Announcements

Accounting for Income Taxes: Advanced Topics and Year End Update

Presented by Deloitte

Friday, December 6, 2019

Deloitte’s Offices

111 South Wacker Drive

Chicago, IL 60606

Please join TEI’s Chicago Chapter for an informative, full-day advanced accounting for income tax program presented by Deloitte.  

You must register and pay for this program in advance through Eventbrite. No payments will be accepted at the door. 

The cost for this meeting is $25 for TEI members and $125 for non-TEI members.  Season ticket holders may use their season pass.  

For registration information, please visit:  https://www.eventbrite.com/e/tei-chicago-chapter-accounting-for-income-taxes-advanced-topics-year-end-update-tickets-79292450855

CPE and Illinois CLE available. This event is limited to tax professionals working in private industry.

Questions – please contact Irene Brajner at imbrajner@aol.com.  

Federal Updates
- Demystifying the Digital Workforce
- Accounting for Income Taxes - Emerging Issues
- Tax Legislative Update

Presented by PwC
8:30 - 12:15
GA Power HQ - 241 Ralph McGill Blvd

RSVP:  TEI_ATL@yahoo.com
Sherrie Ricker

Please join us on Tuesday, December 3, 2019 for the TEI Emerging Tax Professionals Seminar, sponsored by McDermott Will & Emery. 

This free seminar is intended for all in-house corporate tax professionals with up to 15 years of experience. You do not need to be a member of TEI to attend.

Please share this invite with members of your Tax Team or colleagues you know at other firms who are emerging tax professionals.

EMERGING TAX PROFESSIONALS SEMINAR

Tuesday, December 3, 2019

Presenter: McDermott, Will & Emery

444 W. Lake Ave.

Chicago, IL 60606 41^st floor

12:00 – 12:45 pm: Lunch and Registration

12:45 –1:30 pm: Corporate Tax Revisited

Justin Crouse & Emily Mussio (MWE)

On the heels of the Tax Cuts and Jobs Act (TCJA), this panel will revisit some of the fundamental corporate tax considerations associated with common transactions, including capital contributions, financing issues, and corporate reorganizations and other intercompany transactions that remain a vital part of U.S. tax planning.

1:30 –1:45 pm: Break 

1:45 – 2:30 pm: Introduction and Overview of Taxation of CFC Income and Cash Repatriation

Jonathan Lockhart & Alex Ruff (MWE)

This panel will introduce and discuss the three major categories of CFC income (GILTI, Subpart F Income, and Residual Income), including section 960 foreign tax credit utilization, the Subpart F income and GILTI high-tax exceptions, issues associated with the section 245A DRD.  The panel will also discuss some practical issues associated with cash distributions and repatriations from CFCs.

 2:30 – 3:15 pm: State and Local Taxation (SALT) Update:  Post TCJA and Wayfair

Joe Bishop-Henchman & Eric Carstens (MWE)

This panel will present an overview of the changes at the state level that have taken place since the enactment of the TCJA and the Supreme Court's Wayfair decision.  The panel will also discuss other SALT-related developments aside from TCJA (e.g., unclaimed property litigation, audit trends, transfer pricing audit activities, etc.)

 3:15 – 3:30 pm: Break

 3:30 – 4:15 pm: Career Development Panel: Taking Ownership of Your Professional Future                                   

4:15 – 4:30 pm: Closing/Q&A 

4:30 – 5:30 pm Cocktails, Networking and Giving (TEI Chicago IMPACT) Event

Please note, this event is limited to tax professionals working in private industry with less than 15 years of experience. 

You must register for this program in advance through Eventbrite. There is no charge for this event!

For registration information, please visit:  https://www.eventbrite.com/e/tei-chicago-chapter-emerging-tax-professionals-seminar-tickets-77241721067

CPE/CLE will be available.  Questions – please contact Irene Brajner at imbrajner@aol.com.

