InstructorTerri Hays
TypeOnline Course
Buy NowBook Now

Tuition Options


PracticeEdge Elite™

Standard Tuition $400 US

Senior Fellow Jonathan Brose, LL.M, JD, Partner, Seward & Kissel

This course will cover the tax topics that we believe will be the most important to investment funds and their managers as the industry heads into 2016. Much of the course will be a discussion of a number of important developments that occurred in 2015 and are still being absorbed by the investment fund industry and their tax advisors. We hope that participants will come away with a better understanding of the future challenges they will face in what promises to be an increasingly complex tax world for investment funds.

The most significant development probably is the recently passed legislation altering the federal audit procedures for partnerships. For the first time there will be the possibility of federal income taxes being imposed on a partnership as an entity. The legislation was somewhat of a surprise to the industry, and could have many implications for both operative and disclosure documents going forward. Treasury will need to enact what are sure to be extensive regulations before a clearer picture emerges of the full scope of the impact of this legislation on the funds industry.

Contact Advisor





Students shall discover the following topics:

• Partnership Audit Changes.
• Disguised Compensation Regulations.
• Final Swap Withholding Regulations.
• Basket Options.
• Section 305(c).
• Poppe v. Comm’r (trader v. investor issue).
• Sands v. Comm’r (self-employment taxes).
• State and Local Developments (nexus based sourcing; NYC/NYS corporate tax reforms).
• Common Reporting Standards.

Contact Advisor

Senior Fellows from Practice:

  • Jonathan Brose, LL.M, JD, Partner, Seward & Kissel
  • Seda Livian, CPA, Partner, Asset Management, Financial Services – Tax, Ernst & Young


Contact Advisor

Accreditation Information

CLE Information

Credit Hours: 4
Subject Area: Professional Practice
States: Contact Curriculum Advisor For More Information

CPE Information

Credit Hours: 6
Subject Area: Accounting
States: Contact Curriculum Advisor For More Information

Course ID Number:  8394

Contact Advisor

Alabama: Approval of all web based programs is limited to a maximum of 6.0 credits.

Arizona: Does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. RCA programs may qualify for credit based on the requirements outlined in the MCLE Regulations and Ariz. R. Sup. Ct. Rule 45.

Iowa: The approval is for one year from recorded date. Does not approve of Audio-only On-Demand Webcasts.

Missouri: On-demand web programs are restricted to six hours of self-study credit per year. Self-study may not be used to satisfy the ethics requirements. Self-study can not be used for carryover credit.

New Hamphsire: The approval is for three years from recorded date.

New Mexico: On-Demand web programs are restricted to 4.0 self-study credits per year.

New York: Newly admitted attorneys may not take non-traditional course formats such as on-demand Web Programs or live Webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.

North Carolina: A maximum of 4 credits per reporting period may be earned by participating in on-demand web programs.

Ohio: To confirm that the web program has been approved, please refer to the list of Ohio’s Approved Self Study Activities at Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.

Oklahoma: Up to 6 credits may be earned each year through computer-based or technology-based legal education programs.

Pennsylvania: PA attorneys may only receive a maximum of four (4) hours of distance learning credit per compliance period. All distance learning programs must be a minimum of 1 full hour.

Rhode Island: Audio Only On-Demand Web Programs are not approved for credit. On-Demand Web Programs must have an audio and video component.

Tennessee: The approval is for the calendar year in which the live program was presented.

Virginia: All distance learning courses are to be done in an educational setting, free from distractions.

Wisconsin: Ethics credit is not allowed. The ethics portion of the program will be approved for general credit. There is a 10 credit limit for on-demand web programs during every 2-year reporting period. Does not approve of Audio-only On-Demand Webcasts.

Iowa, Mississippi, Oklahoma, and Wisconsin DO NOT approve Audio Only On-Demand Web Programs.

If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.

If applicable, the RCA will apply for credit in your state upon request.