Announcements

Presenters: Mayer Brown and PwC
Date: Tuesday, March 3, 2020
Location: Mayer Brown’s Chicago Offices; 71 S. Wacker Dr.
Eventbrite Registration Link: https://lnkd.in/e9fPjw9

AGENDA
I. 8:00 Registration and Breakfast
II. 8:30 Opening Remarks
III. 8:45 – 10:00 The Proposed Regulations on Advance Payments & Book-Tax Conformity.
IV. 10:00 – 10:30 The Code § 987 qualified business unit rules.
V. 10:30 – 10:45 Break VI. 10:45 – 11:45 Qualified Opportunity Zones.
VII. 11:45 – 12:30 Lunch
VIII. 12:30 – 1:30 Code § 163(j) and the new limitations on the deduction of interest.
IX. 1:30 – 2:30 The Base Erosion & Anti-Abuse Tax.
X. 2:30 – 4:00 Networking

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 Nonmembers. TEI Members with a Season Pass are free. Nonmembers are not allowed to use a Season Pass.

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

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

Have a blast watching games, discussing your brackets (NCAA or Tax) with your fellow TEI Chicago colleagues!

Thursday, March 19th
4:00 PM – 6:00 PM

South Branch Tavern and Grille
100 South Wacker Drive
Chicago

Appetizers and cocktails will be served.

Please note this is a FREE, TEI Members-only event.

Please RSVP by March 11th 2020, using the Eventbrite link below...thank you!

https://www.eventbrite.com/e/tei-chicago-chapter-march-madness-tickets-92518109155

Presented by Adam Sambler, Sr Mgr KPMG
Update on ASC 740 including the release of ASU 2019-12 as part of FASB's simplification initiative surrounding accounting for income taxes, proposed new income tax disclosures and an overview of recent SEC comment letters.

RSVP at tei_atl@yahoo.com no later than March 11th

Maggianos Cumberland

Tax Controversy & Ethics
Presented by Latham & Watkins LLP
Monday, February 24, 2020

Latham’s Offices
330 North Wabash Avenue
Chicago, IL 60611
28^th Floor

Please join TEI’s Chicago Chapter for an informative, full-day session on current tax controversy, ethics and related matters, presented by Latham & Watkins

8:00 – 8:30 Registration & Breakfast
8:30 – 10 a.m. Practical Ethics for In-House Tax Professionals

Speakers: Jean Pawlow and Andrew Strelka

10 - 10:15  Break
10:15 – 11:30  Controversy – Recent Developments and On the Horizon

Speakers: Rene de Vera and Brian McManus

11:30 – 12:15  Trends and Impacts of Representation and Warranty Insurance

Speakers:  Christopher Ohlgart and Michael Zucker

12:15 – 1:30  LUNCH
1:30  – 2:30  Whistleblower Claims: Dealing with the IRS and the SEC

Speakers:  Miriam Fisher and Eric Swibel

2:30 – 3:30  BBA Partnership Representatives: Ethical Obligations, Pitfalls and Consequences

Speakers: Diana Doyle and Jason Grover

3:30 - 3:45  Break
3:45 - 4:45  Current Tax Accounting Issues

Speakers: Joseph Kronsnoble and Jean Pawlow

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 Nonmembers. TEI Members with a Season Pass are free. Nonmembers are not allowed to use a Season Pass. 

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

For registration information, please visit: https://www.eventbrite.com/e/tei-chicago-chapter-tax-controversy-ethics-tickets-91470116581

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

Coming to The Westin Hilton Head Island, SC, the Region 8 Annual Conference.  Over 19 CPE and CLE eligible sessions.  See link below for more information

On behalf of current and former officers of the Chicago Chapter, we are sorry to announce the news that our tax colleague and friend, Marcy Miller, passed away on January 16, 2020. Her positive and loving spirit will be greatly missed.

Obituary information:
Marcella Koslowske Miller, 56, of Park Ridge, IL, died on January 16, 2020. She was born May 18, 1963 in Omaha, NE. A longtime employee of McDonald's Corporation, she earned a bachelor's degree from Creighton University and a master's degree from University of Denver. She is survived by her children, Michael, Julie, and Jackson of Park Ridge. Also survived by her mother, Marcella Ferlic Koslowske of Huntley, IL; father Fred Koslowske of Montrose, CO; sister Julie (Roger) Goulart of Los Altos, CA; and brothers: Tom (Joan) Koslowske of Ewing, NJ; Dan Koslowske of San Francisco, CA; and Charles Koslowske of Oklahoma City, OK.

Visitation will be January 31, 2020, from 4:30-7:00 p.m. at Ryan-Parke Funeral Home, 120 S. Northwest Hwy., Park Ridge, IL. A celebration of her life will follow at the Marriott Chicago O'Hare Hotel, 8535 W. Higgins Rd., Chicago, IL, beginning at 7:00 p.m.

In lieu of flowers, please send donations to Mesothelioma Applied Research Foundation.

Topics: Accounting Periods and Methods/Financial Products

Presented by: Mayer Brown and PWC

Date: Tuesday, March 3, 2020 (Full Day Meeting)

Location:
Mayer Brown’s Offices
71 South Wacker Drive
Chicago, IL 60606

PROGRAM DETAILS AND REGISTRATION INFORMATION WILL BE ANNOUNCED IN FEBRUARY

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.  

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.

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:​

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!

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
02/27/20 Controversy Seminar
03/19/20 International Tax Seminar (Postponed - Date TBD)
04/23/20 CTO/Technology Roundtable (Postponed - Date TBD)
05/08/20 SALT Seminar (Postponed - Rescheduled Date TBD)
06/03/20 Tax Administrator Night (Postponed - Date TBD)

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