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Making the Most of Tax Incentives

Venue

This is a virtual event, accessible over the phone. Access instructions will be provided after registration.

Description

From Qualified Opportunity Zones (QOZ) to renewable energy credits, there is a wide range of tax incentives available to corporate tax executives. However, varying deadlines and sunset provisions make it tricky to understand how to leverage the opportunities. Our subject matter experts will highlight overlooked credits as well as common pitfalls.

Educational Objectives:

• Gain practical insights around QOZs: timelines, investment structures, exit considerations
• Understand how QOZ incentives can enhance investments in operating businesses and infrastructure located in low-income communities
• Learn about Investment Tax Credit (Solar, Wind, Biofuels) and Production Tax Credit (Wind Clean Coal, Carbon Sequestration)
• Understand how tax incentives can be combined and how risks associated with tax credits can be mitigated

Who would benefit most from attending this program?

• Corporate tax professionals
• Corporate Tax Attorney/Counsel, Controller/Comptroller, CPA/Accountant, General Counsel

Presenters

Gary Blitz
  • Co-CEO, Mergers & Acquisitions and Transaction Solutions
  • Aon

Gary P. Blitz is Co-CEO of Aon Mergers & Acquisitions and Transaction Solutions, with primary responsibility for Tax Insurance and other Transaction Solutions. The Transaction Solutions practice is the leading insurance broker for Transaction Liability Insurance (TL), including Reps and Warranties Insurance (aka M&A Insurance), Tax Insurance and bespoke transactional insurance solutions.

The Tax Insurance practice specializes in the placement of tax insurance programs for M&A transactions, tax credit investments and other situations. Gary advises clients purchasing TL insurance programs and is often called upon to create unique solutions where no “off the shelf” product exists. Throughout Gary's career, he has been a leader in the tax and transactional insurance business. Gary played an instrumental role in the development of Reps and Warranties Insurance and Tax Insurance and the growth of TL generally.

Gary joined Aon after a twenty-year legal career at firms, including Mintz Levin and predecessors of DLA Piper and Katten Muchin Rosenman. Gary also founded ML Insurance Strategies, and Kingswood Group, a tax credit insurance underwriter.

Gary graduated from the University of Michigan School of Business Administration with a B.B.A. with Distinction and from New York University School of Law with a J.D. He is a member of the New York State and District of Columbia Bars.

Alan Kornstein
  • Partner
  • McCarter & English

Alan F. Kornstein is a Partner in McCarter & English, LLP in Newark, New Jersey, where he concentrates his practice in tax planning and tax disputes involving complex commercial and personal transactions. He regularly advises clients on the organization, financing, operation and sale of business and investment entities, with particular emphasis on equity-raising transactions, joint ventures, mergers and acquisitions, business restructurings, tax-free organizations, real estate transactions, “business divorces” and insolvency situations. He also represents individuals, partnerships and corporations involved in tax disputes with the Internal Revenue Service and the New Jersey Division of Taxation.

Admitted to practice in New Jersey and New York, and before the United States District Court for the District of New Jersey and the United States Tax Court, Mr. Kornstein is a past Chair of the New Jersey State Bar Association’s Taxation Law Section.  He is a member of the Section’s Executive Committee and Past Chair of the Section’s Partnership Tax Committee and of the Tax, Trust & Estates Committee of the Essex County Bar Association.  The recipient of several honors, he is a frequent lecturer at seminars and conferences on tax-related topics and has served as an adjunct professor in the Professional Accounting Program at Rutgers Business School since 2017.

Mr. Kornstein received his B.A., cum laude, from Yale University, his J.D. from the University of Pennsylvania Law School and his LL.M. in Taxation from New York University School of Law.  He received his M.B.A. from the Wharton School, University of Pennsylvania.

Alan Tarr
  • Co-Chair, Tax
  • Loeb & Loeb

Alan Tarr’s clients include a broad range of companies and individuals. His practice focuses on tax planning for business transactions, including acquisitions and dispositions of businesses, reorganizations, utilizing partnerships and limited liability companies, tax benefits for renewable energy, sophisticated real estate transactions, executive compensation, state and local taxation and audits and tax controversies.

Jonathan Tower
  • Managing Partner
  • Arctaris Impact Investors

Jonathan is the Founder and Managing Partner of Arctaris, an impact investment firm which manages the Arctaris Opportunity Zone Fund (2019), the Arctaris Impact Fund (2018), and three predecessor Arctaris funds. He invests in growth-oriented operating businesses and infrastructure, with heavy emphasis on underserved communities.  Founded in 2009, Arctaris has partnered with the Kresge Foundation, Harvard Business School Professor Michael Porter’s Initiative for a Competitive Inner City, and multiple other foundation, federal and state government agency partners to invest in Opportunity Zones and other underserved communities, with the aim of delivering above-market investment returns alongside social impact.

Jonathan has 20 years of experience investing in private equity and private debt, including three interim Chief Executive Officer roles in private equity-backed companies. He has invested and worked closely with portfolio companies in the manufacturing, technology, and services industries to achieve their growth objectives, including Xoom (IPO and subsequently acquired by PayPal for $1 billion), Capterra (acquired by Gartner), Verid (acquired by EMC), QuoteShip (acquired by ICGE), and Moguldom Media (acquired by InteractiveOne).  He has published articles on corporate finance, derivatives and risk management in Bloomberg News, Bloomberg Magazine, International Herald Tribune, and the New York Times.

Jonathan received an M.B.A. from Harvard Business School in 2002 and B.A. in English and Mathematics from Georgetown University in 1996.

Olga Zelenova
  • Vice President, Accounting and Finance
  • Sol Systems

Olga oversees FP&A and accounting functions for Sol Systems. Previously, Ms. Zelenova served as an Accounting Manager at Silver Ridge Power (formerly AES Solar) where she oversaw and coordinated financial and reporting function, tax accounting and consolidation process between local GAAPs, IFRS and the US GAAP for multiple international projects located in 9 countries with a fleet of over 350 solar plants. Additionally, she spent 5 years with PricewaterhouseCoopers, LLP in Consumer Industrial Products and Services. Ms. Zelenova holds an MBA from the McDonough School of Business, Georgetown University and a B.A. degree in International Business from Lakeland College, WI.

Moderator: Karen Brown
  • Theodore Rinehart Professor of Business Law
  • George Washington University School of Law

Karen Brown is the Theodore Rinehart Professor of Business Law at the George Washington University School of Law. Before joining the Law School faculty, Professor Brown was a Professor of Law at the Brooklyn Law School and at the University of Minnesota where she was the Julius E. Davis Professor of Law for 1995–96 and received the Stanley V. Kinyon Award for excellence in teaching in 1997. At the University of Minnesota she also served as Associate Dean for Academic Affairs from 1995 to 1997. Before beginning her teaching career, Professor Brown was a Trial Attorney for the U.S. Department of Justice, Tax Division, and an associate at Steptoe & Johnson in Washington, DC.

Professor Brown’s teaching and scholarship interests are in the areas of income, corporate, and international taxation. She has co-written a book on international tax transactions and co-edited a book on tax reform. Karen holds a LL.M., New York University, a J.D., New York University and a B.A. Princeton University.

Continuing Education

Credits:
1.2 CPE, 1.0 General COA, 1.0 CLE
Practice Areas:
Field of Study: Taxes
Level:
Basic
Production Date:
01/03/2020