North Coast Executive Consulting

What Every Tax Adviser Needs to Know about Hedge Funds sprd by Howard Wershbale & Co.

Date: Tuesday, December 13, 2011
Time: 12:00 PM - 1:30 PM
Location: The City Club - 850 Euclid Ave.
Speaker: Paul S. Lee, JD, LL.M.

LOCATION: The City Club, 850 Euclid Ave., Cleveland (Reduced parking fees are available on a space-available basis at Ampco Euclid Gateway Garage (740 Euclid Ave, entrances on Euclid & Prospect) to those that enter after 11:01 am and exit before 2:29 pm.  Guests must present ticket to The City Club for validation.)

About the program…
Individuals, corporations, and non-profits are increasingly investing in hedge funds, and need to understand the tax and other risks such investments may carry. They are looking to tax practitioners for advice in this emerging area. This presentation discusses: (i) how hedge funds are structured; (ii) what strategies hedge funds deploy to generate returns; (iii) the taxation of financial derivatives; (iv) the myriad of income, partnership, international, estate & gift tax considerations; (v) the interplay of the constructive sale & straddle rules; and (vi) the specific investment risks that are inherent in hedge funds.

Paul S. Lee is a national managing director of Bernstein Global Wealth Management, a position he assumed in 2006; he is also a member of the firm’s wealth management group, which he rejoined in 2008 after previously being a managing director in the London and New York offices. Prior to joining the firm in 2000, he was a partner in the Atlanta-based law firm of Smith, Gambrell & Russell, LLP. Mr. Lee received a BA, cum laude, in English and a BA in chemistry from Cornell University, and a JD, with honors, from Emory University School of Law, where he was notes and comments editor of the Emory Law Journal; he also received an LLM in taxation from Emory University. Mr. Lee was the recipient of the Georgia Federal Tax Conference Award for Outstanding Tax Student and the Ernst & Young Award for Tax and Accounting. A frequent lecturer and panelist on investment planning and tax and estate planning, Mr. Lee has spoken at the Heckerling Institute on Estate Planning, the ACTEC National Meeting, the ABA Tax-RPTE Joint National CLE Conference, the Southern Federal Tax Institute, the USC Institute on Federal Taxation and the Notre Dame Tax and Estate Planning Institute. His articles have been published by The ACTEC Law Journal, BNA Tax Management Estates, Gifts & Trusts Journal, BNA Tax Management Memorandum, The Practical Tax Lawyer, Major Tax Planning, Trusts & Estates and the Emory Law Journal.

Michael T. Novak, CPA, PFS, AEP®, Program Chair

Reservation Policy – All attendees are encouraged to register in advance and walk-in reservations will be accepted on a space-available basis only.  Meeting cost is $20 for members when paid in advance before noon 12/12/11.   Meeting cost is $30 for members at the door and $30 for guests.  If you reserve and are unable to attend, please call the office to cancel by noon 12/12/11 to avoid a no-show reservation billing.

New this season!  Purchase a table at the monthly luncheon… $200 / six guests. 
(Submit names to
admin@epccleveland.org by 12/12/11)

Continuing Education – EPC Cleveland will request credit for this program from the CFP® Board of Standards for CFP® designation holders.  In addition, a certificate of completion will be available for those CTFAs, CPAs, and CWS designees that feel the program satisfies their continuing education requirements. 

To reserve click "RSVP Now!" below.

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