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Life
Settlement Tax Compliance
90 Minute Session at
the SAME GREAT RATE!
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Taxation Webinar Recording
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EVENTS@LISASSOCIATION.ORG
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Moderator:
Daniel Harris
Director of
Government Affairs
LISA
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Panelist:
Steven Huttler
Of Counsel
Sadis & Goldberg, LLP
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Panelist:
Roger Lorence
Partner
Sadis & Goldberg, LLP
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PICTURE NOT AVAILABLE
Panelist:
Tucker Shumack
Principal
Capital Counsel |
Panelist:
Kirk Van Brunt
Partner
Locke, Lord, Bissell & Liddell
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This
Webinar will Cover...
The federal tax rules that apply to buyers and sellers of
life insurance policies in life settlement transactions has
long been an area of complexity and uncertainty. The IRS
this past May issued important new guidance on these tax
rules, and Congress is studying new legislative proposals
relating to tax reporting for life settlement transactions.
This Webinar will review the new IRS guidance and focus on
compliance issues for the life settlement industry. This
Webinar will also provide an update on new tax reporting
rules being considered by Congress and what they may mean
for the life settlement industry. As the last quarter of
2009 approaches and we near year-end, tax compliance under
the new IRS guidance will become a priority for industry
participants. This Webinar will provide an important
introduction to year-end tax compliance issues for the life
settlement industry.
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Daniel Harris
Director of Government Affairs
LISA
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Steven Huttler
Of Counsel
Sadis & Goldberg, LLP |
Steven Huttler is Of
Counsel to Sadis & Goldberg LLP, and is a member of
the Financial Services Group. He focuses his
practice on corporate, investment fund and
securities matters, including the representation of
investment funds, U.S. and foreign issuers,
underwriters, and private clients in various
registered public and private offerings of debt and
equity securities totaling in excess of $10 billion.
In addition to his background in general securities
and capital markets; Mr. Huttler also has
significant experience in Life Settlements and
related markets. This experience includes a variety
of client representations, such as life settlement
investors (including both premium finance and other
later stage life settlement investors), broker
dealers and other intermediaries placing product,
large and intermediate sized investment funds making
periodic investments in markets, other sophisticated
and often international participants in US life
settlement markets, and new life settlement funds.
His experience also ranges over investment funds
focused on investors in a wide variety of
jurisdictions including many in Latin America.
Mr. Huttler regularly speaks and writes on a wide
variety of topics regarding private equity and hedge
funds. To read his most recent article on hybrid
funds, go to hedgefundworld.com, select newsletters
and read the article on page 4 of our April edition
entitled “Hybrid Fund Structures for Hard-to-Value
Securities”.
Mr. Huttler is admitted to practice law in the State
of New York. He is a graduate of Columbia
University's School of Law (Harlan Fiske Stone
Scholar), where he received a Juris Doctor degree,
and completed the program of the Parker School of
International Law. He has a Bachelor of Arts degree
in History from Yeshiva University (magna cum
laude). From 2000 until 2003, he served as a
co-author of Designing an Effective Securities
Compliance Program, Volume 10 of the Corporate
Compliance Series, published by West Group. Mr.
Huttler has served as a member of the Board of
Governors of the Lawrence Association, the central
political and citizens group in the Village of
Lawrence, Nassau County, New York.
Mr. Huttler was a partner in the Corporate and
Commercial Law Department of Kronish Lieb Weiner &
Hellman (now the New York office of Cooley Godward
Kronish LLP) from 1999-2002, and an associate with
the Corporate Finance Department of Shearman &
Sterling from 1992-1998.
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Roger Lorence
Partner
Sadis & Goldberg, LLP |
Roger Lorence is a
member of the tax group of Sadis & Goldberg LLP. He
obtained his BA in English Literature from Wesleyan
University and his MA in English Literature from
Columbia University. He received his JD and LLM
(Taxation) from New York University School of Law,
where he was Associate Editor of the Law Review,
elected to the Order of the Coif and awarded a
Pomeroy Prize.
Mr. Lorence specializes in the taxation of companies
in the financial services industry, international
taxation and tax controversies. He is the author of
some fifty articles on a wide range of tax issues.
