Tax Conference, 31st Annual 8:00am—9:00am Seminar Schedule Continental Breakfast, Exhibitor Showcase, and Registration 8:00am—9:00am Optional Morning Session: Accounting and Auditing for Income Taxes * overview of impact on financial statements * transaction considerations * uncertain tax positions * impact of tax law changes See page 1-1. Melissa Gagacki Plante & Moran PLLC Toledo, OH 8:00am—9:00am Optional Morning Session: Section 280E Planning and Considerations * Overview of section 280E and the disallowance of the deduction of expenses paid or incurred in carrying on a trade or business in "trafficking" in certain controlled substances * Application of Section 280E to Michigan medical cannabis businesses See page 2-1. James H. Combs Tax Conference Planning Chair Honigman Miller Schwartz and Cohn LLP Detroit William C. Lentine Dykema Bloomfield Hills Alexander M. Leonowicz Howard & Howard Attorneys PLLC Royal Oak 9:05am—9:15am 11:30am—12:30pm Welcome and Introductions Federal Income Tax Committee Andrea D. Crumback The Impact of Federal Tax Reform on You Mika Meyers PLC and Your Clients Grand Rapids * Overview of the key federal provisions * Pass-through entities-- QBID and entity Carolee Kvoriak Smith choice CMS Energy Corporation * Everything lawyers should review with clients Jackson including operating agreements * Impact on international tax 9:15am—10:15am Plenary Session * Guidance that’s been issued and where it’s still needed Washington Update: Current Tax * State responses to tax changes Legislative Developments See page 5-1. * future budget outlook Smitha Hahn * trends in U.S. taxation Ernst & Young LLP * legislative outlook Detroit * impact of tax reform See page 3-1. 11:30am—12:30pm Patrick Robertson Federal Income Tax Committee Managing Director, Strategic Communications Tax Issues Relating to Cybersecurity FTI Consulting Incidents and Data Breaches Washington, DC * basics of data breaches every lawyer should understand 10:15am—11:15am * non-tax legal issues including state and federal Plenary Session notification requirements A View from the Tax Court * IRS and tax consequences when a client * calendars and trial sessions – the court’s experiences a data breach perspective * preventative and remedial steps for incident * best practices for the bench and the bar response * behind the scenes of opinion drafting See page 6-1. * your questions answered John W. Mashni See page 4-1. Foster Swift Collins & Smith PC Hon. Ronald L. Buch Lansing United States Tax Court Washington, DC 12:30pm—1:30pm Networking Lunch 11:15am—11:30am Vendor Showcase and Networking Break 1:30pm—2:30pm Douglas J. Upton State and Local Tax Committee Mayer Brown LLP State Tax Commission Updates and New York, NY Property Tax Developments * caselaw 2:40pm—3:40pm * new bulletins Federal Income Tax Committee * new procedures Employee Benefit Options for Small See page 7-1. Employers * Heather S. Frick general benefit-related concerns Executive Director * retirement benefit options State Tax Commission * health and welfare benefit options Lansing * legal reminders See page 10-1. 1:30pm—2:30pm Mindi M. Johnson Federal Income Tax Committee Foster Swift Collins & Smith PC Controversial Tax Issues in Business Grand Rapids Valuation for Estate and Gift Tax Purposes Claire Larson * prominent issues scrutinized by the IRS Chemical Bank Wealth Management * valuing S corporations and other pass- through entities Grand Rapids * treatment of built-in capital gains taxes 3:40pm—3:50pm See page 8-1. Vendor Showcase and Networking Break Aaron M. Stumpf, CPA/ABV Managing Director 3:50pm—4:50pm Stout Risius Ross Plenary Session Chicago, IL Michigan Tax Policy and Administration * where do we go from here? 2:30pm—2:40pm * tax policy issues in Lansing Vendor Showcase and Networking Break * improving the administration of the state and local tax system 2:40pm—3:40pm State and Local Tax Committee See page 11-1. Nick A. Khouri Nationwide State Tax Developments Michigan Department of Treasury * Nexus update Lansing * Section 482 at the state level * apportionment issues 4:50pm—6:00pm * treatment of net operating losses Networking Reception and Drawing (Must * pass-through/disregarded entity review Be Present to Win at 5:15) See page 9-1. Leah Robinson Mayer Brown LLP New York, NY About the Institute ICLE is committed to being Your Partner in Practice. We strive to give you the support and resources you need to do the best job for your clients and to be successful at every stage of your career. We are the leading provider of how-to solutions that harness the wisdom of Michigan’s leading practitioners. Our practical tools save you time and give you confidence in the advice you’re giving. 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The Institute of Continuing Legal Education 1020 Greene Street Ann Arbor, Michigan 48109-1444 Phone: 877-229-4350 | Fax: 877-229-4351 | www.icle.org Copyright © 2018 The Institute of Continuing Legal Education The Institute of Continuing Legal Education offers an educational program for lawyers in practice. Seminar materials prepared by speakers are published in furtherance of that goal at the time of the live program. These materials are not edited, and case citations are neither checked nor Shepardized. Certain statutes, etc., may be amended or overruled following a seminar presentation and/or purchase of these materials. Lawyers should use the materials as a starting point for their research; the primary source, i.e., the case, statute, or court rule should be consulted. Seminar material authors are free to express legal interpretations and opinions; however, accuracy may vary. These interpretations and opinions do not reflect in any way a position of the Institute, its Executive Committee, or its sponsoring organizations—The State Bar of Michigan, The University of Michigan Law School, Wayne State University Law School, University of Detroit Mercy School of Law, Western Michigan University Thomas M. Cooley Law School, and Michigan State University College of Law. The Institute of Continuing Legal Education 2017-2018 Executive Committee Paul D. Reingold Clinical Professor of Law & Director, Civil-Criminal Litigation Clinic, The University of Michigan Law School, Ann Arbor (Chairperson) Laura B. Bartell Professor of Law, Wayne State University Law School, Detroit Gary P. Bauer Professor, Western Michigan University Thomas M. Cooley Law School, Lansing Ted Becker Clinical Professor of Law & Director, Legal Practice Program, The University of Michigan Law School, Ann Arbor Miriam L. Blanks-Smart Department of Administrative Hearings, Detroit J. Richard Broughton University of Detroit Mercy School of Law, Detroit Katie Lynwood Buhl Little Lynwood & Harris PLC, East Lansing Sanjukta Paul Wayne State University Law School, Detroit Hon. Michael J. Riordan Michigan Court of Appeals, Detroit David A. Santacroce Clinical Professor of Law & Associate Dean, Experiential Education, The University of Michigan Law School, Ann Arbor Howard T. Spence Spence & Associates Consultants, Lansing Charles Ten Brink Associate Dean, Library & Technology Services, Michigan State University College of Law, East Lansing Virginia Thomas Director, Arthur Neef Law Library, Wayne State University Law School, Detroit Nancy E. Vettorello Clinical Assistant Professor of Law, University of Michigan Law School, Ann Arbor Janet K. Welch Executive Director, State Bar of Michigan, Lansing Steven L. Winter Walter S. Gibbs Distinguished Professor of Constitutional Law, Wayne State University, Detroit David R. Watson, Ex Officio Director The State Bar of Michigan The University of Michigan Law School Wayne State University Law School Western Michigan University Thomas M. Cooley Law School University of Detroit Mercy School of Law Michigan State University College of Law SECTION MEMBERSHIP APPLICATION FOR EXISTING BAR MEMBERS Please check the section(s) you would like to join and submit with prepayment. The membership year is October 1 to September 30. Membership begins immediately through September 30. SECTION NO. COST SECTION NO. 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