eConference

2017 Higher Education Taxation eConference

Contains material from Jun 2017

2017 Higher Education Taxation eConference
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The Higher Education Taxation eConference provides a unique opportunity for college and university tax professionals from around the country to examine federal tax issues, including compliance and legislation and judicial, regulatory, and administrative changes affecting colleges and universities. 

Objectives:
  • Examine recent tax law developments that affect institutions of higher education, including updates on Congressional activity, IRS rulings, and judicial decisions.
  • Hear the current Legislative and Policy Outlook for Colleges and Universities and how Congress is examining exempt organizations.
  • Understand the recently released safe harbors regarding management contracts and tax-exempt bonds.
  • Analyze the complex tax considerations for faculty inventor payments that arise when a university shares revenue from licensing technology.
  • Explore emerging issues around the property tax exemption and recent experiences from private and public institutions
  • Listen to a discussion about commonly missed or misinterpreted fringe benefits provided by colleges and universities.
  • Examine various types of non-qualified deferred compensation arrangements and the tax rules that apply to them.
  • Get tips and strategies from seasoned campus leaders for operating a university tax department, including a variety of models and structures.

Includes: Audio Paper Slides


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1. Challenging Charitable Contributions (Jun 2017)

Joseph R. Irvine, Sean P. Scally, Mike Sorrells

1.00 0.00 0.00
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(mp3)
62 mins
(pdf)
34 pgs
(pdf)
20 pgs
Session 1 —62 mins
Challenging Charitable Contributions (Jun 2017)

Engage in a lively panel discussion on the issues, pitfalls, and nuances involved with a variety of unusual charitable contributions. Explore gift receipting, fundraising events, donor “strings,” gift acceptance policies, self-dealing donations and tips, pointers, and war stories involving unconventional gifts.

Originally presented: Jun 2017 Higher Education Taxation Institute

Joseph R. Irvine, The Ohio State University - Columbus, OH
Sean P. Scally, Vanderbilt University and Medical Center - Nashville, TN
Mike Sorrells, Tate & Tryon - Washington, DC

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2. New Safe Harbors Regarding Tax-Exempt Bonds that may Reduce Tax Risks and Affect Relations with Management Firms (Jun 2017)

Brent Feller, Edward J. Jennings

1.00 0.00 0.00
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(mp3)
61 mins
(pdf)
17 pgs
(pdf)
11 pgs
Session 2 —61 mins
New Safe Harbors Regarding Tax-Exempt Bonds that may Reduce Tax Risks and Affect Relations with Management Firms (Jun 2017)

Listen to a bond counsel and a tax professional discuss the recently released safe harbors regarding management contracts and how they relate to PBU (computing private business use) for tax-exempt bonds. Recent IRS guidance offers new safe harbors that may affect negotiations with vendors as well as benefit your current strategy in managing tax risks. Analyze a case study that illustrates the flexibility of these new safe harbors and possible changes to the contracts. Gain a better sense of how to manage tax risks with respect to PBU and how to improve relations with management firms. 
 

Originally presented: Jun 2017 Higher Education Taxation Institute

Brent Feller, Chapman and Cutler LLP - Chicago, IL
Edward J. Jennings, University of Michigan - Ann Arbor, MI

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3. Recent Developments in College and University Tax Law (Jun 2017)

Bertrand M. Harding Jr., Edward J. Jennings

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(mp3)
63 mins
(pdf)
37 pgs
(pdf)
10 pgs
Session 3 —63 mins
Recent Developments in College and University Tax Law (Jun 2017)

Examine recent tax law developments that affect institutions of higher education, including updates on Congressional activity, IRS rulings and other guidance, and judicial decisions.

Originally presented: Jun 2017 Higher Education Taxation Institute

Bertrand M. Harding Jr., Law Offices of Bertrand M. Harding Jr. - Alexandria, VA
Edward J. Jennings, University of Michigan - Ann Arbor, MI

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4. Country-by-Country Reporting (Jun 2017)

Robert W. Friz, Neelu Mehrotra, Julia Shanahan

1.00 0.00 0.00
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(mp3)
58 mins
(pdf)
21 pgs
Session 4 —58 mins
Country-by-Country Reporting (Jun 2017)

Review the Country-by-Country rule and application in the university setting.

