View 2024 Agenda | Private Investment Fund Tax & Accounting Forum | A FRA Conference

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Private Investment Fund Tax & Accounting Forum
December 10-11, 2024
Virtual

Past Agenda

Tuesday - December 10, 2024

10:00 AM 10:05 AM

9:00 AM 9:05 AM

8:00 AM 8:05 AM

7:00 AM 7:05 AM

4:00 PM 4:05 PM

Welcome and Chairperson’s Opening Remarks

George Teixeira, Partner and Tax Leader of Financial Services Practice
Anchin

10:05 AM 10:50 AM

9:05 AM 9:50 AM

8:05 AM 8:50 AM

7:05 AM 7:50 AM

4:05 PM 4:50 PM

Keynote Address: Current Digital Asset Regulations & Upcoming Reporting Obligations

  • Understand the expanding use of cryptocurrencies and digital assets as tools of trade and exchange
  • Gain clarity on the present state of U.S. regulations for digital assets, including CeFi (Centralized Finance) and DeFi (Decentralized Finance)
  • Analyze the balance between Regulation and Innovation

Sulolit “Raj” Mukherjee, Executive Director, Compliance & Implementation, Office of Digital Asset Initiative
IRS

10:50 AM 11:00 AM

9:50 AM 10:00 AM

8:50 AM 9:00 AM

7:50 AM 8:00 AM

4:50 PM 5:00 PM

Break

11:00 AM 11:50 PM

10:00 AM 10:50 PM

9:00 AM 9:50 PM

8:00 AM 8:50 PM

5:00 PM 5:50 AM

IRS Audit Activity Updates    

  • Overview of current IRS enforcement landscape and its impact on partnerships and high- income taxpayers
  • Highlight recent exam trends impacting private funds, managers and investors
  • Navigate IRS audits, including preparation, response strategies, and best practices for managing interactions with IRS officials

Miri Forster, Partner and National Tax Controversy Leader
Eisner Advisory Group LLC

Melissa Wiley, Partner
Lowenstein Sandler LLP

Caroline D. Ciraolo, Partner
Kostelanetz LLP

11:50 AM 12:00 PM

10:50 AM 11:00 AM

9:50 AM 10:00 AM

8:50 AM 9:00 AM

5:50 PM 6:00 PM

Break

12:00 PM 12:50 PM

11:00 AM 11:50 AM

10:00 AM 10:50 AM

9:00 AM 9:50 AM

6:00 PM 6:50 PM

Navigating Digital Asset Taxation; Regulations for Cryptocurrency

  • Review IRS guidance and Form 1099-DA, recordkeeping requirements for taxpayers 
  • Analyze the practical implications of the IRS regulations on brokers and taxpayers, including potential challenges and best practices
  • Identify and categorize different taxable events related to digital assets under current tax laws
  • Explore strategies to ensure compliance with the new reporting requirements, including record-keeping and reporting practices

Shehan Chandrasekera, Head of Tax Strategy
CoinTracker

Seth Wilks, Executive Director, Strategy & Development, Office of Digital Asset Initiative
IRS

12:50 PM 1:15 PM

11:50 AM 12:15 PM

10:50 AM 11:15 AM

9:50 AM 10:15 AM

6:50 PM 7:15 PM

Lunch Break

1:15 PM 1:30 PM

12:15 PM 12:30 PM

11:15 AM 11:30 AM

10:15 AM 10:30 AM

7:15 PM 7:30 PM

Lunch and Learn presented by K1x

Camron Momeni, VP of Solutions Engineering
K1x

1:30 PM 2:15 PM

12:30 PM 1:15 PM

11:30 AM 12:15 PM

10:30 AM 11:15 AM

7:30 PM 8:15 PM

A Sprinkle of SALT – State and Local Taxes

  • Navigate complex multistate tax issues related to carried interest and resident credits
  • Explore possible pass-through entity tax elections for investment funds of management companies with partners located in multiple states
  • Develop and implement effective tax strategies that optimize carried interest and resident credits to maximize tax efficiency
  • Update on the tax rules applicable to remote working employees

