain deeper insight


Maury Cartine, Partner

Marcum LLP


Amanda Nussbaum, Partner 

Proskauer Rose 

12:30 – 1:00PM EST
Networking Lunch Break

1:00PM – 1:40PM EST

Tax Considerations for Foreign Investments by US Funds

  • Analyze opportunities and pitfalls within passive foreign investment company (PFIC) rules
  • Identify controlled foreign corporations (CFCs); the repeal of Section 958(b)(4) and its unintended consequences
  • Discuss US tax compliance, treaty structures, the implications of taxing foreign derived intangible income (FDII) at a lower rate and other TCJA changes


Lisa Head, CPA, Partner-In-Charge  



Sajjad Qamar, Managing Director, International Tax Services Financial Services  



1:40 – 1:50PM EST

1:50 – 2:35PM EST

Review States’ Responses to COVID-19 and Nexus Considerations

  • Divine the trends among individual state responses to the pandemic and the impact to your business
  • Discuss and gain guidance on the ongoing asset management fee sourcing issue
  • Understand the impact on filing requirements of market sourcing


Nicholas Passantino, Tax Director



Leighanne Scott, Member 

Caplin & Drysdale 

2:35 – 2:45PM EST

2:45 – 3:30PM EST

Dive into Liability Allocations and Reporting Rules

  • Get guidance on the new Section 752 regulations and negative tax basis capital account reporting requirements
  • Seize the planning opportunities without triggering deferred taxable income for the principal
  • Learn which partnership liabilities can be included in a partner’s basis in the partnership interest
  • Understand when debt is considered nonrecourse and the implications for responsibility over payment obligations
  • Get clarity on the guidance just released by the IRS for tax capital reporting on the K-1


James Cofer, Partner

Seward & Kissel


Ahuva Indig, Partner, Financial Services 



3:30 – 3:40PM EST

3:40 – 4:10PM EST

Tackle Tax Issues of Restructuring Distressed Debt and Businesses

  • Review taxation of distressed debt to maximize advantages
  • Understand the CARES Act tax provisions and issues impacting distressed companies to fully take advantage of the opportunities
  • Gain clarity and guidance on US federal tax issues when restructuring distressed businesses
  • Learn when and when not to accrue interest income to have the best outcome


Robert Altieri, CPA, Principal  

Frankel, Loughran, Starr & Vallone


Steven Bortnick, Partner 

Troutman Pepper Hamilton Sanders 

4:10 – 4:30PM EST

IRS Controversy Update

  • Identify the current status of IRS activities
  • Examine recent exam trends to help funds better prepare for increased scrutiny


Miri Abrams Forster, Principal and Tax Controversy Co-Leader


4:30PM EST

Chairperson’s Summary of Day One

E. George Teixeira, Partner


November 13, 2020

9:00 – 9:10AM EST

Chairperson’s Day Two Opening Remarks

E. George Teixeira, Partner


9:10 – 9:55AM EST

Keynote Address: The Fees and Expenses Battlefield

  • Discuss recent changes in reporting and abiding controversy areas
  • Scan what’s on the horizon for private funds reporting and the potential implications for your fund
  • Understand COVID-19’s impact on private equity valuation


Tom Angell, CPA, MBA, Partner 


9:55 – 10:05AM EST

10:05 – 10:50AM EST

SEC Hot Topics Roundtable

  • Understand the SEC’s examination priorities for 2020 to better prepare
  • Gain best practices to prepare for an exam given the new environment
  • Take a deeper dive into public SEC cases and enforcement actions to stay ahead


Jamila Abston, Partner, Financial Services Risk Management



Chris Mears, Audit Partner and National Emerging Manager Practice Leader  



Dale Thompson, Partner Asset Management Practice 


10:50 ¬– 11:00AM EST

11:00 – 11:45AM EST

Minimize Valuation Risk in an Illiquid Trading Environment

  • With heightened valuation challenges due to the pandemic, learn how to mitigate the valuation risk
  • Identify the core factors for setting up or auditing your current valuation process


Gautham Deshpande, Partner


Michael Patanella, Audit Partner and US Asset Management Sector Leader  

Grant Thornton 


Olga Arakcheyev, Advisory Services - Director 

Grant Thornton 

11:45 – 11:55AM EST

11:55 – 12:40PM EST

Mitigating Cybersecurity Risks in a Virtual Environment

  • Breaches: understand breaches, how are regulators looking at topics of concern given the pandemic
  • Get ahead: hear What to expect – back up sites, disaster recovery, what does that mean for different firms


Sharon Klein, Partner 

Troutman Pepper Hamilton Sanders 


Justin Headley, Consulting Manager 

Warren Averett 

12:40 – 1:40PM EST
Networking Lunch Break

1:40 – 2:30PM EST

Business Continuity Planning in the Wake of the Pandemic Test

  • Discuss what’s worked and what hasn’t, now that company disaster plans have been tested
  • Gather business continuity plan regulatory requirements and best practices concerning funds and portfolio companies
  • Minimize business interruptions: building a plan with impact analysis, resiliency and recovery strategies


Chris Mears, Audit Partner and National Emerging Manager Practice Leader  



Erica England, Chief Financial Officer 

Wolcott Family Office 

2:30 – 2:45PM EST

2:45 – 3:45PM EST

Best Practices CFO Roundtable – Managing Operations in 2020 and Beyond

  • Discuss fundraising in the new normal, capitalizing fund and portfolio companies, NAV, secondaries/ restricting, and end of fund concerns
  • Address new staffing needs – emotional and financial – around working remotely, the return to the office and travel and expense policies
  • Gain best practices for Advisory Board and investor relations and for reporting


Moderator: Michael Patanella, Partner, National Asset Management Sector Leader  

Grant Thornton 



James Stevenson, Chief Financial Officer 

ABS Capital Partners 


Joshua Cherry-Seto, Chief Financial Officer

Blue Wolf Capital Partners


Eric Emrich, Chief Financial Officer

Independence Capital Partners

3:45PM EST

Chairperson’s Summary Remarks and Conference Concludes

E. George Teixeira, Partner