Originally presented: Jun 2017 Higher Education Taxation Institute

Robert W. Friz, PwC - Philadelphia, PA
Neelu Mehrotra, Ernst & Young LLP - Providence, RI
Julia Shanahan, Columbia University - New York, NY

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5. Nonresident Alien Tax Issues—Beyond the Basics (Jun 2017)

Donna Kepley

1.25 0.00 0.00
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(mp3)
74 mins
(pdf)
18 pgs
Session 5 —74 mins
Nonresident Alien Tax Issues—Beyond the Basics (Jun 2017)

After an institution has identified its nonresident alien payees, the hard part begins: how to withhold tax from and report the payments. But wait, there’s more—when and why can an institution NOT withhold tax? Discuss the additional concerns and potential liabilities that income tax treaties provide. Drill down into the issues of facilitating an income tax treaty at the time of payment—the “reading, applying, and reporting” of an income tax treaty exemption.

Originally presented: Jun 2017 Higher Education Taxation Institute

Donna Kepley, Arctic International LLC - Austin, TX

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6. Legislative and Policy Outlook for Colleges and Universities (Jun 2017)

Richard A. Grafmeyer

1.00 0.00 0.00
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(mp3)
58 mins
(pdf)
5 pgs
Session 6 —58 mins
Legislative and Policy Outlook for Colleges and Universities (Jun 2017)

Take a look from inside the beltway at how Congress is examining exempt organizations (including higher education institutions) and focusing on endowments, investment issues, UBIT, donor advised funds, and the impact corporate integration and other tax reform proposals will have on exempt organizations.

Originally presented: Jun 2017 Higher Education Taxation Institute

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

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7. Taxation of Faculty Inventor Payments (Jun 2017)

Brittany Cvetanovich, Benjamin A. Davidson

1.00 0.00 0.00
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(mp3)
58 mins
(pdf)
16 pgs
(pdf)
16 pgs
Session 7 —58 mins
Taxation of Faculty Inventor Payments (Jun 2017)

Complex and unexpected tax considerations can arise when a university shares revenue from licensing technology with faculty or staff inventors. Discuss tax treatment of these payments for the university and inventor, including possible capital gain treatment for inventors, potentially unexpected application of the installment sale rules, implications of declining or redirecting payments, and payments to non-US residents.

Originally presented: Jun 2017 Higher Education Taxation Institute

Brittany Cvetanovich, Ropes & Gray - Chicago, IL
Benjamin A. Davidson, The University of North Carolina at Chapel Hill - Chapel Hill, NC

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8. Student Organizations (Jun 2017)

Kelly Farmer, Bertrand M. Harding Jr., Paul Van Dieren

1.00 0.00 0.00
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(mp3)
59 mins
(pdf)
18 pgs
(pdf)
11 pgs
Session 8 —59 mins
Student Organizations (Jun 2017)

Review different student organizations and other associated entity tax issues. Discuss whether the organization is part of the university or a separate entity, tax-exempt status, use of EINs, entering into contracts, and political activities.

Originally presented: Jun 2017 Higher Education Taxation Institute

Kelly Farmer, University of Minnesota - Minneapolis, MN
Bertrand M. Harding Jr., Law Offices of Bertrand M. Harding Jr. - Alexandria, VA
Paul Van Dieren, University of Notre Dame - Notre Dame, IN

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9. Property Tax Exemption: Challenging Times for Your University (Jun 2017)

Robert C. Berness, Kyle R. ZumBerge

1.00 0.00 0.00
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(mp3)
58 mins
(pdf)
15 pgs
Session 9 —58 mins
Property Tax Exemption: Challenging Times for Your University (Jun 2017)

Cash-strapped local governments and frustrated taxpayers are looking to universities that enjoy broad exemptions from property tax as an untapped source for tax revenues, payments in lieu of taxes (PILOTs), and voluntary contributions. At least one result is increased attention—and the concomitant challenges—to the property tax exemption enjoyed by your university or college. Explore these issues from the perspectives of a public and private university, with particular focus on the recent experiences of The University of Texas System and Princeton University.

Originally presented: Jun 2017 Higher Education Taxation Institute

Robert C. Berness, Princeton - Princeton, NJ
Kyle R. ZumBerge, The University of Texas System Office of General Counsel - Austin, TX

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10. Fringe Benefit Issues for Colleges and Universities (Jun 2017)

Toby W. Ruda, Amy Goodreau Williams, Joel Levenson

1.00 0.00 0.00
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(mp3)
62 mins
(pdf)
17 pgs
Session 10 —62 mins
Fringe Benefit Issues for Colleges and Universities (Jun 2017)

Discuss fringe benefit issues raised by the IRS in payroll tax audits, and address common compliance risk and reporting areas pertinent to colleges and universities.

