| Agenda: |
8:30am Opening Remarks. Ronold P. Platner, Olympia Companies, Scottsdale, AZ.
8:35am Sales and Exchanges: Current Developments. Co Chairs: Erik Jensen, Case Western Reserve University School of Law, Cleveland, OH; and Brad Borden, Washburn University School of Law, Topeka, KS. Presentation of new cases and rulings affecting sales, exchanges and basis.
9:00am Part II – Advanced 199 for Real Estate Transactions. Co-Chairs: George Manousos, Taxation Specialist, Office of Tax Legislative Counsel, Department of Treasury, Washington, DC; Virginia Stevenson, Kennedy Covington Lobdell & Hickman, LLP, Charlotte, NC and Todd B. Reinstein, Pepper Hamilton LLP, Washington, DC. The panel will analyze the recently released Section 199 regulations in the context of an operating real estate venture.
9:50am Series LLC''s: Realization Events. Moderator: Ron Platner, Olympia Companies, Scottsdale, AZ; Panelists: Howard J. Levine, Roberts & Holland, LLP, Washington, DC; Terrence F. Cuff, Loeb & Loeb, LLP, Los Angeles, CA; Jeanne Sullivan, , Senior Technician Reviewer, Internal Revenue Service, Washington, DC. The panel will discuss the parameters of Series LLC''s, how and why they are used, how they differ from partnership owning properties through various SMLLC''s, how they are treated for tax purposes, IRS'' view, and the Status of National Office project.
10:30am Shelters – Viewing the Transactions From Sales, Exchange and Basis Perspectives. Moderator: Paul L.B. McKenney, Raymond & Prokop, PC, Southfield, MI. Panelists: W. Ralph Canada, Dallas TX; David D. Aughtry, Chamberlain Hrdlicka, Atlanta, GA. This panel will explore the most frequently employed shelter, Son of BOSS, from the perspectives of the various sales and exchanges as well as resultant basis issues.
11:15am 1031 Current Development. Panelists: Kelly Alton, Deloitte, Washington, DC; Donna Crisalli, IRS Special Counsel to Associate Chief Counsel, Washington, DC; Max Hansen, President and CEO, American Equity Exchange, Dillon, MT; Ron Platner, Olympia Companies, Scottsdale, AZ; David Shechtman, Montgomery, McCracken, Walker & Rhoads, LLP, Philadelphia, PA. The panel will discuss the effect on 1031 exchanges and the qualified intermediary industry of any new Section 468B-6 regulations and other Section 1031 current events.
2:00 PM Special Cost Segregation Mini-Program: Chair: Ron Platner, Olympia Companies, Scottsdale, AZ; Panelists: Rogelio A. Villageliu, IRS Office of Chief Counsel, Chicago, IL; Mary Foster, 1031 Services, Inc, Bellevue, WA; Lynn Afemann, KPMG Washington National Tax Practice, Washington, DC; Bob Montes, RSM McGladrey, Inc.; Pasadena, CA; J. Philip Hofmann, IRS, Wichita, KS. The panel will discuss in detail, using a hypothetical case study, the effects of differences in recovery periods and methods that can result from a cost segregation analysis and the re-characterization of real property as personal property or land improvements |