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Carol P. Tello, Partner, Sutherland Asbill & Brennan LLP to Speak at KC’s Understanding the IRS New Contract Manufacturing Rules on 2/23/2010


Carol P. Tello, Partner, Sutherland Asbill & Brennan LLP to Speak at KC’s Understanding the IRS New Contract Manufacturing Rules on 2/23/2010

The Knowledge Congress | 23 Nov 2009

The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Carol P. Tello, Partner, Sutherland Asbill & Brennan LLP will speak at the Knowledge Congress’ webcast entitled: “Understanding the IRS New Contract Manufacturing Rules”. This event is scheduled for February 23, 2010 at 12:00 PM - 2:00 PM ET. (For further details, please visit: http://www.knowledgecongress.org/event_2010_Understanding_IRS.html)

Event Synopsis:

The Treasury and the IRS are in the process of finalizing the laws concerning contract manufacturing arrangements as per the anti-deferral regime Subpart F. Set to take effect for tax years of foreign controlled companies beginning after June 30th, 2009, the new guidance aims to update and modernize the contract manufacturing regs under Subpart F. While the Regs are generally well received by tax payers, there is much confusion surrounding key areas such as: retention of the fundamental approach, clarification of personal property sale issues, and turnkey CFC’s to name a few.

A panel of key thought leaders and contract manufacturing experts will discuss the final guidance and its impact on your firm. Understanding the IRS New Contract Manufacturing Rules Live Webcast is for companies who utilize contract manufacturing arrangements seeking to understand the fundamentals of and how it may apply to their company.

About Carol P. Tello

Carol Tello is a member of Sutherland’s Tax Practice Group and focuses primarily on international tax matters. Her practice includes a broad range of cross-border tax planning and Internal Revenue Service (IRS) controversy matters for both business entities and individuals. Much of her work has been for insurance companies in the cross-border context. She has particular experience in cross-border restructuring transactions, inbound corporate transactions, withholding matters, and treaty interpretation issues, as well as cross-border taxation of corporate executives and the U.S. taxation of non-U.S. citizens. She also advises clients on tax issues involving intellectual property transactions.

Her prior experience includes service in the IRS Office of Associate Chief Counsel (International) and as a Special Assistant to the Assistant Commissioner (International). While at the IRS, she participated in a number of income tax treaty negotiations, was the IRS National Office adviser in several Tax Court cases, and worked on various regulations and other guidance, including significant participation in developing regulations concerning the taxation of software transactions.

About Sutherland

Sutherland Asbill & Brennan LLP is a law firm with global reach known for solving challenging business problems and resolving sophisticated legal issues for many of the world’s largest companies. Founded in 1924, the firm handles matters throughout the United States and worldwide. Seven major practice areas—corporate, financial services, energy and environmental, intellectual property, litigation, real estate, and tax—provide the framework for an extensive range of focus areas, allowing Sutherland attorneys to serve a diverse client base that ranges from small and medium-sized start-up businesses to a significant number of Fortune 100 companies.

For more information about Carol P. Tello, and Sutherland, please visit: http://www.sutherland.com/

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.” To contact or to register to an event, please visit: www.knowledgecongress.org.

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