2015

Higher Education Taxation Institute

Austin Jun 7-9, 2015 AT&T Conference Center
Conference Concluded

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PRESENTED BY
The University of Texas School of Law
The University of Texas System Office of General Counsel

SPONSORS
BDO USA, LLP
Crowe Horwath, LLP
KPMG LLP

Download Brochure (PDF)

Overview

The Higher Education Taxation Institute (HETI) provides a unique forum for college and university tax professionals from around the country to examine and discuss federal tax issues and compliance, legislative, judicial, regulatory and administrative changes affecting colleges and universities.

Don't miss valuable expertise, timely insight into federal tax law developments, as well as numerous networking opportunities.

2015 Institute highlights:

Fundamentals of Higher Education Taxation Issues focused series of presentations opens the conference—hear from Richard A. Speizman, KPMG LLP, Washington, DC, Joseph R. Irvine, The Ohio State University, Columbus, OH, Tracy Paglia, Moss Adams LLP, Stockton, CA, and Sean P. Scally, Vanderbilt University and Medical Center, Nashville, TN
Learn planning strategies and best practices for addressing FATCA compliance
Dig deep into the complexities of nonresident alien tax issues with Donna Kepley, Arctic International LLC, Austin, TX
Explore compensation and tax issues in research and technology
Review recent tax law developments, including updates on Congressional activity, IRS initiatives and judicial decisions
Richard J. Locastro, Gelman, Rosenberg & Freedman, Bethesda, MD, presents Understanding UBIT for Digital and Online Activities
Beyond the University: Structuring, Creating and Maintaining Related Entities provides best practices for entity creation, governance, and maintenance
Kyle R. ZumBerge, The University of Texas System Office of General Counsel, Austin, TX, moderates a panel discussion on tax issues in athletic departments, from both a private and public institution perspective
Edward J. Jennings, University of Michigan, Ann Arbor, MI, provides the UBIT Checklist for the CFO

Event Schedule

Program is subject to change.
All times are Central Time Zone.

Time

Credit

Subject

Speaker
Sunday Afternoon, June 7, 2015
Presiding Officer:
Kyle R. ZumBerge, The University of Texas System Office of General Counsel - Austin, TX
2:00 pm

Registration Opens

Includes light refreshments.
FUNDAMENTALS OF HIGHER EDUCATION TAXATION ISSUES
2:50 pm

Welcoming Remarks
3:00 pm

1.00 hr

Fundamentals of Section 501(c)(3) Status

An overview of the requirements of section 501(c)(3) as they apply to universities, foundations and other types of entities.

Richard A. Speizman, KPMG LLP - Washington, DC
4:00 pm

1.00 hr

Fundamentals of UBIT and Qualified Sponsorships

Knowing the basics is essential in determining whether unrelated business income (UBI) exists. Learn some of the reasons for unrelated business income tax (UBIT) and the three basic requirements, review the exceptions and exclusions for UBIT; plus, understand the basics of qualified sponsorships.

Joseph R. Irvine, The Ohio State University - Columbus, OH
5:00 pm

Break
5:15 pm

1.00 hr

Fundamentals of Fringe Benefits

Fringe benefits are an important part of any employment package. Understand the tax complexities that go along with common perks and benefits.

Tracy Paglia, Moss Adams LLP - Stockton, CA
6:15 pm

1.00 hr

Tax Fundamentals of Scholarships and Fellowships

An introductory level examination of the federal income tax treatment and reporting obligations involving scholarships and fellowships, including qualified scholarship awards and related expenses, tuition reduction arrangements, and the tax and reporting treatment of awards with employment or other service obligations.

Sean P. Scally, Vanderbilt University and Medical Center - Nashville, TN
7:15 pm

Welcome to Texas Reception and Buffet

Meet and network with your fellow colleagues and enjoy Texas barbeque and live music.

