McGuireWoods business tax lawyers Gerald V. Thomas II, Sabrina N. Conyers, Carolyn Trenda and Janelle N. Darnell will speak on panels at the ABA Tax Section annual fall meeting. The meeting is attended by leading tax lawyers and government officials.
Thomas, an Atlanta partner and McGuireWoods’ Tax & Employee Benefits Department chair, will participate in a panel titled “Investor Versus Dealer in Sales of Real Property.” Panelists will address when property is treated as held for sale to customers in the ordinary course of business and gain on sale is treated as ordinary income, and special issues for tax-exempts. He chairs the ABA Section of Real Property, Trust and Estate Law’s Partnerships and Limited Liability Companies Committee.
Conyers, a partner in Charlotte and vice chair of the Real Estate Committee, will moderate a session titled “The Wonderful World of Tax Insurance.” The session will cover tax insurance, tax issues that are covered or excluded, how premiums are calculated, when tax insurance may be worth considering, and tips for representing a buyer or seller when there will be tax insurance.
Trenda, a Chicago partner and vice chair of the Tax Section Employee Benefits Committee, will moderate a session titled “Medical Travel Tourism: Before and After Dobbs v. Jackson Women’s Health Organization,” which will address the historical background of employer plan coverage of medical travel tourism — including welfare plan design, compliance and employer concerns regarding expanding benefits — with emphasis on the impact of Dobbs on employer welfare plans.
Darnell, a Washington, D.C., associate who serves as senior vice chair of the Young Lawyers Forum and vice chair of the S-Corporation Committee, will co-lead a presentation titled “Important Developments in Federal Income Taxation of S Corporations.” The discussion will focus on recent legislative, administrative and judicial developments relating to S corporations and their shareholders.