2023 Federal Taxation Update - Part 2

Presented by the ISBA Federal Tax Section
3.0 hours MCLE credit, including 1.0 hour Professional Responsibility MCLE credit in the following category: Professionalism, Civility, or Legal Ethics credit


Original Program Date: February 10, 2023
Accreditation Expiration Date: April 19, 2025 (You must certify completion and save your certificate before this date to get MCLE credit)


This program offers practical advice on the federal tax law changes and updates that may impact your clients in the coming year. Tax law attorneys, trusts and estates counsel, civil practice lawyers, family law practitioners, and new lawyers with basic to intermediate practice experience who attend this program will better understand: how Centralized Partnership Audit Regime (CPAR) is impacting partnership tax examinations; the ethical issues Illinois tax counsel should be aware of; how filing Innocent Spouse may help a non-liable spouse receive relief from federal taxes; and much more.


Program Coordinator/Moderator:
Michael Raff, Brotman Law, Lincolnshire


ARDC Ethics in Tax Practice*
Discover the ethical issues facing Illinois attorneys – especially when merging your ethical obligations as a tax consultant and an attorney.
Rory P. Quinn, Illinois Attorney Registration and Disciplinary Commission, Chicago

Update on IRS Centralized Partnership Audit Regime
This presentation discusses the IRS’s implementation of the CPAR, which impacts both IRS Examinations and the manner in which we amend partnership tax returns, as well as how CPAR created the concept of an imputed underpayment, which functions as a partnership level income tax. The complexities surrounding these new procedures are discussed.
Colin J. Walsh, Baker Tilly, Wisconsin

A Review of Federal Innocent Spouse Provision in Tax Representation
Join us for this in-depth review of the “Innocent Spouse Relief” provisions in the federal tax code and its concomitant regulations. Learn how to help the requesting spouse (or former spouse) from joint and tax liability on equitable grounds, as well as when the tax is attributable to a non-requesting spouse’s bad behavior such as fraud, income concealment, income misstatement, and unwarranted expense deductions or tax credits.
Robert V. Schaller, Schaller Law Firm, P.C., Hinsdale

Originally presented as part of the 2023 Federal Taxation Update. Find more sessions in this series in the ISBA On-Demand CLE catalog

*Professional Responsibility MCLE credit

Pricing Information

  • Please Note: You must attend the entire program in order to earn MCLE credit for this seminar.     
  • Fees:
    • ISBA Member - $90 is displayed below when you login and program is eligible for Free CLE member benefit
    • Non-Member - $150
    • New Attorney Member (within the first five years of practice) - $25
    • Law Students - Free

2023 Federal Taxation Update - Part 1

Presented by the ISBA Federal Tax Section


3.0 hours MCLE credit


Original Program Date: Friday, February 10, 2023
Accreditation Expiration Date: ­­­­­­­­­­­­­­­­­­­­­­­­­March 23, 2025 (You must certify completion and save your certificate before this date to get MCLE credit)


This program offers practical advice on the federal tax law changes and updates that may impact your clients in the coming year. Tax law attorneys, trusts and estates counsel, civil practice lawyers, family law practitioners, and new lawyers with basic to intermediate practice experience who attend this program will better understand: how the 2022 Inflation Reduction Act has changed certain aspects of income tax; the changes to individual, partnership, and corporate tax law; how to advise your clients on gift and estate taxation; and much more.


Program Coordinator/Moderator:
Michael Raff, Brotman Law, Lincolnshire


Update on Individual, Partnership and Corporate Taxation
Join us as we provide an update on tax cases in the federal, individual, partnership, and corporate tax spaces.
Philip D. Speicher, Mathis, Marifian & Richter, Ltd., Belleville

Update on Gift and Estate Taxation
Get the information you need to advise your clients on tax regulations in the
gift and estate tax sectors.
Ryan A. Walsh, Croke Fairchild Duarte & Beres LLC, Chicago

Tax Impact of Inflation Reduction Act
This segment explores the impact of the Inflation Reduction Act (IRA) on common corporate transactions, particularly when a family business is sold to a large corporation.
John E. Rogers, Rogers and Associates, Evanston



*Originally presented as part of the 2023 Federal Taxation Update. Find more sessions in this series in the ISBA On-Demand CLE catalog.

