University of Texas School of Law
6th Annual
Higher Education Taxation Institute
The premier forum for public and private university tax, accounting, legal and business professionals
Austin Jun 4-5, 2018 AT&T Conference Center
Conference Concluded
PRESENTED BY
The University of Texas School of Law
The University of Texas System Office of General Counsel

EVENT SPONSORS
KPMG LLP
Crowe Horwath LLP
Ice Miller LLP

SPONSORS
BDO USA, LLP
BLX Group LLC
Ernst & Young LLP
PwC

SUPPORTING ORGANIZATION 
National Association of College and University Business Officers
 

UT Law CLE

2018 Higher Education Taxation Institute

Program Features
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, as well as legislative, judicial, regulatory, and administrative changes affecting colleges and universities.
  • Examine recent tax law developments that affect institutions of higher education, including updates on Congressional activity, IRS rulings, and judicial decisions.
  • Learn how to prepare for an IRS Exempt Organizations examination in light of the new data-driven approach.
  • Explore best practices in managing the tax compliance process related to alternative investments.
  • Review the impact of tax reform on UBIT, including UBIT silo-ing, laws regarding fringe benefits and more.
  • Discuss international transactions including operations in foreign countries, permanent establishment and what’s happening with OECD.
  • Attendees are invited to network with program faculty and attendees at the Monday Evening Reception.
Come early on Sunday and attend the Higher Education Taxation Essentials program starting at noon – a great starter for those new to the higher education tax field and a perfect refresher for those who aren’t.

UT Law CLE

2018 Higher Education Taxation Institute

9/18/18
Schedule

Monday Morning, June 4, 2018

Presiding Officer:
Rick Klee, University of Notre Dame - Notre Dame, IN

7:30 am
Registration Opens

Includes continental breakfast.

8:20 am
Welcoming Remarks

8:30 am

1.50 hrs

Recent Developments in College and University Tax Law

A review of recent tax law developments that affect institutions of higher education including recent tax law changes, IRS rulings and other guidance, and judicial decisions.

Bertrand M. Harding Jr., Law Offices of Bertrand M. Harding Jr. - Alexandria, VA
Donald E. Rich Jr., KPMG LLP - Greensboro, NC

10:00 am

0.75 hr

Navigating the IRS’s New Data-Driven Selection Approach for Exempt Organizations Examinations

Understand the IRS’s new data-driven case selection method, using Form 990 data, and how colleges and universities can prepare for and minimize the risks from an IRS examination.

Stephen M. Clarke, Ernst & Young LLP - Washington, DC
Bob Lammey, Ernst & Young LLP - Boston, MA

10:45 am
Break

11:00 am

1.00 hr

Advanced UBIT in the Wake of Tax Reform

Review how the recent tax legislation impacts the unrelated business income (UBI) of colleges and universities. The new law provides for “silo-ing” of unrelated activities so that losses from one activity cannot offset income from another activity. Also, the law requires an institution to include an amount in unrelated business income associated with certain fringe benefits. How expenses are allocated will be important with the new rules as will the use of net operating losses generated in prior years. Hear about the latest positions of the IRS and Treasury and some planning ideas.

Laura Kalick, BDO USA, LLP - Washington, DC
Amy Goodreau Williams, Duke University - Durham, NC
Kyle R. ZumBerge, The University of Texas System Office of General Counsel - Austin, TX

12:00 pm
Break to Pick Up Lunch

Included in registration.

Monday Afternoon, June 4, 2018

Presiding Officer:
Sean P. Scally, Vanderbilt University and Medical Center - Nashville, TN

LUNCHEON PRESENTATION

Thank You to Our Luncheon Sponsor

Crowe Horwath LLP

12:20 pm

1.00 hr

Behind the Curtain: Recent Legislative and Policy Developments

The 2017 tax reform legislation had many significant changes for tax exempt organizations, encompassing employee fringe benefits and compensation, UBIT changes, and endowment taxation. However, many organizations still are searching for reasons behind many of the changes. Understanding the rationale of congressional policymakers may help organizations in explaining the new rules to their communities  and employees, and assist with compliance. This presentation provides unique access and background on the various changes, as well as insight into some of the conflicting goals that Treasury and IRS will need to address in their upcoming guidance.

Richard A. Grafmeyer, Capitol Tax Partners - Washington, DC

 
1:20 pm
Break

1:35 pm

1.25 hrs

Nonresident Alien Tax Issues

Recent tax law changes have impacted the area of nonresident alien tax compliance. Attendees should ensure that their institution is up to speed on any new requirements. In addition, we’ll dig a bit deeper into payments to foreign entities – which forms are necessary, how the forms should be completed, and how to withhold from and report the payments. 