Learning Objective:  We're experiencing the 4th Industrial Revolution.  AKA intelligence is melding existing and emerging technologies in a way that is dramatically shifting our economy, how we live and how we work. How does the tax function and professional not only keep up, but thrive? 

Presenter - Hadley Leach - PwC Partner

Flemings - Perimeter
11:30 - 1:00 (Please arrive early)
RSVP - TEI_ATL@yahoo.com
Sherrie Ricker

Navigating the New Foreign Tax Credit Regulations

Location: BAKER MCKENZIE Offices
300 East Randolph Street
Suite 5000
Chicago, IL 60601
Registration:  7:00 a.m.
Program:  7:30 – 9:00 a.m.

Please join us for our next Chief Tax Officer & US Head of Tax Breakfast Roundtable at Baker McKenzie.  We will be discussing the new foreign tax credit regulations, the impact of expense apportionment, and potential planning opportunities. Meaghan Wolfe and Matt Jenner will lead the discussion.

Please register for this free roundtable on Eventbrite: https://www.eventbrite.com/e/tei-chicago-chapter-cto-us-tax-leadership-breakfast-roundtable-tickets-82140252707

Did you receive your Eventbrite invitation to this year's Tax Education Day?  Check out the event details here:​

International Update
Presented by PwC

• Managing Global Intangible Low-Taxed Income, Subpart F, Foreign Tax Credit, and Base Erosion Anti-Abuse Tax Issues
• Business Operating Models in light of Non-US Developments and Foreign Derived Intangible Income Considerations
• Legislative Update

8:30-10:30
Confirm attendance at TEI_ATL@yahoo.com

September 26, 2019 8 am-12 noon State Tax Updates
October 22, 2019 8 am-12 noon Federal Tax Updates
November 19, 2019 8 am-12 noon
December 17, 2019 8 am-12 noon
February 18, 2020 12 noon - 4 pm
March 17, 2020 noon - 4 pm
May 5, 2020 All Day Spring Conference
May 19, 2020 8 am-12 noon Ethics

Please join us on Tuesday, December 3, 2019 for the TEI Emerging Tax Professionals Seminar, sponsored by McDermott Will & Emery. 

This free seminar is intended for all in-house corporate tax professionals with up to 15 years of experience. You do not need to be a member of TEI to attend.

Presenter: McDermott, Will & Emery

444 W. Lake Ave.

Chicago, IL 60606 41^st floor

12:00 – 12:30 pm: Lunch and Registration

12:30 –1:20 pm: Corporate Tax Revisited

Justin Crouse & Emily Mussio (MWE)

 

On the heels of the Tax Cuts and Jobs Act (TCJA), this panel will revisit some of the fundamental corporate tax considerations associated with common transactions, including capital contributions, financing issues, and corporate reorganizations and other intercompany transactions that remain a vital part of U.S. tax planning.

1:20 –1:35 pm: Break 

1:35 – 2:25 pm: Introduction and Overview of Taxation of CFC Income and Cash Repatriation

Jonathan Lockhart & Alex Ruff (MWE)

This panel will introduce and discuss the three major categories of CFC income (GILTI, Subpart F Income, and Residual Income), including section 960 foreign tax credit utilization, the Subpart F income and GILTI high-tax exceptions, issues associated with the section 245A DRD.  The panel will also discuss some practical issues associated with cash distributions and repatriations from CFCs.

2:25 – 3:15 pm: State and Local Taxation (SALT) Update:  Post TCJA and Wayfair

Joe Bishop-Henchman & Eric Carstens (MWE)

This panel will present an overview of the changes at the state level that have taken place since the enactment of the TCJA and the Supreme Court's Wayfair decision.  The panel will also discuss other SALT-related developments aside from TCJA (e.g., unclaimed property litigation, audit trends, transfer pricing audit activities, etc.)

3:15 – 3:30 pm: Break

3:30 – 4:20 pm: Career Development Panel: Taking Ownership of Your Professional Future                                    

4:20 – 4:30 pm: Closing/Q&A

4:30 – 5:30 pm: Cocktails, Networking and Giving (TEI Chicago IMPACT) Event

You must register for this program in advance through Eventbrite. There is no charge for this event!