He is a member of the board of advisers of the
monthly publication Derivatives Financial Products
Report (Warren, Gorham & Lamont), to which he
contributes the column on hedge funds and related
fields. Mr. Lorence also has lectured widely on the
taxation of hedge funds, derivative financial
products, partnerships and international taxation,
at venues across the U.S. He is the co-chair of the
annual Hedge Fund Forum sponsored by the Center for
Professional Education.
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Tucker Shumack
Principal
Capital Counsel
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Tucker C. Shumack is a
principal with Capitol Counsel LLC. He brings to the
firm nearly a decade of experience working on
Capitol Hill in both the U.S. House of
Representatives and the U.S. Senate.
Prior to joining the firm, Mr. Shumack served as the
tax and finance counsel to Senator Olympia Snowe
(R-ME) and the Senate Committee on Small Business &
Entrepreneurship where she is ranking member. As the
tax advisor to a senior member of the Senate Finance
Committee, he was intimately involved in negotiating
such legislation as the Emergency Economic
Stabilization Act of 2008, the Economic Stimulus Act
of 2008, the Small Business and Work Opportunity Tax
Act of 2007, the Tax Relief and Health Care Act of
2006, the Tax Increase Prevention and Reconciliation
Act of 2005, and the Gulf Opportunity Zone Tax Act
of 2005.
Before working for Senator Snowe, Mr. Shumack was a
legislative assistant for Congressman and then
Senator Johnny Isakson (R-GA), a prominent member of
the Commerce Committee as well as the Health,
Education, Labor, and Pensions (HELP), Foreign
Relations, Small Business, and Veteran Affairs
Committees. Mr. Shumack advised Senator Isakson on a
range of issues including tax, budget, Social
Security, agriculture, foreign affairs, defense,
veterans’ affairs, and immigration.
Mr. Shumack began his career working for the late
Senator Paul Coverdell (R-GA), a former member of
Senate leadership and the Senate Finance Committee.
During his time with Senator Coverdell, Mr. Shumack
served in a number of different capacities in both
the Washington and state offices including
legislative assistant, scheduler, and middle Georgia
regional representative.
Mr. Shumack received his master of laws in taxation
from the Dedman School of Law at Southern Methodist
University. He received his law degree from the
University of Richmond where he was the president of
the Student Bar Association and the solicitations
editor for the Journal of Global Law and Business.
He graduated from Hampden-Sydney College with a
double major in political science and management
economics. At Hampden-Sydney, Mr. Shumack was a
National Presbyterian Scholar and a member of the
Madison Leadership and Public Service Society.
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Kirk Van Brunt
Partner
Locke, Lord, Bissell & Liddell |
Kirk Van Brunt is a
Partner in the Washington, D.C. office of Locke Lord
Bissell & Liddell. Mr. Van Brunt’s practice is
focused on the taxation of financial institutions
and products, with a particular focus on insurance
companies and insurance products. Within the
insurance arena, Mr. Van Brunt has substantial
experience with life settlement transactions,
bank/corporate owned life insurance (BOLI/COLI), and
is very active within the structured settlement
industry. Mr. Van Brunt also has substantial
experience in the tax treatment of asset-backed
securities (especially tax issues relating to REMICs)
and derivative financial instruments. Mr. Van Brunt
is a graduate of Harvard Law School where he was a
member of the Harvard Law review. A frequent speaker
on insurance tax issues, Mr. Van Brunt has been
asked to speak at some of the most prestigious
events in the country and has published a variety of
articles on the subject. |
Disclaimer:
The opinions expressed in this forum are not necessarily the
opinions of the Life Insurance Settlement Association. The
advice given is not intended as legal or financial advice.
Webinar attendees should consult with his or her own
attorney before relying on advice given herein.
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OTHER UPCOMING DATES |
October 14th, 2009
Topic TBA
More Information
Coming Soon |
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BECOME A PRESENTER! |
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For topics, suggestions, or to become a presenter,
please contact Shannon Fleshman, Conference Services
and Product Sales,
Shannon@lisassociation.org |
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