Time

Credit

Subject

Speaker
Monday Morning, June 8, 2015
Presiding Officer:
Mary M. Bachinger, National Association of College and University Business Officers (NACUBO) - Washington, DC
7:45 am

Conference Room Opens

Includes continental breakfast.
8:30 am

1.00 hr

Recent Developments in College and University Tax Law

Recent tax law developments that affect institutions of higher education, including updates on Congressional activity, IRS enforcement initiatives and pronouncements, and judicial decisions.

Bertrand M. Harding Jr., Law Offices of Bertrand M. Harding Jr. - Alexandria, VA
9:30 am

0.75 hr

Understanding UBIT for Digital and Online Activities

Colleges and universities conduct a myriad of activities online, particularly through their website, including education, publishing, advertising, sponsorship and sale of merchandise. An institution may conduct the activities itself or in conjunction with a service provider or other “partner." Applying IRS current guidance in these areas often raises issues, especially since the guidance has not kept pace with the changes in technology. Explore various online/digital activities, examine the potential unrelated business implications and discuss possible alternatives to unrelated business income tax treatment.

Richard J. Locastro, Gelman, Rosenberg & Freedman - Bethesda, MD
10:15 am

Break
10:30 am

1.25 hrs

Nonresident Alien Tax Issues—Digging Deeper

Review the complexities of paying foreign entities that receive U.S.-sourced income payments from start to possible tax exemption to reporting. Plus, look at specific cases to see what’s really happening and how to deal with the nonresident alien tax issues that emerge.

Donna Kepley, Arctic International LLC - Austin, TX
11:45 am

0.50 hr

FATCA: What it Means For Your Institution

The new Foreign Account Tax Compliance Act (FATCA) regulations impact institutions with foreign academic, research or investment activities. Hear planning strategies and best practices for addressing FATCA compliance at your institution.

Bob Lammey, Ernst & Young LLP - Boston, MA
Lauren Weronick, Ernst & Young LLP - Austin, TX
12:15 pm

Pick Up Lunch

Included in registration.
Monday Afternoon, June 8, 2015
Presiding Officer:
Joseph R. Irvine, The Ohio State University - Columbus, OH
LUNCHEON PRESENTATION
12:35 pm

0.75 hr

What’s on the Horizon: Legislative and Policy Outlook for Colleges and Universities

A look from inside the beltway at how Congress is addressing current tax issues affecting higher education institutions; plus what you need to know about approaching excise taxes on high-cost health plans.

Richard A. Grafmeyer, Capitol Tax Partners - Washington, DC
1:20 pm

Break
1:35 pm

0.75 hr

Tax Aspects of Settlement Payments

An overview of proper tax reporting and withholding treatment of settlement payments arising from agreements to resolve and release the educational institution from actual or threatened claims of legal action by employees, former employees, students or others.

Sean P. Scally, Vanderbilt University and Medical Center - Nashville, TN
2:20 pm

1.00 hr

Alternative Investments: Navigating the New Normal

Many organizations that are invested in alternative investments are faced with managing the related risk and compliance. Walk through the technical tax aspects of alternative investments and hear best practices to manage organizational risk and compliance.

Moderator:
Jackie Coburn, Crowe Horwath LLP - Dallas, TX
Panelists:
Rick Klee, University of Notre Dame - Notre Dame , IN
David L. Stark, KPMG LLP - Greensboro, NC
3:20 pm

Break
3:30 pm

0.75 hr

Issuing and Processing Tax-Exempt Bonds

Gain a better understanding of tax responsibilities connected to all phases of debt issuance, including an overview of how the tax and debt management functions interact throughout the debt issuance phase, with a discussion of project spending, reimbursements, private use, arbitrage, and allocations.

Kelly Farmer, University of Minnesota - Minneapolis, MN
Carole Fleck, University of Minnesota - Minneapolis, MN
4:15 pm

1.00 hr

Beyond the University: Structuring, Creating, and Maintaining Related Entities

Analyze different uses of related organizations by colleges and universities, and learn best practices for entity choice and creation (taxable, disregarded or tax-exempt), corporate governance, tax compliance, and tax planning.

