1. Overview – Basic Building Blocks
A 51-page handout
- Description of the basic instruments used in developing financial products: forwards, options and notional principal contracts
- What are the economics of these instruments
- What is the taxation of these instruments
- Special rules for business hedges
David Golden, Ernst & Young LLP, Washington, DC
2. Taxation of Debt Instruments
A 32-page handout
- OID and imputed interest
- Convertible debt and investment units
- Contingent debt instruments
- Limitations on interest deductions
David Garlock, Ernst & Young LLP, Washington, DC
3. Hot Products
A 13-page handout
- Intended tax treatment
- Legislative change approved by senate but not enacted
- Contingent convertibles
- IRS-Response Rev. Rul. 2002-31
- Mandatory convertibles
David Garlock, Ernst & Young LLP, Washington, DC
4. International Financing and Financial Transactions of Foreign Persons
A 49-page handout
- U.S. withholding tax
- U.S. taxation of foreign persons
- Portfolio Interests
- Dividends
- Bona fide hedging transaction
David Golden, Ernst & Young LLP, Washington, DC
5. Tax Traps
A 62-page handout accompanied by two articles on Current Federal Tax Developments
- Section 1256 contracts
- Straddle rules
- Dividends received deduction: holding periods and other issues
- Foreign currency hedging and derivatives
- Constructive sales/constructive ownership
- Anti-conversion rules
William Pomierski, McDermott, Will & emery LLP, Chicago, IL
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6. Accounting for Derivatives and Hedging
A 33-page handout
- Overview of FAS 133
- FASB’s key decisions
- Derivative terms
- Hedge relationships
- General tax rules governing derivatives
David Golden, Ernst & Young LLP, Washington, DC
7. Tax Controversies
A 35-page handout
- Themes
- Recent cases
- Attorney client privilege basics
- IRS access to FIN 48 documentation
Paul Schick, Baker & McKenzie, Chicago, IL
Rob Walton, Baker & McKenzie, Chicago, IL
8. Qualified Business Units, Functional Currency, and Section 988 Foreign Currency Transactions
An 84-page handout
- Foreign currency basics
- Foreign currency transactions
- Foreign currency translation
- Hedging
- IRS attacks certain F(x) transactions
Peter Daub, Baker & McKenzie
9. Disparate Tax Treatment of Economically Equivalent Investment Tools
A 54-page handout
- Twenty-first securities overview
- Tax system relating to the taxation of financial instruments
- Possible client objectives
- Historical overview
- Establishing a SAB without triggering a constructive sale
Thomas Boczar, Twenty-First Securities Corporation
Introductory Session on DVD Also Available!
Format: DVD -R Length: approx 90 mins
Speaker: David Golden, Ernst & Young National Office, Washington D.C.
Regular Price: $125.00 US
Purchase the Conference materials CD AND the DVD for Only: $370
Up to 1.25 CPE / CLE Credits Available!
Click here for more information |
