NYU School of Professional Studies Division of Programs in Business to Virtually Host the 2021 Federal Real Estate and Partnerships Tax Conference on June 17 and 18

This Year’s Conference Will Focus on the Legislative Outlook for Real Estate, the Regulatory Aspects of Opportunity Zones, and Navigating Federal Income Tax Issues Post-Pandemic

NEW YORK, June 8, 2021 – On June 17-18, the NYU School of Professional Studies (NYU SPS) Division of Programs in Business’ Finance, Law, and Taxation programs will host a webinar version of its annual Federal Real Estate and Partnerships Tax Conference. The Conference, which is usually held on-site, has been moved to a virtual, shortened format to ensure the safety of attendees and panelists.

This year’s NYU Federal Real Estate and Partnerships Tax Conference will focus on the legislative outlook for real estate, the regulatory and real world aspects of opportunity zones, final regulations affecting carried interest, limitations on business interest expense, and navigating federal income tax issues post-pandemic, among other topics.

The Conference, co-chaired by Andrea M. Whiteway, Esq., principal, National Tax Group, EY, and Paul H. Wilner, CPA, managing partner, Grossberg Company, is designed for accountants, attorneys, and tax and real estate professionals, at all levels, who are involved in the planning and transactional work related to partnerships and real estate taxation. Participants qualify for CPE and CLE credits.

For more information, please contact Kathleen Costello at 212-992-3320 or email sps.tax@nyu.edu.

For media inquiries, please contact Michael DeMeo at michael.demeo@nyu.edu or Alka Gupta at aag13@nyu.edu.

PROGRAM AGENDA

Thursday, June 17, 2021:

12:30 – 1:00 p.m. - Legislative Outlook for Real Estate

This presentation focuses on current key national public policy issues and legislative actions under consideration as they affect the real estate industry as well as the overall economy.

• Ryan P. McCormick, Esq., Senior Vice President & Counsel, The Real Estate Roundtable, Washington, DC

1:00 – 2:15 p.m. - Opportunity Zones

Panel discussion regarding the basic requirements, recent regulatory updates, and the real world aspects of investments in Opportunity Zones.

• Brian J. O’Connor, Esq., Partner, Venable, Washington, DC
• Steven R. Schneider, Esq., Partner, Baker & McKenzie, Washington, DC
• Andrea M. Whiteway, Esq., Principal, EY, Washington, DC
• Paul H. Wilner, CPA, Partner, Grossberg Company, Bethesda, MD

2:15 – 2:45 p.m. - BREAK

2:45 – 3:55 p.m. - Carried Interests, Final Section 1061 Regulations

Panel discusses the final regulations affecting carried interest, with a focus on partnership and the real estate industry.

• Brian J. O’Connor, Esq., Partner, Venable, Washington, DC
• Steven R. Schneider, Esq., Partner, Baker & McKenzie, Washington, DC
• Andrea M. Whiteway, Esq., Principal, EY, Washington, DC
• Paul H. Wilner, CPA, Partner, Grossberg Company, Bethesda, MD

3:55 – 5:00 p.m. - Limitations on Business Interest Expense, Section 163(j) Limitations

Panel explores the final regulations and real world applications and issues identified in practice related to the limitations on interest deductions under Section 163(j).

• Brian J. O’Connor, Esq., Partner, Venable, Washington, DC
• Steven R. Schneider, Esq., Partner, Baker & McKenzie, Washington, DC
• Andrea M. Whiteway, Esq., Principal, EY, Washington, DC
• Paul H. Wilner, CPA, Partner, Grossberg Company, Bethesda, MD
   

Friday, June 18, 2021:

12:30 – 1:15 p.m. - Update on Recent and Pending Developments from the Government Perspective

An overview of recent and pending developments in partnership and real estate taxation from the government perspective. This is an opportunity to hear firsthand the view of a key government official about what’s important, why it’s important, and what the government is doing about it.

