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Events and Programs
Events and Programs
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2012 Tax Forum

October 17-19, 2012
Caesars Palace
Las Vegas, NV

Schedule

Wednesday, October 17

12:00 pmRegistration
1:00 pmWelcome and Introductions
1:15 pmLong Fuse Big Bang: Achieving Long-Term Success Through Daily Victories

Speaker(s):
Eric Haseltine, Haseltine Partners, LLC

In his new book, Long Fuse Big Bang, Dr. Haseltine discusses how to create long-term success, while improving-as opposed to sacrificing- near-term performance.  He draws on his training as a brain scientist and over thirty years of experience as a senior executive in industry and government to explain how our brains fool us in to believing that we must sacrifice tomorrow in order to survive today.  
The Leadership Series is supported by a generous contribution from TIAA-CREF
2:15 pmRefreshment Break
2:30 pmEmployee vs. Independent Contractor: The Importance of Proper Classification

Speaker(s):
Dom Daher, University of San Francisco
Dawn Mayer, University of San Francisco

Significant tax and legal ramifications result from classifying a worker as an employee or an independent contractor.  The misclassification of such workers has been a major IRS concern for many years. Hear USF’s approach to getting it right.
3:45 pmDoing Business Abroad: Navigating the U.S. Filing Requirements

Speaker(s):
Julia Shanahan, University of Washington
Amy Williams, Duke University

The IRS has increased its monitoring of foreign activities of corporations and exempt organizations.  Colleges and universities are continually expanding their reach overseas and are subject to U.S. filing requirements related to those operations. This session will give tax managers a basic understanding of these important filing requirements.
4:45 pmOptional: Facilitated Discussion of ITIN Changes

Speaker(s):
Julia Shanahan, University of Washington
Amy Williams, Duke University

This informal fourm will address recent proposed changes by IRS to the ITIN procedures.  Presenters will share developments of higher education community discussions with IRS officials and next steps.
5:30 pmNetworking Reception

Thursday, October 18

8:00 amBreakfast
8:30 amOverview of Retirement Benefits

Speaker(s):
Eddie Adkins, Grant Thornton LLP

This session will provide an overview of the array of retirement plans that are available to colleges and universities, including both qualified and nonqualified plans.  The session will discuss criteria for selecting appropriate plans, and will also address current hot topics in the retirement plan area.
9:30 amInformation Reporting

Speaker(s):
Anne Jetmundsen, University of South Florida
Joel Levenson, University of Central Florida

The session will include discussion of different information reporting forms including Form 1098-T; Form 1099-MISC; and Form 1099-K.  This will include requirements to report, information expected to be reported and best practices for reporting accurate and timely information.
10:30 amRefreshment Break
10:45 amTax Update

Speaker(s):
Joe Irvine, The Ohio State University
Ed Jennings, University of Michigan

Learn about IRS initiatives focusing on colleges and universities, find out which issues are being raised in audits, and understand what that might mean for the future.  Hear about expired and expiring tax provisions and new measures up for congressional consideration.
12:00 pmLunch
1:15 pmJoint Ventures & Alternative Investments: What You Need to Know

Speaker(s):
Rick Klee, University of Notre Dame
Mark Krcmaric, University of Notre Dame
Travis Patton, PricewaterhouseCoopers LLP
Ronald Schultz, PricewaterhouseCoopers LLP

The IRS has increased its interest in joint ventures and alternative investments of tax exempt organizations.  Colleges and universities have found that the administrative time, efforts and expense of compliance continues to increase, and could further increase as a result of the proposed changes to Form 990 reporting requirements.  These topics and others will be addressed in this session.
1:15 pmUBI Basics

Speaker(s):
Joe Irvine, The Ohio State University
Ed Jennings, University of Michigan

Join us for a basic session reviewing the definition of unrelated business income, the statutory requirements, the exceptions, and the modifications.  This concurrent session is a good refresher for veterans or a foundational overview for those new to higher education.
2:30 pmRefreshment Break
2:45 pmManaging Tax Compliance Without In-house Tax Operation

Speaker(s):
Dave Carson, Armstrong Atlantic State University
Patrick Wamsley, Medical University of South Carolina

If your institution doesn’t have in-house staff dedicated to tax compliance and administration,  come learn the processes and procedures that will  assist you with staying in compliance with tax regulations and maximizing controls.
2:45 pmPost Issuance Bond Compliance Policy

Speaker(s):
Kelly Farmer, University of Minnesota-Twin Cities
Cynthia Nethercut, Yale University

Learn from in-house bond compliance practitioners about how they implement written policies.  They will address record retention, proceeds tracking, records maintenance, disclosures and filings, data management, and compliance continuity.  Take away some best practices to bring back to your institution.
4:15 pmNonresident Alien Tax Issues

Speaker(s):
Donna Kepley, Arctic International LLC

Twenty years have passed since the CEP exams of the early 1990’s and colleges and universities still struggle with paying foreign nationals and foreign entities.  Is it personnel turnover? Changes in the tax laws? New types of payment relationship?  Or maybe it’s just simply confusing!
4:15 pmSharing Trends, Tools, and Resources: The Form 990 Three Years In

Speaker(s):
Linda Neenan, Vanderbilt University
Gwen Spencer, PricewaterhouseCoopers LLP
Brian Thomason, Pepperdine University

The redesigned Form 990 takes a village to complete. Join this discussion and hear the approaches taken by two universities in tackling the preparation of the form.  Learn about tools that have been developed, trends in the review process, and how to structure institutional resources to complete the annual return.

Friday, October 19

8:00 amBreakfast
8:30 amCharitable Contribution Compliance

Speaker(s):
Joe Irvine, The Ohio State University

Colleges and universities need to be aware of the rules surrounding charitable contributions and ensure they are properly following them.  Learn the true definition of a charitable contribution, review the receipting rules, understand the tax implications of various gifts, and determine when an appraisal is needed.
9:30 amFringe Benefits

Speaker(s):
Jeff Frank, Deloitte Tax, LLC
Kristina Rasmussen, Deloitte & Touche LLC

This session will provide an overview of the tax treatment of various types of fringe benefits as well as the rules related to accountable plans.
10:30 amRefreshment/Checkout Break
11:00 amTax Audit Panel

Speaker(s):
Ed Jennings, University of Michigan
Rick Klee, University of Notre Dame
Joel Levenson, University of Central Florida

Hear the perspective, lessons, and outcomes of two recent IRS university audits.  Learn about the campus management of the audit as well as the issues of most interest to the Service.
12:30 pmProgram Adjourns

Program Overview

2012 Tax Forum
October 17-19, 2012

Estimated CPEs:17


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CPE Information

NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.


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