Timothy P. Noonan, Partner
Hodgson Russ, LLP 

Geralyn Hurd, President
K1x

2:15 PM 2:25 PM

1:15 PM 1:25 PM

12:15 PM 12:25 PM

11:15 AM 11:25 AM

8:15 PM 8:25 PM

Break

2:25 PM 3:10 PM

1:25 PM 2:10 PM

12:25 PM 1:10 PM

11:25 AM 12:10 PM

8:25 PM 9:10 PM

Exclusion of Gain on Qualified Small Business Stock

  • Identify and classify qualified small business stock within private investment funds, ensuring compliance with the necessary conditions for gain exclusion
  • Explore strategies to maximize the tax benefits associated with QSBS, including timing of investments and holding periods
  • Discuss best practices for documenting and reporting QSBS transactions

Stanley Barsky, Partner, Co-Leader, National Tax
Eisner Advisory Group LLC

Joseph Pacello, Asset Management Tax
BDO

Malcolm S. Hochenberg, Partner
Proskauer

3:10 PM 3:20 PM

2:10 PM 2:20 PM

1:10 PM 1:20 PM

12:10 PM 12:20 PM

9:10 PM 9:20 PM

Break

3:20 PM 4:05 PM

2:20 PM 3:05 PM

1:20 PM 2:05 PM

12:20 PM 1:05 PM

9:20 PM 10:05 PM

Year-End Tax Planning & Planning for the Future

  • Develop adaptive tax strategies that can respond to the election outcome, ensuring readiness for potential shifts in the tax landscape
  • Gain practical knowledge on specific year-end tax planning techniques, including deferrals, accelerations, and other tactics
  • Examine long-term tax planning strategies that consider various scenarios post-election

Moderator
George Teixeira, Partner and Tax Leader of Financial Services Practice
Anchin

Philip Gross, Partner
Kleinberg, Kaplan, Wolff & Cohen, P.C.

Mindi Lowy, US Fund of Fund Tax Sector Leader
PwC

Seth Factor, Partner | Alternative Investments | Tax
KPMG

4:05 PM 4:10 PM

3:05 PM 3:10 PM

2:05 PM 2:10 PM

1:05 PM 1:10 PM

10:05 PM 10:10 PM

Closing Remarks

George Teixeira, Partner and Tax Leader of Financial Services Practice
Anchin

Wednesday - December 11, 2024

10:00 AM 10:05 AM

9:00 AM 9:05 AM

8:00 AM 8:05 AM

7:00 AM 7:05 AM

4:00 PM 4:05 PM

Welcome Remarks and Day One Takeaways

George Teixeira, Partner and Tax Leader of Financial Services Practice
Anchin

10:05 AM 10:50 AM

9:05 AM 9:50 AM

8:05 AM 8:50 AM

7:05 AM 7:50 AM

4:05 PM 4:50 PM

Keynote Address: Navigating the Future for Private Funds

  • Gain insights into the latest developments in tax law, securities regulations, and anti-money laundering (AML) compliance impacting private investment funds
  • Explore evolving reporting standards for private funds, including updates on GAAP and international frameworks
  • Examine the integration of cryptocurrency and digital assets, addressing the legal, tax, and compliance challenges

Lee Sheppard, Tax Commentator
Tax Analysts

10:50 AM 11:00 AM

9:50 AM 10:00 AM

8:50 AM 9:00 AM

7:50 AM 8:00 AM

4:50 PM 5:00 PM

Break

11:00 AM 11:50 AM

10:00 AM 10:50 AM

9:00 AM 9:50 AM

8:00 AM 8:50 AM

5:00 PM 5:50 PM

Navigating the SEC Landscape

  • Review recent enforcement actions: lessons learned from recent Marketing Rule Violations and Off-Channel Communications
  • Explore effective financial reporting, accounting & disclosure violations and auditor failures in professional conduct
  • Review updated Form PF Reporting Requirements for Hedge Fund and Private Equity Fund Managers effective in 2025