Donna Kepley, Arctic International LLC - Austin, TX

2:50 pm

1.00 hr

International Transactions

Get the tools needed to review international activities, identify potential issues, and develop strategies for mitigating tax risk to a university. Hear a discussion of challenges and approaches to tax compliance in operating abroad, with a focus on developing and executing a practical framework for tax-risk management.

Bob Lammey, Ernst & Young LLP - Boston, MA
Kyle Richard, University of Washington - Seattle, WA
Julia Shanahan, Columbia University - New York, NY

3:50 pm
Break

4:00 pm

0.75 hr

Settlement Taxation

Settlements of legal action against the university are among the more sensitive and urgent transactions that practitioners encounter. Review the tax treatment of settlement payments and hear practical considerations for achieving compliance and avoiding surprises.

Benjamin A. Davidson, The University of North Carolina at Chapel Hill - Chapel Hill, NC
Bertrand M. Harding Jr., Law Offices of Bertrand M. Harding Jr. - Alexandria, VA

4:45 pm

1.00 hr

Analyzing Fringe Benefits

Recieve a framework for analysis of various types of fringe benefits provided by a typical college or university. After a discussion of the general approach, hear an analysis of various examples to illustrate the application of the process used to determine taxability. 
 

Joseph R. Irvine, The Ohio State University - Columbus, OH
Donald E. Rich Jr., KPMG LLP - Greensboro, NC
Julia Shanahan, Columbia University - New York, NY

5:45 pm
Adjourn to reception

Thank You to Our Reception Sponsor

KPMG LLP

Tuesday Morning, June 5, 2018

Presiding Officer:
Kyle R. ZumBerge, The University of Texas System Office of General Counsel - Austin, TX

7:30 am
Conference Room Opens

Includes continental breakfast.

8:00 am

1.00 hr

Tax-Exempt Bond Compliance Strategies

Discuss the new IRS safe-harbor management contract rules, and hear an overview of the 2017 Tax Act and its impact on tax-exempt bond financing, and the essential elements of building a post-issuance tax compliance program, including Schedule K reporting.

Kelly Farmer, University of Minnesota System - Minneapolis, MN
Cynthia Nethercut, Yale University - New Haven, CT
Edwin Oswald, Orrick, Herrington & Sutcliffe LLP - Washington, DC

9:00 am

1.00 hr

Alternative Investments: The Keys to Managing Tax Risks

Alternative investments present tough challenges to tax advisers and tax professionals of colleges and universities and can be a strain on resources – including intensive information gathering, combing through complex Schedules K-1, communicating with investment advisors, and rigorous tax reporting. Learn best practices on how to manage the tax compliance process related to alternative investments, including leveraging relationships with campus resources including the offices of Investment, Treasury, and Accounting.  

John R. Barrett, University of California System - Oakland, CA
Jackie Coburn, Crowe Horwath LLP - Dallas, TX
Rick Klee, University of Notre Dame - Notre Dame, IN

10:00 am
Break

10:15 am

1.00 hr

People Payments: Executive Compensation Tax Issues

Review tax aspects of different executive compensation options for public and private colleges and universities, including analysis of new excise tax on compensation to highly paid employees and intermediate sanctions. Common errors and pitfalls will be highlighted.   

Tara Schulstad Sciscoe, Ice Miller LLP - Indianapolis, IN
Wendy M. Swary, The Ohio State University - Columbus, OH

11:15 am

1.00 hr

UBIT Work Papers - Getting Forms Together, Risk Management and Audit Preparedness

Overview and discussion of two institutions’ approaches on preparing the 990-T for filing, CFO review and potential IRS audit. See a demonstration of workpapers used in preparation of the return, including summary documents used to prepare your CFO for the 990-T. 

Jodi R. Kessler, Massachusetts Institute of Technology - Cambridge, MA
Joel Levenson, University of Central Florida - Orlando, FL

12:15 pm
Adjourn

UT Law CLE

2018 Higher Education Taxation Institute

Faculty

Conference Faculty

John R. Barrett
University of California System
Oakland, CA
Stephen M. Clarke
Ernst & Young LLP
Washington, DC
Jackie Coburn
Crowe Horwath LLP
Dallas, TX
Benjamin A. Davidson
The University of North Carolina at Chapel Hill
Chapel Hill, NC
Kelly Farmer
University of Minnesota System
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
Laura Kalick
BDO USA, LLP
Washington, DC
Donna Kepley
Arctic International LLC
Austin, TX
Jodi R. Kessler
Massachusetts Institute of Technology
Cambridge, MA
Rick Klee
University of Notre Dame
Notre Dame, IN
Bob Lammey
Ernst & Young LLP
Boston, MA
Joel Levenson
University of Central Florida
Orlando, FL
Cynthia Nethercut
Yale University
New Haven, CT
Edwin Oswald
Orrick, Herrington & Sutcliffe LLP
Washington, DC
Donald E. Rich Jr.
KPMG LLP
Greensboro, NC
Kyle Richard
University of Washington
Seattle, WA
Tara Schulstad Sciscoe
Ice Miller LLP
Indianapolis, IN
Julia Shanahan
Columbia University
New York, NY
Wendy M. Swary
The Ohio State University
Columbus, OH
Amy Goodreau Williams
Duke University
Durham, NC
Kyle R. ZumBerge
The University of Texas System Office of General Counsel
Austin, TX