Erin Couture, PwC - Boston, MA
Ben Davidson, Stanford University - Palo Alto, CA
5:15 pm

Adjourn

Time

Credit

Subject

Speaker
Tuesday Morning, June 9, 2015
Presiding Officer:
Mike Sorrells, BDO USA, LLP - Bethesda, MD
7:45 am

Conference Room Opens

Includes continental breakfast.
8:30 am

1.50 hrs

Athletics and Tax

A discussion about the tax issues on your Athletic Director’s mind, including qualified sponsorship, licensing, equipment and apparel deals, compensation and fringe benefits for coaches, personal appearances, endorsements, facility rental, UBIT, charitable giving, and more.

Ben Davidson, Stanford University - Palo Alto, CA
Rick Klee, University of Notre Dame - Notre Dame , IN
Joel Levenson, University of Central Florida - Orlando, FL
10:00 am

Break
10:15 am

1.00 hr

Tax Issues in Research and Technology

Identify various tax issues connected to university conducted research and resulting technology and come away with information on how to work through tax issues connected to these important areas.

Moderator:
Kelly Farmer, University of Minnesota - Minneapolis, MN
Panelist:
Bertrand M. Harding Jr., Law Offices of Bertrand M. Harding Jr. - Alexandria, VA
Sean P. Scally, Vanderbilt University and Medical Center - Nashville, TN
11:15 am

1.00 hr

IRS Audit Experiences: Lessons Learned

Insight on dealing with an IRS audit and strategies on best practices in preparing for future examinations, ranging from managing net operating losses (NOLs) from unrelated business taxable income (UBTI) to reviewing and possibly revising contracts with respect to employment agreements, sponsorship arrangements, and other matters.

Moderator:
Joel Levenson, University of Central Florida - Orlando, FL
Bertrand M. Harding Jr., Law Offices of Bertrand M. Harding Jr. - Alexandria, VA
Rick Klee, University of Notre Dame - Notre Dame , IN
12:15 pm

Adjourn

Download Schedule

Conference Faculty

Jackie Coburn

Crowe Horwath LLP
Dallas, TX

Erin Couture

PwC
Boston, MA

Ben Davidson

Stanford University
Palo Alto, CA

Kelly Farmer

University of Minnesota
Minneapolis, MN

Carole Fleck

University of Minnesota
Minneapolis, MN

Richard A. Grafmeyer

Capitol Tax Partners
Washington, DC

Bertrand M. Harding Jr.

Law Offices of Bertrand M. Harding Jr.
Alexandria, VA

Joseph R. Irvine

The Ohio State University
Columbus, OH

Donna Kepley

Arctic International LLC
Austin, TX

Rick Klee

University of Notre Dame
Notre Dame , IN

Bob Lammey

Ernst & Young LLP
Boston, MA

Joel Levenson

University of Central Florida
Orlando, FL

Richard J. Locastro

Gelman, Rosenberg & Freedman
Bethesda, MD

Tracy Paglia

Moss Adams LLP
Stockton, CA

Sean P. Scally

Vanderbilt University and Medical Center
Nashville, TN

Richard A. Speizman

KPMG LLP
Washington, DC

David L. Stark

KPMG LLP
Greensboro, NC

Lauren Weronick

Ernst & Young LLP
Austin, TX

Planning Committee

Kyle R. ZumBerge—Chair

The University of Texas System Office of General Counsel
Austin, TX

Michelle Ann Alldredge

The University of Texas School of Law
Austin, TX

Mary M. Bachinger

National Association of College and University Business Officers (NACUBO)
Washington, DC

John R. Barrett

University of California System
Oakland, CA

Laura E. Butzel

Patterson Belknap Webb & Tyler LLP
New York, NY

Kelly Farmer

University of Minnesota
Minneapolis, MN

Adam Gale

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
New York, NY

Bertrand M. Harding Jr.

