Voluntary Disclosure Program Encourages Compliance with Foreign Account Reporting
Last year, there were increased efforts by federal prosecutors and IRS agents to investigate taxpayers for failing to file Foreign Bank Account Reports (FBARs) and foreign earned income.
In this podcast with Len Schneidman, of counsel in Pepper Hamilton’s Tax practice and resident of Pepper’s Boston office, and Michael Schwartz, a partner in Pepper’s White Collar and Corporate Investigations practice and resident of the Philadelphia office, they discuss one of the tactics of the IRS to recover these outstanding taxes, the Voluntary Disclosure Program.
If you are interested in receiving Pepper’s Tax or White Collar and Corporate Criminal Investigations Client Alerts, please email podcasts@pepperlaw.com.
(Running Time: 12:54)
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Stimulus Package: Buy Back Debt Today, Pay Tax Later
As market conditions continue to depress the value of outstanding debt, private equity funds and other debt issuers have the opportunity to acquire their indebtedness at significant discounts.
Pepper Hamilton attorney Steve Bortnick, a partner in the New York and Princeton offices and a member of the firm’s Tax Department, recently authored an article with fellow Pepper attorney Tim Leska titled “Stimulus Package: Buy Back Debt Today, Pay Tax Later.”
In this podcast, Steve discusses how the American Recovery and Reinvestment Act affects private equity funds and other debt issuers and discusses examples that he featured in his article.
If you are interested in the latest updates in the world of tax, you can request to receive an electronic copy of our monthly Tax Update newsletter by emailing podcasts@pepperlaw.com.
(Running Time: 11:22)
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Pursuing Real Estate Tax Assessment Appeals in a Down Economy
With financial markets sinking and costs for gasoline and transportation rising, businesses are eager to trim costs and improve their bottom lines. In this podcast with Dusty Elias Kirk and Sharon DiPaolo, partners in Pepper Hamilton’s Pittsburgh office, and members of the firm’s Real Estate Practice Group, they discuss how businesses are finding ways to reduce cost by reducing their real estate tax.
If you are interested in the latest updates in the world of real estate, email podcasts@pepperlaw.com, to subscribe to Pepper Hamilton’s Real Estate Updates.
(Running Time: 11:58)
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Bailout Legislation Contains Many Favorable Renewable Energy Tax Provisions
On October 3, President Bush signed into law the much-publicized bailout legislation. As part of the legislation, there were three separate tax acts including the Energy Improvement and Extension Act of 2008, or the 2008 Energy Act. Listen to this podcast with Todd Reinstein, partner with Pepper Hamilton’s Tax Practice and resident of our Washington D.C. office, as he discusses some of the many favorable renewable energy tax provisions contained in the new bailout legislation.
If you’re interested in learning more about the latest developments in Sustainability and Climate Change or Tax Law, email podcasts@pepperlaw.com to subscribe to Pepper Hamilton’s Sustainability and Tax Updates.
(Running Time: 8:12)
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Fifth Annual Tax Workshop – Public Companies
Recently, Pepper Hamilton hosted our Fifth Annual Tax Workshop. The topic of this year’s workshop was business alignments and was moderated by Horace “Chip” Jordan, Senior Vice President of Tax with Marriott International. Panelists included Pepper partners Annette Ahlers and Ellen McElroy, Jeffrey Schragg, a partner with Argy, Wiltse and Robinson, and Pepper of counsel Lance Jacobs.
The workshop consisted of the panelists going through a few case examples to illustrate some of the tax issues an acquiring company, seller or investor would face in various venture backed and public company scenarios.
This podcast features the discussion of two scenarios regarding a public company that has had a going concern letter issued in the distressed industry. The scenarios included pre-bankruptcy options the public company can consider and the possibility of a going private transaction.
(Running Time: 38:55)
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Fifth Annual Tax Workshop – Venture Backed Companies
Recently, Pepper Hamilton hosted our Fifth Annual Tax Workshop. The topic of this year’s workshop was business alignments and was moderated by Horace “Chip” Jordan, Senior Vice President of Tax with Marriott International. Panelists included Pepper partners Annette Ahlers and Ellen McElroy, Jeffrey Schragg, a partner with Argy, Wiltse and Robinson, and Pepper of counsel Lance Jacobs.
The workshop consisted of the panelists going through a few case examples to illustrate some of the tax issues an acquiring company, seller or investor would face in various venture backed and public company scenarios.
This podcast features the discussion of three scenarios regarding a venture backed loss company. The scenarios included the loss company being acquired by a public company; the loss company discussing which structures will preserve their net operating losses while cashing out their convertible debt holders; and the loss company filing for bankruptcy.
(Running Time: 37:33)
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Mind Your Own (Non Business)
Not long ago, the Supreme Court decided to grant certiorari in the MeadWestvaco v. Illinois Dept of Revenue case. In this podcast with Lance Jacobs, an of counsel with Pepper's Washington office, who focuses his practice on federal, state and local tax matters, Lance discusses the details of this case and why this surprisingly taxpayer-favorable decision is interesting for businesses.
If you are interested in the latest updates in the world of tax, you can request to receive an electronic copy of our monthly Tax Update newsletter by emailing podcasts@pepperlaw.com.
(Running Time: 6:20)
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Tax Update
Recently, Pepper Hamilton, Pinnacle Fund Administration and Herbert L. Jamison and Company hosted a Hedge Funds and Investment Management Update. This session covered topics such as valuation in light of FAS 157, recent SEC activity, the impact of the credit meltdown, side by side conflict management, and the effect of each of these developments on portfolio construction and management. We recorded the presentations to create a series of podcasts.
This podcast features the presentation of Steve Bortnick, a partner with Pepper Hamilton’s Tax Group and resident of Pepper’s New York and Princeton offices. Steve’s presentation was titled “Tax Update.”
Please contact Brian Dolan at dolanb@pepperlaw.com if you would like a copy of the presentation slides.
(Running Time: 14:15)
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Renewable Energy Developers, Investors Gain Tax Certainty
As concerns for the nation’s energy supply have risen, the Federal government has periodically provided various incentives to encourage the use of renewable energy sources. Listen to this podcast with Todd Reinstein, partner with Pepper Hamilton’s Tax Practice and resident of our Washington D.C. office, as he describes quality energy resources and the effect of Section 45 and Revenue Procedure 2007-65 on investors of renewable energy.
If you are interested in the latest updates in the world of tax, you can request to receive an electronic copy of our monthly Tax Update newsletter by emailing podcasts@pepperlaw.com.
Running Time: 9:51)
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Pepper Hamilton Launches New Fund Watch Service
Developments in 2007 by Congress and the IRS are casting a long shadow over the tax treatment of private investment funds, their managers and sponsors. These developments occur often and change rapidly. The objective of the Fund Watch is to closely monitor all relevant developments in the area of fund taxation and to make this information available to you on a “real-time” basis.
In this podcast with Len Schneidman, of counsel with Pepper Hamilton’s Tax Practice Group and resident of our Boston office, he describes some of the developments that the Fund Watch will be monitoring in 2008.
If you would like to sign up to receive future electronic Tax Alerts on these developments, please e-mail Brian Dolan at dolanb@pepperlaw.com. You can contact our Fund Watch Hotline with specific questions on these issues by calling 866.333.0648 or e-mailing fundwatch@pepperlaw.com.
(Running Time: 9:21)
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