Pricing Information

  • Please Note: You must attend the entire program in order to earn MCLE credit for this seminar.
  • Fees:
    • ISBA Member Price of $90 is displayed below when you login and program is eligible for Free CLE member benefit
    • Non-Member Price $150
    • New Attorney Member (within the first five years of practice) - $25
    • Law Students - Free

Roadmap of Venture Capital and Angel Funding, Part 1 - A National Perspective

Presented by the ISBA


1.0 hour MCLE credit


Original Program Date: July 07, 2022
Accreditation Expiration Date: ­­­­­­­­­­­­­­­­­­­­­­­­­April 17, 2025 (You must certify completion and save your certificate before this date to get MCLE credit)


Rapidly growing companies often raise capital in “angel” or venture capital transactions. Investors provide capital in exchange for carefully structured equity rights and frequently some form of governance rights. Investors also often provide the company with industry expertise, contacts, and access that may be as valuable as financial capital. These funding transactions can take a startup or more mature company to higher levels of growth. But they are complex transactions that can involve a dozen or more interrelated documents. This program will provide you with a practical guide to the stages and documentation of an angel or venture capital transaction.


Day 1 – July 07, 2022:

  • Current state of angel and venture capital markets & trends in deal terms
  • Review of the suite of documents involved in most funding deals
  • Methods of valuation and their impact on successive stages of investment
  • Reviewing or drafting terms sheets – pitfalls and opportunities
  • Angel investing – equity v. debt, common terms, impact on later venture capital funding


Speaker:

Howard Bobrow is a partner in the Cleveland, Ohio office of Taft Stettinius & Hollister LLP, where he chairs the firm’s venture capital practice. He counsels private equity and venture capital firms, other institutional investors and angel investors on all aspects of acquisitions, dispositions, capital formation and private placements. He regularly represents and advises funds on their organization and formation, the fundraising process, governance matters, investments and compliance with pertinent regulations. Mr. Bobrow earned his B.S. from Miami University and his J.D. from Case Western Reserve University School of Law.

Anthony Licata is a partner in the Chicago office of Taft Stettinius & Hollister LLP, where he formerly chaired the firm’s real estate practice. He has an extensive practice focusing on major commercial real estate transactions, including finance, development, leasing, and land use. He formerly served as an adjunct professor at the Kellogg Graduate School of Management at Northwestern University and at the Illinois Institute of Technology. Mr. Licata received his B.S., summa cum laude, from MacMurray College and his J.D., cum laude, from Harvard Law School.



The Rust Shooting: Should Alec Baldwin Be Charged with Manslaughter?

Posted on March 22, 2023 by Celeste Antoinette Niemann

On October 21, 2021, Alec Baldwin shot and killed cinematographer, Halyna Hutchins, while rehearsing a scene for the movie Rust. On January 21, 2023, the State charged Alec Baldwin with Involuntary Manslaughter. Critics have indicated that charges should not be filed since he reasonably believed the gun did not contain live ammunition.

Supreme Court Elder Law Commission to Host Listening Sessions

Posted on March 21, 2023 by Celeste Antoinette Niemann

The aging of the baby boom generation has made Elder Law one of the fastest growing areas for state courts. As a result, in April of 2022 the Supreme Court announced its establishment of a multidisciplinary Elder Law Commission to study ways in which state courts can better serve the needs of those in advancing years.  

The Illinois Practitioner Order for Life-Sustaining Treatment Form and Its Purpose: A Primer for Attorneys

Posted on March 17, 2023 by Celeste Antoinette Niemann

Join us for a comprehensive overview of the Illinois Practitioner Order for Life-Sustaining Treatment (POLST), as well as a look at how to approach this topic with clients when talking about health care advanced directives.