2 Dec.

2020 investment management year-end tax update

Investment Management

Wednesday, 01:00 p.m.  ET | 1 hr
Credits offered: CPE Event language: English

Participants will review some of the most critical tax areas requiring their attention.

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Key takeaways

Host: Ted Dougherty, partner, Deloitte Tax LLP

1 Overview CPE credit | Taxes

Nearing the end of 2020, investment managers should reflect on lessons learned from dramatic market movements, unprecedented government stimulus, and a presidential election cycle—all of which created uncertainty. What are critical areas to look at and what approaches should be considered for both finalizing tax year 2020 and beginning tax year 2021 planning? We'll discuss:

  • The continuing impact of government stimulus in a tax context.
  • The likely tax outcomes based on the presidential election.
  • Open questions and industry issues from tax reform and current regulatory items.

Meet the speakers

Ted Dougherty

Ted Dougherty

Hedge Fund and Tax Investment Management Leader

Ted leads Deloitte’s US Hedge Fund practice and is the national Tax leader for hedge funds. Ted deals with complex tax issues and has led the industry in assessing the impact and implementation of ASC 740 (formerly FIN 48) and FATCA. In addition to these roles, Ted also leads the National Tax Compliance Standardization program for hedge funds and private equity funds.

Jim Calzaretta

Jim Calzaretta

Partner | Deloitte Tax LLP

Jim specializes in tax consulting and compliance for partnerships and S corporations. He has been very active in restructuring projects that include preparing a partnership for a public offering. He regularly consults on various acquisitions, including asset-versus-equity transactions and joint venture arrangements, profit and loss allocations, cash flow modeling, and tax deferral planning, choice of entity including conversions between C corporation and S corporation, and S corporation sale transactions. In addition to his client service role, Jim is the operations leader for Washington National Tax, the technical leader of Deloitte Tax’s Pass throughs competency group and has held several additional firm leadership roles, including Deloitte Tax Diversity and Inclusion leader for the Midwest region, and inaugural dean of Deloitte Tax’s innovative Dbriefs U, a program designed to provide supplemental tax and career learning to students at top-ranked universities. Jim is a past chair of the American Institute of CPAs task force on Trust Accounting Income and a frequent lecturer on partnership taxation matters at national programs such as those sponsored by Tax Executives Institute and Internal Revenue Service National Forum. He is an active member of National Association for Real Estate Investment Trusts and is a past board member for Special Olympics Illinois. Jim earned a BS in accounting and finance from University of Illinois at Urbana and an MS in taxation from DePaul University.

Wendy Diamond

Wendy Diamond

US Family Enterprise Leader

Wendy serves as the US Family Enterprise leader. In this role, she works closely with first generation and multi-generational owned businesses and their owners to help them identify and navigate the unique characteristics and needs of family enterprises. Wendy also partners across all of the functions to identify service offerings most relevant to family enterprises. Additionally, she contributes to thought leadership efforts to differentiate Deloitte’s Family Enterprise practice and enhance our brand in the US and global marketplace. Wendy also leads the Private Wealth Tax sector of the Investment Management industry practice. In this role, she works with colleagues nationally to develop and deliver innovative tax offerings related to income, gift, and estate tax planning matters for Private Wealth clients. Her clients include family offices, investment vehicles, closely-held operating businesses, and ultra-high net worth families who have complex investments both in the US and abroad.

Dbriefs resources

Wednesday, 2 Dec 2020 01:00 p.m. ET
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