• Robert J. Crnkovich, Esq., Special Counsel Office of the Associate Chief Counsel (Passthroughs & Special Industries), Washington, DC (INVITED)

1:15 – 2:30 p.m. - Hot Topics in Like-kind Exchanges

This panel covers a wide variety of recent developments impacting like-kind exchanges of real property, including related party transactions, leases, parking arrangements within and outside the safe harbor, construction exchanges, and refinancing before or after the exchange and foreclosures. The Panel also addresses the legislative outlook, state tax issues, and liability issues for qualified intermediaries.

• Glenn M. Johnson, Esq., Principal, EY, Washington, DC
• Robert D. Schachat, Esq., Consultant, Realty Exchange Corporation, Gainesville, VA

2:30 – 3:00 p.m. - BREAK

3:00 – 4:00 p.m. - Creative Planning for Foreign Ownership of Us Real Estate

This presentation discusses how to structure foreign investment in US real estate, joint ventures with offshore investors, debt versus equity structures and withholding requirements and traps. Structuring US investment abroad also is discussed in light of tax reform.

• Michael Hirschfeld, Esq., Managing Director, Andersen Tax, New York, NY
• David Friedline, Esq., Partner, Deloitte Tax, New York, NY

4:00 – 5:00 p.m. - Troubled Business Workouts and Lease Modifications

Given the impact of the pandemic on business, understanding how to navigate the federal income tax issues associated with debt forgiveness and workouts is more important than ever. This presentation covers the issues associated with troubled businesses and debt restructuring/workouts with a focus on partnerships and real estate.

• James B. Sowell, Esq., Principal, KPMG, Washington, DC
• Glenn M. Johnson, Esq., Principal, EY, Washington, DC

Save the Date for Next Year’s Conference
Next year, the NYU Federal Real Estate and Partnerships Tax Conference will take place live and in person on June 9-10, 2022 at the Mayflower Hotel in Washington, DC, featuring the same powerful and thought-provoking content that is so critical to those who attend the Conference each year.  

About the NYU School of Professional Studies
Celebrating 86 Years of Excellence in Applied Professional Education
For 86 years, the NYU School of Professional Studies (NYU SPS) has been a deeply respected institution of higher education that is grounded in applied learning. From its early years, training returning World War II veterans to fulfill the nation’s urgent need for skilled technical workers, it has evolved into a professional education powerhouse that offers 20 graduate degrees, 13 bachelor’s degrees for traditional and post-traditional students, four associate’s degrees, and a plethora of continuing education courses and credentials.

NYU SPS is a thought leader, and serves as an incubator for new ideas in industries that are constantly changing, including real estate, real estate development, and construction management; hospitality, tourism, travel, and event management; global affairs and global security, conflict, and cybercrime; global sport and sports business; publishing; marketing; public relations; project management; executive coaching and organizational consulting, human resource management and development, and human capital analytics and technology; management and systems; translation; and professional writing. It is focused on building skills that open doors to opportunities in emerging fields and global markets. NYU SPS faculty members are leading experts in their areas of discipline, with a hands-on approach that encourages students to push beyond their limits and to break new ground.

Home to some of the largest and most prestigious industry conferences in the world, including the Schack Institute of Real Estate’s Capital Markets Conference, REIT Symposium, and National Symposium of Women in Real Estate; and the Jonathan M. Tisch Center of Hospitality’s International Hospitality Industry Investment Conference, the School’s invaluable connections to industry leaders is a truly distinguishing factor in the education that it provides. Through career development services and resources provided by the NYU Wasserman Center for Career Development at NYU SPS, guest lecturers, site visits, participation in numerous conferences and events, and Global Field Intensives, students benefit from an NYU education that will set them apart. In addition, they have the opportunity to learn from and network with more than 30,000 NYU SPS alumni who live, work, and contribute to innovation in industry around the world. To learn more about NYU SPS visit: sps.nyu.edu.