However, this event is limited to tax professionals working in private industry with less than 15 years of experience. 

Registration information, please  visit:  https://www.eventbrite.com/e/tei-chicago-chapter-emerging-tax-professionals-seminar-tickets-77241721067

Questions – please contact Irene Brajner at imbrajner@aol.com.

TEI & Morgan Lewis Present:

Taxation of Compensation & Benefits / After TCJA and IRS-State Audits

Tuesday, November 12, 2019

8:15 am – 4:30 pm

Offices of Morgan Lewis

77 West Wacker Dr.

Chicago, IL

Please join TEI & Morgan Lewis for an in-depth review of Compensation/Benefit tax issues after the TCJA along with navigating IRS and State audit issues.

Agenda 

November 12, 2019
Time	Topic*	Speaker(s)
8:15-9:00	Breakfast & Registration
9:00-10:00	Planes, Trains and … Snacks?   What’s Left of Fringe Benefits After the TCJA (and Other Executive Comp and Payroll Tax Audit Updates) Employee or Independent Contractor?  Resolving Worker Classification Issues with the IRS	Handy Hevener & Steve Johnson
10:0-11:00	IRS Audits of Qualified Retirement Plans	Dan Salemi
11:00-11:10	Break
11:10-12:10	Select Issues in Equity Compensation for Corporations and Partnerships – Stock Options, RSUs, and Profits Interests	Erin Randolph-Williams & David Zelikoff
12:10-1:10	Lunch A Baker’s Dozen Procedural Tips to Counter IRS Agents’ Attempts to Increase Taxes, Interest and Penalties in Payroll Tax Audits	Handy Hevener & Steve Johnson
1:10-2:10	State and Local Payroll Tax Audit Hot Topics, with Special Focus on Recent Law Changes in Illinois (including the Fast-Approaching SB1515, 30-Day Threshold for Taxing Out-of-State Employees Working in Illinois)	Cosimo Zavaglia & Matthew Mock
2:10-3:10	Individual HRAs—Roadmap to the Future or Bridge to Nowhere? ACCA Reporting and Potential IRS Penalties (and Defense Tactics)	Andy Anderson & Sage Fattahian
3:10-3:20	Break & Complete CPE/CLE Forms
3:20-4:20	Re-purposing VEBA assets (lots of tax and ERISA issues, plus recent regulatory developments) Payroll Deductions from STD, LTD & FML Payments, Plan Qualification, & IRC 45S Credit Issues (again, lots of tax, state law and plan qualification issues)	Jonathan Zimmerman & Handy Hevener

                                                               
The price for this workshop is $25 for TEI Chicago Members, $125 for Nonmembers and $125 for TEI Members from other Chapters.  Please note TEI Chicago Members may use their nontransferable season pass.  Also, TEI Chicago Members will be given priority over Nonmembers and TEI Members from other Chapters for purposes of registration. 

To register, please visit: https://www.eventbrite.com/e/tei-taxation-of-compensation-benefitsafter-tcja-irs-state-audits-tickets-77243783235. 

CPE/CLE will be provided.  This event is limited to in-house tax professionals.

INTERNATIONAL TAX FORUM

When: Wednesday, November 20, 2019
Presenters: McDermott, Will & Emery and PwC
Location: McDermott, Will & Emery offices
444 W. Lake Ave.
Chicago, IL 60606 41^st floor

Please join us on Wednesday, November 20, 2019 for the annual TEI International Tax Forum, sponsored by McDermott Will & Emery and PwC.

The agenda along with the link for registration are listed below.