Originally presented: Jun 2017 Higher Education Taxation Institute

Toby W. Ruda, KPMG LLP - Charlotte, NC
Amy Goodreau Williams, Duke University - Durham, NC
Joel Levenson, University of Central Florida - Orlando, FL

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11. Nexus Rules—State and Local Taxation Issues and Considerations (Jun 2017)

Sara Arvold, Michael Quesada, Kevin Spiegel

1.00 0.00 0.00
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(mp3)
60 mins
(pdf)
17 pgs
Session 11 —60 mins
Nexus Rules—State and Local Taxation Issues and Considerations (Jun 2017)

Hear a practical discussion on identifying and managing an institution’s state nexus footprint. Explore issues such as the impact of remote/telecommuting employees, alternative investments, and other activities which may create nexus. Gain a holistic perspective on how these activities impact not only income tax, but also employment tax, sales/use tax, unclaimed property, and other tax filings you may not have considered.

Originally presented: Jun 2017 Higher Education Taxation Institute

Sara Arvold, Crowe Horwath LLP - Chicago, IL
Michael Quesada, University of San Diego - San Diego, CA
Kevin Spiegel, Crowe Horwath LLP - Chicago, IL

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12. Deferred Compensation and Employment Agreements (Jun 2017)

Jeffrey Martin, Tara Schulstad Sciscoe

1.00 0.00 0.00
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(mp3)
60 mins
(pdf)
18 pgs
Paper
(pdf)
4 pgs
(pdf)
16 pgs
(pdf)
50 pgs
Session 12 —60 mins
Deferred Compensation and Employment Agreements (Jun 2017)

Explore various types of non-qualified deferred compensation arrangements available to employees of tax-exempt employers and the tax rules that apply to them, including an illustration of how recently issued rules apply to compensation arrangements at private and public institutions. Discuss items commonly found in employment agreements that may result in deferred compensation.  
 

Originally presented: Jun 2017 Higher Education Taxation Institute

Jeffrey Martin, Grant Thornton LLP - Washington, DC
Tara Schulstad Sciscoe, Ice Miller LLP - Indianapolis, IN

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13. Difficult Compensation Challenges (Jun 2017)

Laura Kalick, A. L. (Lorry) Spitzer, Robert A. Wexler

1.00 0.00 0.00
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(mp3)
55 mins
(pdf)
23 pgs
Session 13 —55 mins
Difficult Compensation Challenges (Jun 2017)

Hear a discussion on difficult compensation challenges that arise in college and university settings. In addition to a brief summary of applicable law and current developments, gain a practical perspective on compensation and “intermediate sanctions” issues that often arise in five discrete areas of college and university activity: the technology transfer function, dealings with trustees, key employees in the investment office, compensation of high profile coaches and the athletic director, and the president’s compensation package.

Originally presented: Jun 2017 Higher Education Taxation Institute

Laura Kalick, BDO USA, LLP - Washington, DC
A. L. (Lorry) Spitzer, Ropes & Gray LLP - Boston, MA
Robert A. Wexler, Adler & Colvin - San Francisco, CA

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14. Directing a University Tax Department (Jun 2017)

Benjamin A. Davidson, Julia J. Buick, Bob Lammey, Joel Levenson

1.00 0.00 0.00
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(mp3)
60 mins
(pdf)
Part 1 – 5 pgs
Part 2 – 2 pgs
Session 14 —60 mins
Directing a University Tax Department (Jun 2017)

Hear from seasoned campus leaders about a variety of models for operating a university tax department. Listen as panelists discuss their departments' scope of responsibility, staffing, allocation of time, outsourcing, partnership with in-house counsel, best practices, and more.
 

Originally presented: Jun 2017 Higher Education Taxation Institute

Benjamin A. Davidson, The University of North Carolina at Chapel Hill - Chapel Hill, NC
Julia J. Buick, Johns Hopkins University - Baltimore, MD
Bob Lammey, Ernst & Young LLP - Boston, MA
Joel Levenson, University of Central Florida - Orlando, FL