Christopher Mears, Audit Partner, Asset Manager 
KPMG 

Mark Strefling, Partner
Sadis & Goldberg LLP

11:50 AM 12:00 PM

10:50 AM 11:00 AM

9:50 AM 10:00 AM

8:50 AM 9:00 AM

5:50 PM 6:00 PM

Break

12:00 PM 12:50 PM

11:00 AM 11:50 AM

10:00 AM 10:50 AM

9:00 AM 9:50 AM

6:00 PM 6:50 PM

Mitigating Tax Risk with Tax Insurance

  • Gain insight into the growing role of tax insurance as a game-changing tool for managing tax risk
  • Learn how private investment funds are strategically utilizing tax insurance to protect their portfolios and optimize returns
  • Dive into the latest trends and uncover where tax insurance is headed, helping you stay one step ahead in a rapidly evolving landscape

Justin Berutich, Head of Tax Insurance
Euclid Transactional

Joseph Volk, Partner - Tax Insurance Advisory
Leo Berwick

12:50 PM 1:30 PM

11:50 AM 12:30 PM

10:50 AM 11:30 AM

9:50 AM 10:30 AM

6:50 PM 7:30 PM

Lunch Break

1:30 PM 2:20 PM

12:30 PM 1:20 PM

11:30 AM 12:20 PM

10:30 AM 11:20 AM

7:30 PM 8:20 PM

Updates IT & Cyber Practices: Enhancing Security and Efficiency

  • Explore efficient IT solutions tailored for private investment funds, focusing on improving data management and reporting accuracy
  • Learn advanced cybersecurity practices and strategies to protect sensitive financial data
  • Discuss best practices for enhancing data privacy and protecting client information, including encryption and secure communication protocols

Erica England, Chief Financial Officer
The Wolcott Organization

2:20 PM 2:30 PM

1:20 PM 1:30 PM

12:20 PM 12:30 PM

11:20 AM 11:30 AM

8:20 PM 8:30 PM

Break

2:30 PM 3:15 PM

1:30 PM 2:15 PM

12:30 PM 1:15 PM

11:30 AM 12:15 PM

8:30 PM 9:15 PM

Analysis of Recent Court Decisions Affecting Private Investment Funds

Evaluate YA Global v. Commissioner Tax Court Decision

  • Review agent vs Service provider
  • Explore business vs trading securities safe harbor
  • Understand mark-to-market vs investment income

Loper Bright Enterprises V. Raimondo, Secretary of Commerce 

  • Explore if government agencies interpret ambiguities in the law?
  • Assess the Supreme Court decision overruling the Chevron Doctrine
  • Explications of Section 7805(a), sections conveying regulatory power

Mark Leeds, Partner
Mayer Brown

Maury Cartine, Managing Director  
Prospect Capital 

Amanda Nussbaum, Partner
Proskauer

3:15 PM 3:25 PM

2:15 PM 2:25 PM

1:15 PM 1:25 PM

12:15 PM 12:25 PM

9:15 PM 9:25 PM

Break

3:25 PM 4:10 PM

2:25 PM 3:10 PM

1:25 PM 2:10 PM

12:25 PM 1:10 PM

9:25 PM 10:10 PM

Preventing Business Fraud: Essential Strategies for Accounting Professionals

  • Identify and understand common fraud schemes and tactics that specifically target private investment funds
  • Explore effective internal control mechanisms designed to prevent, detect, and respond to fraudulent activities
  • Gain knowledge on conducting comprehensive fraud risk assessments to identify potential vulnerabilities

Justin Headley, Senior Manager
Warren Averett

Maury Cartine, Managing Director  
Prospect Capital 

 

 

4:10 PM 4:15 PM

3:10 PM 3:15 PM

2:10 PM 2:15 PM

1:10 PM 1:15 PM

10:10 PM 10:15 PM

Closing Remarks

George Teixeira, Partner and Tax Leader of Financial Services Practice
Anchin