8:00 – 8:30  Registration and Breakfast

8:30 - 9:30  Taxation of CFC Income and Cash Distribution/Repatriation

9:30 - 9:45  Break
9:45 – 10:45  Cross Border M&A Tax Planning
10:45 – 11:00  Break
11:00 – 12:00  IP Ownership after TCJA
12:00 – 1:45 Lunch Speakers: Tax Policy Outlook
1:45 – 2:45 Digital Taxation, MLI and Other EU Tax Developments
2:45 – 3:00 Break
3:00 – 4:00 Regulatory Challenges to TCJA and Preparing for Controversies
4:00 Reception – Cocktails

You must register and pay for this program in advance through Eventbrite. No payments will be accepted at the door.

The cost for this meeting is $25 for TEI Chicago Chapter members and $125 for TEI members from outside the Chicago chapter and non-TEI members. Season ticket holders may use their season pass.  

Registration information, please visit: https://www.eventbrite.com/e/tei-chicago-chapter-international-tax-forum-tickets-76520140801

CPE and Illinois CLE available.

This event is limited to tax professionals working in private industry.

Questions – please contact Irene Brajner at imbrajner@aol.com.

Did you know ... TEI now allows tax professionals with less than 5 years corporate tax experience to join TEI? 

Complete the attached application and join as an “Associate Member” for just $100!  That’s $150 savings over a Full Membership!  Plus the Chicago Chapter will give you a season pass (worth $100) to attend all of its meetings plus social events for FREE through 6/30/2020!

We can’t wait for you to join us!

Please see attached job opportunity.

Follow the below link for the agenda for the seminar on 9/12/19 

FEDERAL TAXATION, FINANCIAL REPORTING AND INTERNATIONAL TAXATION:  UPDATES & DEVELOPMENTS
It is also available under Library.

August 15, 2019

Dear TEI Los Angeles Chapter Members:

I hope you all are having a wonderful summer!

I am both honored and excited to serve as your President. Thank you for putting your confidence and trust in me and your Los Angeles Chapter Board of Directors. I want to welcome the new members to our chapter. I look forward to meeting each of you at one of our upcoming local chapter events. To the rest of our members, thank you for your continued support over the years. It is because of you that the TEI Los Angeles Chapter has thrived over the years to become a leader, serving its members and advancing the tax profession through high quality education and networking.

TEI just started its 2019-2020 fiscal year and it promises to be an exciting year. Your Los Angeles Board just had their annual planning meeting and we have lined up some great chapter meetings, all day seminars, and speakers.  Below are the events we have slated for 2019-2020 so mark your calendars and save the dates!

I look forward to serving you as your President and I invite you to reach out to me should you have any questions, concerns, or suggestions to make our Chapter better, or if you just want to chat. If you are interested in becoming a board member, please reach out to me or to any of the other board members. Have a great rest of the summer and I look forward to seeing you all soon.

Sincerely,


Katherine Henry
President, TEI Los Angeles Chapter
khenry@mgm.com
(310) 586-8967 (work)
(310) 490-4829 (cell)


TEI Los Angeles Chapter 2019–2020 Events:
09/27/19 Accounting Methods Seminar
10/24/19 Legislative Tax Update Chapter Dinner Meeting
11/22/19 ASC 740 Seminar
02/19/20 IRS/TEI Liaison Chapter Meeting
02/28/20 Controversy Seminar
03/19/20 International Tax Seminar
04/23/20 CTO/Technology Roundtable
05/15/20 SALT Seminar
06/03/20 Tax Administrators Night

The presentation materials for the 4-23-19 Conference are now uploaded.  Please look under Library.

The Chapter now uses Eventbrite for all its events.  Be the first to know of any new events by Following the Chapter on Eventbrite.

Our Chapter now has a LinkedIn page.  Follow it for all the latest on events and news.

#philadelphiachaptertei
​

LUNCHEONS:
  November 19, 2019 (State)
  December 10, 2019 (Corp Mgt)
  January 21, 2020 (Technology)
  March 17, 2020 (Financial Reporting)
  April 21, 2020 ( International)

INT'L COMMITTEE - November 21, 2019

HALF DAY/FULL DAY
  December 2019
  February 2020
  May 2020
  June 2020