NYU School of Professional Studies Division of Programs in Business to Host the 2022 Federal Real Estate and Partnerships Tax Conference In-Person on June 9-10 in Washington, DC

This Year’s Conference Will Focus on the Latest Developments, Legislation, and Rulings Affecting Real Estate and Partnership Taxation, including Opportunity Zones, Like-Kind Exchanges, Cross-Border Investments, Debt Workouts, and Section 752 Regulations and Transactions

NEW YORK, May 17, 2021 – On June 9-10, the NYU School of Professional Studies (NYU SPS) Division of Programs in Business’ Finance and Taxation programs will host the 2022 Federal Real Estate and Partnerships Tax Conference in person at the Mayflower Hotel in Washington, DC.

This year’s NYU Federal Real Estate and Partnerships Tax Conference will focus on recent rulings, regulations, and issues affecting real estate and partnership taxation. Panel topics include how to navigate the federal income tax issues associated with debt forgiveness and workouts, issues arising in leasing transactions, current trends in opportunity zones and like-kind exchanges, and new opportunities in cross-border real estate investment, debt workouts, Section 752 regulations, and transactions.

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.

Registration and Vaccination Compliance
All attendees, including conference speakers, must upload proof of vaccination, including the booster into VEOCI, NYU’s Campus Safety Systems for event access. Steps to upload proof of vaccination into VEOCI will be provided via email to all attendees and must be satisfied prior to the event in order to be admitted.

Registration Deadline
Due to COVID-19 health and safety procedures for this conference, attendees will be able to register for the conference until June 3, 2022, 11:59 pm, to allow for adequate time to process registrations in accordance with NYU vaccine mandates. On-site registration may not be allowed for this conference. For more information, please contact Kathleen Costello at 212-992-3320 or email sps.tax@nyu.edu.

For media inquiries about reporting on this event, please contact Michael DeMeo at michael.demeo@nyu.edu or Alka Gupta at aag13@nyu.edu.

PROGRAM AGENDA 

Day 1: Thursday, June 9
8:00 a.m.
Registration, Distribution of Materials, and Continental Breakfast

8:25 a.m.
Welcoming Remarks

• Kathleen Costello, CMP, Assistant Director, NYU School of Professional Studies

8:30 a.m.
Working with the Section 75 Partnership Liability Allocation Rules
The Section 752 partnership liability allocation rules present planning opportunities. This presentation explores the regulations and transactions, and cases in which the Section 752 regulations apply.

• Andrea M. Whiteway, Esq., Principal, EY

9:30 a.m.
Estate Planning for Real Estate Entrepreneurs, Estate Freezes Using Partnerships
This presentation explores the various planning techniques available to real estate entrepreneurs in the estate planning context.

• Stephen M. Breitstone, Esq., Partner, Meltzer, Lippe, Goldstein & Breitstone
• Jerome M. Hesch, Esq., Counsel, Meltzer, Lippe, Goldstein & Breitstone
• Joseph Medina, CPA, Managing Director, EY

11:00 a.m.
Opportunity Zones
Panel discusses the basic requirements, recent regulatory updates, and the real world aspects of investments in opportunity zones, as well as recent legislative proposals impacting opportunity zones.

• Brian J. O’Connor, Esq., Partner, Venable
• Paul H. Wilner, CPA, Partner, Grossberg Company

12:15 - 1:00 p.m.
Networking Luncheon

1:00 p.m.
Post-Luncheon Address: As the Experts
Session provides an outstanding opportunity for the audience to raise tax questions with a panel of leading experts.

• Brian J. O’Connor, Esq., Partner, Venable
• Robert D. Schachat, Esq., Managing Director, BDO USA
• Steven R. Schneider, Esq., Partner, Stroock & Stroock & Lavan
• Andrea M. Whiteway, Esq., Principal, EY
• Paul H. Wilner, CPA, Partner, Grossberg Company

1:45 p.m.
Creative Deal Structures
This session covers creative real estate deal structures related to transactions involving the formation of joint ventures with appreciated property or built-in loss property, contributions by non-owners (government subsidies, grants, and TIFS), recapitalizations, book-ups, book-downs, preserving negative capital accounts, conversion of debt into equity, and similar tax-driven transitional planning.

• Brian J. O’Connor, Esq., Partner, Venable
• Steven R. Schneider, Esq., Partner, Stroock & Stroock & Lavan

3:15 p.m.
Hot Topics in Like-Kind Exchanges
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.

• Glenn M. Johnson, Esq., Principal, EY
• Robert D. Schachat, Esq., Managing Director, BDO USA

4:30 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.

• Holly Porter, Esq., Associate Chief Counsel (Passthroughs and Special Industries), Internal Revenue Service
• Andrea M. Whiteway, Esq., Principal, EY
• Paul H. Wilner, CPA, Partner, Grossberg Company

5:15 p.m.
Networking Reception

Day 2: June 10

8:30 a.m.
Back to Basics, Built-In Gains and Losses, Section 704(c)
Presentation will cover the mechanics of section 704(c) and reverse Section 704(c) allocations: the traditional method, ceiling limitation principles, traditional method with curative allocations, remedial allocation method, various operating rules in the Section 704(c) regulations and Section 704(c)(1)(C); anti abuse provisions, tax distribution considerations, and planning concepts.

• Paul H. Wilner, CPA, Partner, Grossberg Company

9:45 a.m.
Troubled Business Workouts
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.

• Audrey W. Ellis, Esq., Principal, PricewaterhouseCoopers
• James B. Sowell, Esq., Principal, KPMG

11:15 a.m.
Deferred Revenue in Partnership Transactions
This session explores the treatment of deferred revenue in partnership transactions, including distributions of the associated cash, transfers of interests in partnerships that have deferred revenue, and contributions to partnerships that have deferred revenue.

• Steven Gilbert, Esq., Managing Director, Deloitte Tax
• Jennifer Ray, Esq., Principal, Deloitte Tax

12-1:00 p.m.
Networking Luncheon

1:00 p.m.
Post Luncheon Panel: 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 and Counsel, The Real Estate Roundtable

2:00 p.m.
Creative Planning for Cross-Border Real Estate Investment
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.

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

3:30 p.m.
Lease Modifications
This panel addresses issues arising in leasing transactions, including identifying a true lease, tax issues that arise with stepped or deferred rent, leasehold improvements, landlord work letters and other inducements, and tax treatment of lease terminations.

• Glenn. M. Johnson, Esq., Principal, EY
• Robert D. Schachat, Esq., Managing Director, BDO USA

NYU School of Professional Studies
For more than 87 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 22 graduate degrees, 14 bachelor’s degrees for traditional and degree completion students, four associate 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; financial planning; global affairs and global security, conflict, and cybercrime; global sport and sports business; publishing; executive marketing and strategic communications, integrated 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’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 39,000 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.