Law Offices of Bertrand M. Harding Jr.
Alexandria, VA

Joseph R. Irvine

The Ohio State University
Columbus, OH

Joanna Jefferson

The University of Texas School of Law
Austin, TX

Edward J. Jennings

University of Michigan
Ann Arbor, MI

Donna Kepley

Arctic International LLC
Austin, TX

Sean P. Scally

Vanderbilt University and Medical Center
Nashville, TN

Noel A. Sloan

Texas Tech University
Lubbock, TX

Kathleen R. Snell

University of Vermont
Burlington, VT

Richard A. Speizman

KPMG LLP
Washington, DC

Credit Info

Austin

MCLE Credit

Texas – 15.25 hrs
Legal Specialization(s): Tax Law

You may claim your credit online in Your Briefcase, and UT Law CLE will report credit on your behalf to the State Bar of Texas. A Certificate of Attendance will be provided in Your Briefcase for your records. The system reports Texas CLE credit every Tuesday. If you are claiming credit in the last week of your birth month, self-report your CLE credit directly to the State Bar of Texas at texasbar.com, using the course number provided on your certificate of attendance.

California – 15.25 hrs

You must claim your credit online in Your Briefcase, and will then be provided a Certificate of Attendance for your records. UT Law CLE is required to provide the State Bar with electronic attendance records for any MCLE participatory activity within 60 days of completion of the activity. The California licensee is responsible for reporting their compliance/credit hours earned to the State Bar at the end of their reporting period directly to the State Bar of California at calbar.ca.gov. UT Law CLE will maintain Attendance Records for four years.

Florida – 18.50 hrs

At the conference, you will need to sign in on the Record of Attendance form at the registration desk. Self-report your CLE credit directly to The Florida Bar at www.floridabar.org. You must claim your credit online in Your Briefcase, and will then be provided a Certificate of Attendance for your records. UT Law CLE will maintain Attendance Records for four years.

Indiana – 15.30 hrs

At the conference, you will need to sign in on the Record of Attendance form at the registration desk. UT Law CLE will report credit on your behalf to the Indiana Commission for Continuing Legal Education within 30 days after the conference. You will receive a Certificate of Attendance at the conference to keep for your records.

Minnesota – 14.50 hrs

This course has been approved by the Minnesota State Board of Continuing Legal Education for the credit hours indicated in the following category or categories of credit:
(a) standard continuing legal education;
(b) ethics or professional responsibility continuing legal education

You must claim and certify your credit online in Your Briefcase, then you will be provided a Certificate of Attendance for your records. After receiving your certificate, attorneys must self-report CLE credit directly to the Minnesota State Board of Continuing Legal Education in their OASIS portal at www.cle.mn.gov.
UT Law CLE will maintain Attendance Records for four years.

New Jersey – 17.00 hrs

As The University of Texas School of Law is a State Bar of Texas approved MCLE provider (Sponsor #13), our courses are presumptively approved for MCLE credit based on a 50-minute credit hour, and in accordance with the Regulations of the Supreme Court of New Jersey Board on Continuing Legal Education. More information and details can be found in the Board of Continuing Legal Education Regulations (PDF).

At the conclusion of the conference you will need to claim and certify your credit online, in your UTCLE "Briefcase", you will then be provided a certificate of attendance . Self-report your CLE credit directly to the Supreme Court of New Jersey Board on Continuing Legal Education. UT Law CLE will maintain Attendance Records for four years.

New York – 18.00 hrs

As The University of Texas School of Law is a Oklahoma Bar Association presumptively approved MCLE provider (#169), and Oklahoma is a New York Approved Jurisdiction on List A, our courses are approved for MCLE credit based on a 50-minute credit hour, and in accordance with the Program Rules and the Regulations and Guidelines of the New York State Continuing Legal Education Board. More information and details can be found at Section 6 of the Regulations and Guidelines (PDF).

You must claim and certify your credit online in your UTCLE "Briefcase", and will then be provided a Certificate of Attendance for your records. Self-report your CLE credit directly to the New York State Bar Association. UT Law CLE will maintain Attendance Records for four years.

