Blake MacKay and Danny Reach will speak at this conference hosted by the American Bar Association (ABA) Tax Section.
Blake MacKay will serve as the chair and a panelist for the session “Employee Benefits Exempt Organization and Government Plans Update.” The panel will discuss timely topics impacting plans of tax-exempt and governmental entities, including recent guidance on 403(b) remedial amendment periods and other relevant updates.
Danny Reach will serve as a panelist for the session “Watts This? Does No Good Deed Go Unpunished?” The panelists will discuss the issues raised by the sale of the Edwin Watts golf store chain, including when an ordinary abandonment loss can be claimed on a partnership interest, when a taxpayer can affirmatively apply the doctrine of substance over form, how forgone gain is to be treated for income tax purposes, and when reliance on an accountant’s determination of ordinary abandonment loss can be relied on to defeat penalties.
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