Bursting with information, but starved for focus?

Find your focus at the 13th Annual Domestic Tax Conference

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Chicago – May 10

Domestic Tax Conference 2018 – Chicago, IL
Thursday, May 10, 2018 Location
7:30 a.m. CT – 7:00 p.m. CT Marriott Marquis, Chicago

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Agenda for Domestic Tax Conference 2018 – Chicago, IL
Thursday, May 10, 2018

7:30 a.m. Registration and breakfast
8:30 a.m. Keynote speaker - Geoff Colvin
9:30 a.m. Plenary I
10:45 a.m. Break
11:00 a.m. Breakout sessions I
12:00 p.m. Lunch and networking
1:15 p.m. Breakout sessions II
2:15 p.m. Break
2:30 p.m. Breakout sessions III
3:30 p.m. Break
3:45 p.m. Plenary II
5:00 p.m. Reception and networking

Plenary sessions for DTC 2018 – Chicago

The featured plenary sessions are an opportunity to gather with peers while gaining insights that will affect the tax profession.

Plenary I

The impact of US tax reform: adjusting to the shifting tax landscape

The United States has enacted the first major overhaul of its federal income tax system in more than 30 years. Now that tax reform is here, domestic tax leaders must turn their full attention to the challenges of implementing it. Significant tax implications will arise not only this year but beyond, and will affect various business functions and decisions. This panel of experienced Ernst & Young LLP tax professionals will examine the final enacted legislation and identify possible intended and unintended consequences for businesses. Presenters will also address the practical implications to businesses in a variety of contexts, how federal tax reform may impact state budgets and reform initiatives, and how we are seeing our clients respond to the new law.

Plenary II

Forging forward: a panel discussion about the future of the tax function

Join us for a dynamic discussion as a panel of tax leaders from today’s leading companies discuss tax reform implementation, tax technology and the tax professional of the future. Hear best practices for addressing today’s pressing topics impacting your tax function.


Breakout sessions for DTC 2018 – Chicago

These interactive and highly technical breakout sessions are designed to help you get the most out of your conference attendance while gaining valuable CPE.* DTC 2018 will once again be utilizing a mobile event app to share session slides, polling questions and live Q&A. You may choose to utilize a smartphone or tablet to enhance your conference participation.

*CPE will facilitated electronically. A unique link will be emailed to you the day of the conference. The National Association of State Boards of Accountancy (NASBA) requires a response to that email by midnight in order for your CPE credit to be recorded. You may choose to bring your smartphone to the event to ensure that you response is recorded in a timely fashion.

Accounting for income taxes

This session covers income tax accounting developments arising from US tax reform legislation and other matters including FASB staff decisions for certain provisions, FASB ASU on stranded tax effects in other comprehensive income, an update on SAB 118 disclosures, regulator focus areas, interim reporting considerations and tax accounting challenges.

State implications of federal tax reform: the international provisions

The new terms in the federal lexicon of multinational business taxation (transition tax, GILTI, FDII, BEAT) have garnered the attention of the states and generated enormous uncertainty. This panel will focus on the international aspects of federal tax reform and how they affect the states, including US Constitutional restriction considerations.

Credits & incentives in a rapidly changing environment … incentives, tax reform, trade … and more!

What do federal and state tax and economic development policy changes and proposals mean for federal and state business incentives, tax credits and sustainability incentives?

Common issues in information reporting and withholding for both financial services (FS) and non-FS companies

Information reporting and withholding (IRW) isn’t easy anymore. Has your organization kept up with entity classification? Does accounts payable properly document and source all payments? This session will review the newest developments in IRW and the challenges of completing and collecting tax documentation and sourcing and reporting payments to vendors.

“Connected Tax”: A new operating model framework is the answer for disruption in Tax

In this session, participants will learn and share how leading companies are responding to six mega-disruptors impacting tax function operations. Discussion topics include:

  • How the “platform economy” can benefit tax operations
  • “A potent point of view for connecting tax function stakeholders”
  • Conversion of data from a liability to an asset
  • Technology point solutions
  • Selective outsourcing

Federal tax reform unpacked — a discussion of key federal provisions in the new law

This panel will discuss several of the most notable federal provisions in the new law, including section 199A. The panel will also cover how domestic planning is implicated under several of the new international provisions, such as BEAT and the E&P transition tax.

Recent developments and leading practices in domestic and worldwide compliance and reporting

This session will address the implications of US tax reform on US federal, international and state tax return reporting for tax years 2017 and 2018, including state conformity and traps for the unwary. Panelists will also discuss other current technical developments and leading practices as organizations prepare for increasingly complex compliance requirements.

State and local business tax policy trends for 2018

State legislators and policymakers are challenged by the potential impact of federal tax reform. Complicating matters is the fact that 2018 is an election year. This panel will describe the current electoral landscape in key states, describe the influences on state tax matters and assess the potential state reactions.

How can your current enterprise IT tools transform how you operate tax?

Do you have robots in your organization? How does finance manage all that data and create analytics? We will explore how tax departments are quickly discovering that technology already existing in the broader enterprise can be leveraged to drive efficiencies, create new tax insights and allow tax to be a valued business partner.

Partnerships and the TCJA

This session will consider certain TCJA provisions that affect partnerships, including Sections 199A, 1061, 163(j) and 168(k).

New and notable in IRS tax controversy

This session will discuss the Large Business & International (LB&I) division’s changing audit focus as a result of tax reform and limited resources. The session will give practical advice on how to respond to LB&I’s acknowledgement of facts IDR, address changes to the appeals process, and provide insights into the latest tax controversy developments and trends.

Last call for 2017 federal tax planning ideas

It is not too late to implement strategic federal tax planning positions on your 2017 federal tax return. In this session, we will discuss general strategies and specific planning ideas that are still available for 2017 tax returns such as: accounting methods, capitalization, R&D, §199, etc.

Planning for corporate acquisitions and divestitures

This panel will discuss current market transaction structures and planning opportunities in light of recent guidance and US tax reform. The panel will also focus on efficient strategies for acquisitions and dispositions in the changing tax landscape.

Revenue recognition implications of tax reform

Join a panel of tax practitioners for a discussion of some of the key areas of focus and inquiry arising from new IRC Sections 451(b) and (c). This session will highlight procedural and substantive complexities of new Section 451, particularly in conjunction with implementation of the new revenue recognition standard (FASB ASC 606).

Digital tax administration — are you ready?

Governments around the world are ramping up their analytics capabilities. These platforms enable real-time or near-real-time collection of taxpayer data — forcing tax, finance and IT to proactively work together. Join us to gain insight into what tax administrations are doing and how companies are modifying their operating models to respond.

Multistate income tax hot topics, including the domestic provisions of federal tax reform

Federal tax reform brought about rate reduction at the expense of various business tax deductions. Now states are considering their response, while they’re also on standby with regard to the future of nexus. This panel will explore these and other emerging state and local tax developments.

Roundtable with state and local tax government officials

Hosted by a former revenue commissioner and executive director of the MTC, this panel will bring together tax commissioners of various states to discuss the impact of federal tax reform on their states, outline current budgetary situations in their states and provide their points of view on emerging issues affecting taxpayers.

Blockchain and cryptocurrency — a tax primer

This breakout session will describe what blockchain is, potential use cases and basic tax issues arising in connection with blockchain-related ventures. We will also cover tax issues associated with initial coin offerings and trading of cryptocurrencies.