North Carolina – 15.25 hrs

At the conference, you will need to sign in on the Record of Attendance form at the registration desk. UT Law CLE will report credit on your behalf to the North Carolina State Bar Board of Continuing Legal Education within 30 days after the conference. You will receive a Certificate of Attendance at the conference to keep for your records.

Ohio – 15.25 hrs

You must claim and certify your credit online in Your Briefcase, you will then be provided a Certificate of Attendance for your records. UT Law CLE will report credit on your behalf to The Supreme Court of Ohio within 30 days after the conference.

Oklahoma – 18.00 hrs

You must claim and certify your credit online in Your Briefcase, then you will then be provided a Certificate of Attendance for your records. UT Law CLE will report credit on your behalf to the Oklahoma Bar Association within 30 days after the conference.

Pennsylvania – 15.00 hrs

UT Law CLE is an approved provider of Pennsylvania credit, sponsor #236. You must claim your credit online in Your Briefcase, and will then be provided a Certificate of Attendance for your records. Attorney attendance will be reported to Pennsylvania within 2 weeks after credit is claimed and submit. Attorneys are not able to report this credit on their own, and UT Law CLE pays all associated fees for the credit hours. Contact us at accreditation@utcle.org if you have additional questions.

Tennessee – 14.50 hrs

You must claim your credit online in Your Briefcase, and will then be provided a Certificate of Attendance for your records. Attorney attendance will be reported to Tennessee within 2 weeks after credit is claimed and submit. Any credit submitted to UTCLE more than 45 days after the end of the conference may not be submitted to Tennessee. Attorneys are not able to report this credit on their own, and UT Law CLE pays all associated fees for the credit hours. Contact us at accreditation@utcle.org if you have additional questions.

Vermont – 15.25 hrs

As an Accredited Sponsor for CLE by the State of Vermont Judiciary, The University of Texas School of Law's programs are pre-approved.

At the conference, you will need to sign in on the Record of Attendance form at the registration desk. Self-report your CLE credit directly to the State of Vermont Judiciary at https://secure.vermont.gov/courts/licensing/. You will receive a Certificate of Attendance at the conference to keep for your records. UT Law CLE will maintain Attendance Records for four years.

Virginia – 12.00 hrs

At the conference, you will need to sign in on the Record of Attendance form at the registration desk. Self-report your CLE credit directly to the Virginia State Bar. You must claim your credit online in Your Briefcase, and will then be provided a Certificate of Attendance for your records. UT Law CLE will maintain Attendance Records for four years.

Other Credit

IRS Enrolled Agent – 0.00 hr

The University of Texas School of Law is an IRS Approved Continuing Education (CE) Provider for Return Preparers and Enrolled Agents. Attendees claiming IRS CE credit must sign in with your Preparer Tax Identification Number (PTIN) to verify attendance. Attendance sign-in sheets will be available at the registration desk. A Certificate of Completion with the program number will be provided at the conclusion of the conference to keep for your records.

Reporting: UT Law will report credit to the IRS on your behalf. For programs that occur during the first nine months of the year, credit will be reported on a quarterly basis (by March 31, June 30, and September 30). For programs that occur during the fourth quarter (October 1 - December 31), credit will be reported within ten (10) days of the last day of the conference. UT Law CLE will maintain Attendance Records for four years.

National Accounting CPE – 18.00 hrs

The University of Texas School of Law 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.nasbaregistry.org.

Delivery Method: Group-Live (UT Law CLE is a provider of NASBA Group-Live credit only, which excludes online offerings.

To comply with NASBA Standards, attendees claiming CPE credit must sign in to verify attendance for each segment. Attendance sign-in sheets will be available at the registration desk. You will need your CPA license number to sign in. A CPE Certificate of Completion will be provided at the conclusion of the conference.

