New York University 78th Institute on Federal Taxation

VOLUME 1 

PART I: EXECUTIVE COMPENSATION & EMPLOYEE BENEFITS (

S 1–2) 

 1 The 2017 Tax Act’s Excise Tax on Tax-Exempt Organizations’ Executive Compensation Payments 

HELEN H. MORRISON 
STEPHEN LaGARDE 

 2 Inbound Immigration Planning: Stepping Up Tax Basis 

MICHAEL J. MILLER 
LEONARD SCHNEIDMAN 

 2A Structuring and Financing Foreign Acquisitions 

SAM KAYWOOD 
BRIAN HARVEL 

 3 A Guide to Understanding the U.S. Tax Consequences of Foreign Person Investing in U.S. Real Property 

ALAN I. APPEL 
SEAN J. TEVEL 

PART II: CORPORATE TAX (

S 4–6) 

 4 Choice of Entity Two Years After the Tax Reform – A Guide to Key Considerations and an Examination of Selected Taxpayer Responses 

PAMELA LAWRENCE ENDRENY 
RYAN S. ROTT 

 5 Corporate Finance Considerations after Tax Reform 

JEFF MADDREY 

 6 No Claim, No Gain 

ROB HOLO 
DAN SCHOENBERG 

PART III: PARTNERSHIPS, LLCs AND REAL ESTATE (

S 7-11) 

 7 Treatment of Real Estate Owners, Developers and Investors Under the New Carried Interest Provision 

BLAKE D. RUBIN 
ANDREA M. WHITEWAY 
MAXIMILIAN PAKALUK 

 8 New Limitation on Active Losses Under the 2017 Tax Act 

BLAKE D. RUBIN 
ANDREA M. WHITEWAY 
MAXIMILIAN PAKALUK 

 9 Partnership Tax Planning Under the New Bonus Depreciation Regulations 

BLAKE D. RUBIN 
ANDREA M. WHITEWAY 
MAXIMILIAN PAKALUK 

 10 Opening Pandora’s Box: Who is (or Should be) a Partner? 

ERIC SLOAN 

 11 Hot Like-Kind Exchange Issues 

BRADLEY T. BORDEN 

PART IV: CLOSELY HELD BUSINESSES (

S 12–15A) 

 12 The Road Between Sub

 C and Sub

 S – It May Be A Well-Traveled Two Way Thoroughfare, But It Isn’t Free of Potholes and Obstacles 

LARRY J. BRANT 
C. WELLS HALL, III 

 13 Qualified Opportunity Zones 

STEVEN P. BERMAN 
LOUIS S. WELLER 

 14 Effective Succession Planning Strategies for Owners of the Successful Pass-Through Business Entity 

STEPHEN M. BREITSTONE 
MARY P. O’REILLY 
JEROME M. HESCH 

 15 The Application of Section 199A to Owners of Pass Through Entities 

JERALD DAVID AUGUST 
RONALD A. LEVITT 
STEPHEN R. LOONEY 

VOLUME 2 

PART IV: CLOSELY-HELD BUSINESSES (CONTINUED) 

 15A [Sometimes] Nontaxable Contributions of Property to a Partnership 

TERENCE FLOYD CUFF 

PART V: TRUSTS & ESTATES (

S 16-20) 

 16 Estate Planning Update 

SANFORD J. SCHLESINGER 
ANDREEA OLTEANU 

 17 State Income Taxation of Trusts – Due Process of Law After North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust 

C. WELLS HALL, III 

 18 Changing Trust Structures in the Modern World: Opportunities and Pitfalls 

JORDAN S. WEITBERG 

 19 Divorce – Minimize the Impact / Maximize the Leverage: What Every Professional Advisor Should Know 

SHARON L. KLEIN 

 20 Trends in the IRS’s Approaches to Transfer Tax Audits, Appeals and Litigation: How to Represent Clients and Draft Accordingly 

JOHN W. PORTER 

TABLES 
INDEX