Saturday, January 20

8:30AM – 11:45AM

Corporate Tax

Chair:    Karen Gilbreath Sowell, Ernst & Young LLP, Washington, DC

8:30am                  An Evolving Theory of Basis?  Exploring Recent 
Guidance.  This panel will discuss the final 
regulations under sction 358 and other basis recovery
issues that are implicated by recent guidance. 
Moderator:  Karen Gilbreath Sowell, Ernst & Young 
LLP, Washington, DC.  Panelists:  William D. 
Alexander, Associate Chief Counsel (Corporate), IRS, Washington, DC; Marc A. Countryman, Attorney Advisor, Office of Tax Legislative Counsel, Department of Treasury, Washington, DC; Steven Harrison, 
Dewey Ballantine LLP, New York, NY; David H. 
Schnabel, Debevoise & Plimpton LLP, New York, NY. 

9:45am                  Analyzing Transactions after Recent Shelter Cases.  
     The panel will consider the impact of Coltec and
     Black & Decker on transaction planning and on
     audit, controversy and litigation matters. Moderator:
     Mark J. Silverman, Steptoe & Johnson LLP,
     Washington, DC.  Panelists:  Glen A. Kohl, Electronic
     Arts, Redwood City, CA; Matthew D. Lerner, Steptoe
     & Johnson LLP, Washington, DC; Gerald V. Thomas
     II, Alston & Bird LLP, Atlanta, GA.

11:00am                Current Developments.  This panel will explore recent
     guidance, including issues related to section 362(e)(2)
     and interesting letter rulings.  Moderator:  Milton B.
     Hyman, Irell & Manella LLP, Los Angeles, CA. 
     Panelists:  Marc A. Countryman, Senior Technician
     Reveiwer, Branch 4, Office of Chief Counsel, IRS,
     Washington, DC; Mark A. Schneider, Deputy
     Associate Chief Counsel (Corporate), Office of Chief
     Counsel, IRS, Washington, DC; Kirsten L. Simpson,
     Ernst & Young LLP, Washington, DC.