CHECK-IN & CONTINENTAL BREAKFAST

8:45 – 9:00 a.m.

Welcome and Introduction **

– Nicholas A. Furia; MSBA Tax Law Section Chair

9:00 – 10:30 a.m.

Federal Business Tax Law Update **

Post-election business tax planning for the balance of 2012 and into 2013 continues to be complicated by uncertainty regarding expired investment incentives. This session will provide an update of federal tax legislation, regulations, and cases and discuss the impact on the 2012 tax season and 2013 tax planning.

– Mark A. Sellner

10:30 – 10:45 a.m.

BREAK

10:45 – 11:45 a.m.

Federal Individual Tax Law Update **

Post-election individual tax planning for the balance of 2012 and into 2013 continues to be complicated by uncertainty regarding tax rates. This session will provide an update of federal tax legislation, regulations, and cases and discuss the impact on the 2012 tax season and 2013 tax planning.

– Mark A. Sellner

11:45 a.m. – 1:15 p.m.

INSTITUTE LUNCHEON

Provided at live seminar only

Radisson Plaza Hotel Minneapolis

 

12:15 – 1:00 p.m.

LUNCHEON PRESENTATION

Inside the IRS Appeals Division: How to Maximize Your Appeals Experience

– Sheldon M. Kay; Deputy Chief of Appeals, Internal Revenue Service

1:15 – 2:15 p.m.

BREAKOUT SESSION A

 

1) S Corporations – Update and Planning Opportunities **

An analysis of the most current regulations, rulings, cases, and legislation that affect S corporations and subsequent planning opportunities.

– Jack W. Carlson

 

2) Significant Multistate Sales Tax and Income Tax Developments

This discussion will highlight recent sales and income tax developments. Included will be an update on changes to the corporate tax regimes in California, District of Columbia, North Carolina, as well as other states. There will also be a review of selected significant sales and income tax litigation, including the California decisions in Gillette and General Mills, along with a discussion of the congressional activity regarding remote seller rules.

– Daniel P. Bartholet & William J. Lunka

 

3) 911: Medical Device Excise Tax

This session will address recent developments in the medical device excise tax (scheduled to become effective January 1, 2013), compliance challenges facing taxpayers, and planning opportunities. The panel will pull from real world experiences working with clients and within the pulse of Washington, D.C.

– Denise Miley, Stacy D. Rubsam & Mel Schwarz

2:15 – 2:30 p.m.

BREAK

2:30 – 3:30 p.m.

BREAKOUT SESSION B

 

4) Federal Subchapter K Update

Partnerships and LLCs taxed under Subchapter K continue to be a source of deep division among lawmakers and courts, resulting in questions and uncertainty for tax planners. This session will provide an update of federal tax legislation and proposed legislation under Subchapter K, regulations, and cases and discuss planning opportunities for the 2012 and 2013 tax years.

– Emily M. Chad & Sara M. Reisdorf

 

5) The Business Case for Diversity **

1.0 elimination of bias credit applied for

Diversity in the legal profession is not only the right thing to do, it is good for business. This session will explain the financial and practical benefits of diversity, including attracting and retaining talented attorneys, reducing turnover, creating a productive work environment, enhancing business development efforts, and more.

– Roy S. Ginsburg

3:30 – 3:45 p.m.

BREAK

3:45 – 4:45 p.m.

Racing Against Taxmageddon: A Report from Capitol Hill **

Congress left town for the election without resolving a multitude of tax issues, from the continued existence of the research credit to what tax rates will apply in 2013. This session will review the results of the election and examine how those results may affect the resolution of these and other current tax legislative issues, as well as the outlook for fundamental tax reform in the next Congress.

– Mel Schwarz

4:45 – 5:30 p.m.

TAX INSTITUTE RECEPTION

Join us for complimentary food, beverages, and the chance to win great prizes including an Apple iPad3!

 

Day 2

8:00 – 8:30 a.m.

CONTINENTAL BREAKFAST

8:30 – 9:45 a.m.

Minnesota Tax Law Update **

An overview of the major tax changes from this year’s legislative session as well as significant Minnesota cases and policy developments.

– Dale H. Busacker & Tamar Gronvall

9:45 – 10:00 a.m.

BREAK

10:00 – 11:00 a.m.

BREAKOUT SESSION C

 

6) Taxation of Earn-Outs, Escrows and Deferred Purchase Price in M&A Transactions

Most M&A transactions contain some element of deferred or contingent consideration. This session will discuss the taxation of various forms of contingent and deferred consideration in taxable M&A transactions from both the buyer’s and seller’s perspectives. The speakers will address the application of installment sales rules, interest charge rules of Section 453A, open transaction treatment, OID, and imputed interest issues and the taxation of funds held in escrow.

– Tucker D. Gorden & Mark D. Salsbury

 

7) Tax Ethics: Recent Developments **

1.0 ethics credit applied for

The Department of the Treasury has announced significant changes to Circular 230 which, if adopted, will substantially simplify the ethical rules applicable to providing written tax advice. This session will cover these and other proposed changes to Circular 230.

– Walter A. Pickhardt

 

8) Update on International Tax Issues and Proposals for Reform

This interactive session for both non-tax professionals and tax practitioners alike will present an overview of recent developments in U.S. and international tax matters, international acquisitions and business expansions abroad, tax treaties, international licensing, and foreign account reporting. The session will address U.S. international tax policy and various reform proposals regarding our current international tax system, including how VAT could work in the U.S.

– Kenneth S. Levinson & Gerald J. Morris

11:00 – 11:15 a.m.

BREAK

11:15 a.m. – 12:15 p.m.