Agenda

• The service's approach to the tax shelter problem
• Description of some types of transactions that are viewed by the service as abusive
• The final tax shelter regulations

Donald L. Korb, Thompson Hine LLP, Cleveland, OH

• Drawing a line between tax planning and return preparation for purposes of the attorney-client and section 7525 privileges
• Implications of United States v. KPMG
• Collateral consequences of litigation in the privilege area, e.g., preparer privilege

Linda Galler, Professor of Law, Hofstra University,
Hempstead, NY

• Circular 230

Stephen A. Whitlock, Deputy Director, Office of Professional Responsibility, Internal Revenue Service, Washington, DC (Executive in Charge of Enforcement)

• The Latest on Sarbannes Oxley
  • The cascade effect and its impact on private businesses in Ohio and across the country
  • How private compaines, not-for-profits and others are responding
  • The new focus on corporate governance and corporate behavior
  • How the CPS's role is evolving
  • Implications for the future

J. Clarke Price, President & CEO, Ohio Society of Certified Public Accountants, Columbus, OH

• Tax cuts are here: Other Tax legislation still under consideration
• Final ETI resolution is the driver for international tax reform/simplification
• Revenue raisers including tax shelters and corporate inversions still on the table

Jeffrey Kummer, Deloitte & Touche, National Tax- Washington, DC

• Qualified and nonqualified deferred compensation arrangements - design and planning issues
• Fringe benefit issues for executives - during employment and after termination
• Stock option tax strategies and planning

William M. Freedman, Dinsmore & Shohl, Cincinnati, OH