Planning Committee

Kelly Farmer—Co-Chair
University of Minnesota System
Minneapolis, MN
Rick Klee—Co-Chair
University of Notre Dame
Notre Dame, IN
Kyle R. ZumBerge—Co-Chair
The University of Texas System Office of General Counsel
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
Alan Bond
BLX Group
New York, NY
Laura E. Butzel
Patterson Belknap Webb & Tyler LLP
New York, NY
Jackie Coburn
Crowe Horwath LLP
Dallas, TX
Benjamin A. Davidson
The University of North Carolina at Chapel Hill
Chapel Hill, NC
Robert W. Friz
PwC
Philadelphia, PA
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
Laura Kalick
BDO USA, LLP
Washington, DC
Donna Kepley
Arctic International LLC
Austin, TX
Jodi R. Kessler
Massachusetts Institute of Technology
Cambridge, MA
Bob Lammey
Ernst & Young LLP
Boston, MA
Joel Levenson
University of Central Florida
Orlando, FL
Alexandra Mitchell
KPMG LLP
Washington, DC
Kyle Richard
University of Washington
Seattle, WA
Sean P. Scally
Vanderbilt University and Medical Center
Nashville, TN
Julia Shanahan
Columbia University
New York, NY
Noel A. Sloan
Texas Tech University
Lubbock, TX
Mike Sorrells
Tate & Tryon
Washington, DC
A. L. (Lorry) Spitzer
Massachusetts Institute of Technology
Cambridge, MA
Wendy M. Swary
The Ohio State University
Columbus, OH

UT Law CLE

2018 Higher Education Taxation Institute

Credit Information

MCLE Credit

Texas
12.25 hrs
Legal Specialization(s): Tax Law
Additional Information
A Texas MCLE Reporting Form will be included in your course materials. Please complete and return to the registration desk and UT Law CLE will report credit on your behalf to the State Bar of Texas, or you can self-report your credit directly to the State Bar of Texas at texasbar.com. A Certificate of Attendance will be provided at the conference to keep for your records.  
California
12.25 hrs
Additional Information
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 Bar of California at calbar.ca.gov. 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.  
Ohio
12.25 hrs
Additional Information
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 Supreme Court of Ohio within 30 days after the conference. You will receive a Certificate of Attendance at the conference to keep for your records.
Oklahoma
14.50 hrs
Additional Information
At the conference, you will need to sign in on the Record of Attendance form at the registration desk. You will receive a Certificate of Attendance at the conference to keep for your records. UT Law CLE will report credit on your behalf to the Oklahoma Bar Association within 30 days after the conference.
Other States
Note on Self-Reporting Your Credits in Another State
If you wish to satisfy MCLE or other professional education requirements in another state for a program offered by the University of Texas School of Law, please check with the state bar or other licensing authority in that state before taking the program to ensure it will qualify for self-reporting your credits.

Other Credit

National Accounting CPE
14.50 hrs
Additional Information
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

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.
TX Accounting CPE
14.50 hrs
Additional Information
The University of Texas School of Law (Provider #250) live conferences are presumptively approved by The Texas State Board of Public Accountancy for Texas Accounting CPE credit based on a 50-minute credit hour. Approved for general CPE credit only.

At the conference, you will need to sign in on the Accounting CPE Record of Attendance form at the registration desk. You will receive a Texas Accounting Certificate of Completion at the conference for your records. Self-report your CPE credit directly to TSBPA. UT Law CLE will maintain Attendance Records for four years.  

UT Law CLE

2018 Higher Education Taxation Institute

Key Dates

Austin

  • Last day for Individual early registration: May 23, 2018
    Add $50 for registrations received after this time
  • Last day for cancellation (full refund): May 29, 2018
  • Last day for cancellation (partial refund): May 31, 2018
    $50 processing fee applied

UT Law CLE

2018 Higher Education Taxation Institute

Hotel / Venue

Austin

AT&T Conference Center

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

Accommodations

Special Room Rate: $189 good through May 1, 2018. Reference "Higher Education Tax Institute 2018" when you call reservations or book your room online here

Parking Information

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

UT Law CLE

2018 Higher Education Taxation Institute

Sponsors