Saturday, January 20

8:30AM - 11:30AM

Civil & Criminal Tax Penalties

Chair:  Miriam L. Fisher, Morgan Lewis & Bockius LLP, Washington, DC

8:30am                  Opening Remarks by the Chair.

8:35am                  Reports of Subcommittees.  Attorney-Client and
     Constitutional Privileges, Bradley L. Williams, Ice 
     Miller, Indianapolis, IN;  Important Developments 
     -Civil, Charles P. Rettig, Hochman Salkin Rettig
     Toscher & Perez, Beverly Hills, CA; Important
     Developments - Criminal, Caroline D. Ciraolo,
     Rosenberg Martin Funk Greenberg, Baltimore, MD;
     Sentencing Guidelines, Niles Elber, Caplin & Drysdale
     Chartered, Washington, DC; Monetary Violations
     and Forfeitures, James N. Mastracchio, Morgan Lewis
     & Bockius LLP, Washington, DC; Legislative and
     Administrative Developments, John Colvin, Chicoine
     & Hallett, Seattle, WA; International Tax
     Enforcement, Scott A. Harty, Smith Gambrell &
     Russell LLP, Atlanta, GA; IRS Investigations and
     Practices, Josh Ungerman, Meadows Owens Collier
     Reed Cousins & Blau, Dallas, TX.

9:05am                  IRS Chief Counsel Penalty Update.  Speaker: Deborah
     A. Butler, Associate Chief Counsel (Procedure and
     Administration), Office of Chief Counsel, IRS,
     Washington, DC.

9:30am                  Penalty Computation Disputes--The Devil''s in the
     Details.  A discussion of case developments and
     ambiguities in recent penalty legislation as to the type
     of infractions covered and how civil penalties should
     be calculated.  Panelists: M. Carr Ferguson, Davis
     Polk & Wardwell, New York, NY; Mario J. Verdolini,

                                     Davis Polk & Wardwell, New York, NY.

10:00am                Queen for A Day? Proffer Practice.  The panel will
     discuss the strategic pros and cons of letting a client
     talk to prosecutors with the increasingly limited
     protections afforded by a proffer agreement. 
     Moderator:  Brent J. Gurney, Wilmer Hale,
     Washington, DC.  Panelists:  Dana J. Boente,
     Principle Deputy Assistant Attorney General, Tax
     Division, Department of Justice, Washington, DC;
     Justin A. Thornton, Law Offices of Justin Thornton,
     Washington, DC.

10:40am                When Does a Lawyer Need a Lawyer?  The panel will
     consider a case study exploring practical and legal 
     risks for practitioners whose clients may have illegal-
     source income.  Moderator:  Ian M.Comisky, Blank
     Rome Comisky & McCauley, Philadelphia, PA. 
     Panelists:  Michael E. Yasofsky, Special Agent-In-
     Charge, Criminal Investigation Division, IRS, Tampa,
     FL; Harvey M. Silets, Katten Muchin Rosenman LLP,
     Chicago, IL; Michael D. Shepard, Deloitte Financial
     Advisory Services LLP, New York, NY; Miriam L.
     Fisher, Morgan Lewis & Bockius LLP, Washington,
     DC.