American Recovery and Reinvestment Act Tax Provisions of 2009
Product Code - TMAU02
Speaker(s): Naveen Parmar, Joseph Ecuyer, Robert Herman, Warren Joseph
Agenda
In response to these unprecedented economic times, Congress recently passed the 2009 American Recovery and Reinvestment Act. The tax provisions of the Act are designed to provide tax relief for families and businesses, create jobs, and create incentives in alternative energy sources.
This presentation discusses these tax provisions with particular emphasis on new Code provisions, planning opportunities, and the specific choices to be made among competing tax benefits. In addition, this presentation provides interesting insight into background information regarding the inclusion and rejection of certain tax benefits and the direction of future Code amendments.
Presentation Objectives:
This webinar, recorded on March 20, 2009, provides participants with a conceptual understanding and practical application of the following:
• New credits applicable to individuals/families as well as the expansion and extension of existing credits
• Investment incentives for businesses relating to bonus depreciation, increased expensing, deferral of discharge of indebtedness income, NOLs, and credits for hiring certain workers
• Provisions for new recovery zone bonds and other new tax credit bonds
• Renewable energy incentives including expansion and extension of existing credit
• Targeted higher education benefits
Upon completion of this program, participants will be able to:
• Recognize and understand the various provisions of the American Recovery and Reinvestment Tax Act of 2009
• Identify the particular tax incentives and planning opportunities applicable to their clients
Speakers
Naveen Parmar, Joseph Ecuyer, Robert Herman, Warren Joseph
Naveen Parmar
Naveen Parmar is currently the tax counsel for the Committee on Small Business and has served in that role since July 2007. In his capacity as the Committee’s tax counsel, Mr. Parmar steers the Committee’s tax agenda by focusing on numerous small business priorities. In the 110th Congress, the Committee played a leading role in developing tax policy that promoted small business entrepreneurship, simplification, modernization of the tax code, and pension and retirement reform. To that end, the Committee held hearings, drafted legislation, issued reports, and worked closely with the Ways and Means Committee to ensure that the small business perspective was heard with respect to tax policy items. Prior to joining the Committee, Mr. Parmar worked for the Bureau of National Affairs Tax Management team, providing guidance to tax lawyers and businesses across the U.S. Mr. Parmar received his law degree from Loyola University in New Orleans, Louisiana and an LL.M in taxation from the Georgetown University School of Law.
Joseph J. Ecuyer
Joseph J. Ecuyer earned a B.S. in Accounting from Louisiana State University, a J.D. from the University of Michigan Law School and an LL.M. (in Taxation) from New York University. After graduating, Mr. Ecuyer worked as a Judicial Law Clerk for Judge David Laro of the United States Tax Court. After years in private practice in New Orleans in both the tax and ERISA areas, Mr. Ecuyer joined BNA in 2005, where he is currently a Tax Law Editor with the U.S. Income group.
Warren Joseph
Warren Joseph is a member of Tax Management’s U.S. Income Group, where he specializes in energy and natural resources tax issues. Warren came to Tax Management in 2005 after retiring from the IRS Office of Chief Counsel. He is a member of the Maryland bar.
Robert G. Herman has been Federal Tax Editor at BNA since 1999, specializing in exempt organizations and US Income. Bob earned a B.S. degree I took from Liberty University and his J.D. from Willamette University College of Law.
Robert Herman