Reporting: CPAs are responsible for reporting CPE credits earned to their state's accountancy board, and must retain appropriate documentation of their participation in learning activities. Visit your state’s reporting website for more information or www.nasba.org.

Key Dates

Austin – Jun 7-9, 2015 – AT&T Conference Center

Conference Concluded

Buy

Austin

Individual
Last day for $595.00 Regular pricing: May 29, 2015

$645.00 for registrations received after this time

Group (5 registrants minimum)
Last day for $535.00 Regular pricing: May 29, 2015

$585.00 for registrations received after this time

Group (10 registrants minimum)
Last day for $475.00 Regular pricing: May 29, 2015

$525.00 for registrations received after this time

Last day for cancellation (full refund): Jun 1, 2015

$50 processing fee applied after this date

Last day for cancellation: Jun 3, 2015

Venue

AT&T Conference Center

The University of Texas at Austin
1900 University Avenue
Austin, TX
877.744.8822 (reservations)
Map

Accommodations

$179 room rate good through May 7, 2015 (subject to availability).
Reserve your room online.

Parking Information

Free daily self-parking at UT garages. Separate fees apply for valet and overnight parking.

Our Sponsors

Thank you to our sponsors! Click each logo below to learn more.

BDO USA, LLP

Industry experience is at the top of the list of what organizations expect from their accountants and advisors. BDO’s dedicated Higher Education industry approach provides our clients specialized knowledge and experience that comes from working directly with colleges and universities. The power of industry experience is perspective. We leverage our knowledge and resources to bring that perspective. BDO's industry focus is part of who we are and how we serve our clients, and People Who Know Higher Education, Know BDO.
www.bdo.com
Crowe Horwath LLP

Crowe Horwath LLP is one of the largest public accounting and consulting firms in the United States. Under its core purpose of “Building Value with Values®,” Crowe uses its deep industry expertise to provide audit services to public and private entities, while also helping clients reach their goals with tax, advisory, risk and performance services. With offices coast to coast and 3,000 personnel, Crowe is recognized by many organizations as one of the country's best places to work. Crowe serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world, consisting of more than 150 independent accounting and advisory services firms in more than 100 countries around the world.

www.crowehorwath.com
KPMG LLP

KPMG LLP, the audit, tax and advisory firm, is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's member firms have 145,000 professionals, including more than 8,000 partners, in 152 countries. KPMG has a national network of exempt organization tax professionals providing tax consulting and compliance services to colleges, universities, healthcare providers and many other types of tax-exempt organizations.
www.kpmg.com

2015

Higher Education Taxation Institute

Austin Jun 7-9, 2015 AT&T Conference Center Conference Concluded

Buy

Related products: Materials

Overview

Event Schedule

Sunday Afternoon, June 7, 2015

Monday Morning, June 8, 2015

Monday Afternoon, June 8, 2015

Tuesday Morning, June 9, 2015

Conference Faculty

Jackie Coburn

Erin Couture

Ben Davidson

Kelly Farmer

Carole Fleck

Richard A. Grafmeyer

Bertrand M. Harding Jr.

Joseph R. Irvine

Donna Kepley

Rick Klee

Bob Lammey

Joel Levenson

Richard J. Locastro

Tracy Paglia

Sean P. Scally

Richard A. Speizman

David L. Stark

Lauren Weronick

Planning Committee

Kyle R. ZumBerge—Chair

Michelle Ann Alldredge

Mary M. Bachinger

John R. Barrett

Laura E. Butzel

Kelly Farmer

Adam Gale

Bertrand M. Harding Jr.

Joseph R. Irvine

Joanna Jefferson

Edward J. Jennings

Donna Kepley

Sean P. Scally

Noel A. Sloan

Kathleen R. Snell

Richard A. Speizman

Credit Info

MCLE Credit

Other Credit

Key Dates

Venue

AT&T Conference Center

Accommodations

Parking Information

Our Sponsors

Stay in the loop with UT Law CLE

Austin Jun 7-9, 2015 AT&T Conference Center
Conference Concluded