ABA Tax Section 2018 Midyear Meeting

Partners Ralph DeJong, Andrew Liazos, Michael Wilder and Allison Wilkerson spoke at the American Bar Association (ABA) Tax Section 2018 Midyear Meeting, hosted in San Diego, CA on February 8-10, 2018.

Ralph E. DeJong was a panelist for the session on “Recent Developments in Hospital Audits,” which discussed key issues arising (or potentially arising) in hospital audits, including 501(r), executive compensation, and UBIT (including JVs).

Andrew Liazos moderated a session on the “Impact of Tax Reform on Executive Compensation and Employee Benefit.” This panel addressed the impact of the 2017 Tax Act on executive compensation and employee benefits practices, with a focus on the repeal of the performance-based compensation exemption, the 20% tax on excess executive compensation paid by tax exempt organizations, the 5 year tax deferral opportunity for qualifying equity grants made by privately held companies, restrictions on fringe benefits and the changes to payroll tax reporting and withholding as a result of tax rate changes.

Michael J. Wilder was a panelist for the session on “What Tax Reform Means for Affiliated and Related Corporations,” which considered the effect of tax reform legislation—with a primary focus on consolidated return groups, including groups with foreign affiliates—and a wide range of topics, including consolidated aspects of interest deduction limitations, NOL carryovers, and new Subpart F inclusions (GILTI).

Allison Wilkerson acted as a panelist for the “Employee Benefits ESOP Update,” and discussed the steps that employers and fiduciary committees should take when an appointed fiduciary for a retirement plan (a Trustee, and Investment Manager or an Independent Fiduciary) is sold either in a stock sale or an asset sale.