National Real Estate Conference - AICPA · National Real Estate Conference ... John Lacey, CPA,...

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hotel cutoff date: 10/5/2012

National Real Estate Conference

noVeMber 5-6, 2012 Bellagio Las Vegas, NV

Pre-Conference Value-Added WorkshopsSunday, November 4th

Get the latest updates on key industry issues, emerging trends, and new

opportunities in a sector that’s finally showing signs of growth.

Save

75 by 9/21/12

Early Bird Registration

$

Joe piscopo Spokesman, Boys & Girls Club, New Jersey

renowned keynote speaker

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Register by 9/21/12 SAVE $75!2

Interactive Sessions. Real-World Case Studies.

Broaden your network of contacts with industry roundtable discussions, a hot issues forum, and Q&A panels. Learn from real case studies, discuss emerging trends as you keep up-to- date on all the latest happenings and directions of today’s real estate industry.

Every day, there are more optimistic signs that the real estate market is slowly growing. Yet financial professionals are still faced with a myriad of daunting challenges, tight credit markets, and demanding clients who are looking for strategic solutions that will position them for success. The 2012 aiCpa national real estate Conference, the industry’s premier real estate event, zeroes in on those crucial challenges with recognized experts who provide the newest ideas, technologies, techniques and rules for success. The latest updates and issues in accounting, auditing, tax, and management are presented in four dynamic learning tracks.

Who Should AttendReal estate CFOs, controllers, finance managers, industry executives, CPAs in public practice, and senior management with real estate clients

four dynamic Tracks. Countless opportunities.This comprehensive two-day conference offers four specific tracks: industry: provides diverse coverage of the issues, particularly for CFOs and controllers accounting/tax: provide updates and technical knowledge needed by CPAs and financial professionals to understand the latest accounting and tax issues relevant to the industry – particularly in this economic environment emerging issues: specialized technical training on diverse issues impacting the industry today

With a “who’s who” list of top industry speakers, this is one conference you don’t want to miss!

Real Estate Tax Update Government Programs – Credits and Incentives that Continue to Fuel Development

REITs: A Practical View of a Complex Topic

Lease Accounting Update State & Local Tax Update

Hot Topics

Leading experts provide valuable insights, strategies, and solutions to help you

succeed in the ever-evolving real estate industry.

*be sure to supply a valid email address when registering. Instructions to access the speaker materials and website are distributed via email approximately two weeks prior to the start of the conference. Also, add [email protected] to your safe sender list.

all conference presentation materials will be posted to aiCpaConferenceMaterials.com Attendees will have access to download materials in advance of the conference and after the conference concludes.


Conference Agenda

PRE-CoNfERENCE SuNdAY, NoVEMbER 4 / VAluE-AddEd WoRkShoPS

1:00 pm - 5:00 pm registration open2:00 pm - 5:00 pm Value-added Workshops (additional fee) 101 Latest Updates on Tax Topics in a Recovering Economy T T Howard E. Abrams, J.D., Professor of Law, Emory Law School, Atlanta, GA

Arthur Auerbach, CPA, Tax Consultant, Atlanta, GAJoel Flax, CPA, Partner, Dixon Hughes Goodman, LLP, Norfolk, VAAnita Hamilton, Horne LLP, CPAs & Business Advisors, Jackson, TN This workshop will focus on a variety of topics, beginning with creative planning for LLCs, which will cover:• Regarding a disregarded entity • Springing debt • Holding a partnership interest through a disregarded entity Also discussed will be “the perfect storm” in estate planning forecasts, including:• Overview of estate and gift tax systems • Evolution of current law • 2013 and beyond • Family planning and business ideas Finally, the workshop will discuss real estate professional rules and the current IRS audit environment as well as tax incentives and other creative planning ideas.

A 102 Due Diligence/Lease Audit Workshop AAndrew Alperstein, CPA, Director, PricewaterhouseCoopers LLP, Chicago, ILAki Dellaportas, CPA, Manager, PricewaterhouseCoopers LLP, Chicago, ILMitchell Roschelle, CPA, Partner-National Practice Leader, Real Estate Advisory Services, PricewaterhouseCoopers LLP, New York, NYThis workshop will explore the approaches to transaction due diligence from a financial advisory perspective, and will address how due diligence is performed, how deals are analyzed in today’s dynamic marketplace, and how service providers can add value when advising clients during acquisitions. It will include property level, M&A and top-down approaches to due diligence, as well as a number of case studies and working examples. The workshop will also focus on lease due diligence as well as best practices and lessons learned in performing audits of commercial real estate lease operating expenses, from a landlord and tenant perspective.

5:00 pm - 6:00 pm Mix ‘n Mingle For those who arrive early for the conference, please join us for casual socializing with other attendees and speakers.

Topics and speakers are subject to change

Virtual session Available to be streamed live via the Web direct to your office for those not attending the live conference.

a-aCCounting bMo-business ManageMent & organization sKa-speCialized KnoWledge & appliCation t-tax

Fields oF sTudy

Tracks a-aCCounting i-industry t-tax ei-eMerging issues

Select One Concurrent Workshop

An AAA Five-Diamond hotel, the Bellagio provides a serene retreat in the heart of exciting Las Vegas. With award-winning restaurants, spa services, a shopping promenade, casino and world-class entertainment, this luxurious hotel offers the perfect setting to unwind and network with friends and colleagues.

bellagio


Conference AgendaMAIN CoNfERENCE MoNdAY, NoVEMbER 5 / dAY oNE

7:00 am - 5:30 pm registration open7:00 am - 8:00 am Continental breakfast & exhibits open8:00 am - 8:10 am Welcome & introductions8:10 am - 9:00 am general session ALL 1 Keynote Presentation SKA

Joe Piscopo, Spokesman, Boys & Girls Club, New JerseyJoe Piscopo, one of the most entertaining actors, singers, and comedians in the nation, will focus his attention on those hugely amusing topics of real estate and accounting! He will regale attendees with stories about the investment opportunities that come his way by virtue of his entertainment career, and why he remains in entertainment and not in accounting! Come learn and laugh as we get the conference underway.

9:05 am - 10:20 am general session ALL 2 The Economic Climate: Problems and Prospects for the Future SKA

Dr. James Koch, Ph.D., Board of Visitors Professor of Economics and President Emeritus Department of Economics, Old Dominion University, Norfolk, VAThis session will provide a brief economic update, analyze current economic problems and challenges, and then focus on factors that are likely to affect your future business and personal activities. Both economic and demographic influences will be considered. Illustrative questions addressed include:• Has the relationship between risk and return on investments changed

in the U.S.?• What is causing the less equal distribution of income and will it matter

to your business?• Is there a manufacturing renaissance occurring in the U.S.?• China, Europe and Greece – how much do they really matter?• So people don’t get married as often and drop out of the labor force

more often – will this affect your future customers?• Is significant price inflation just over the horizon?• The U.S. public debt, entitlement programs and Simpson-Bowles –

how are they connected to your future?10:20 am - 10:45 am networking beverage break & exhibits open10:45 am - 12:25 pm Concurrent sessions T 3 Partnership Tax Hot Topics T

Howard E. Abrams, J.D., Professor of Law, Emory Law School, Atlanta, GAThis session will look at recent changes to the law of partnership taxation as well as some of the more difficult continuing issues. Topics will include:• Use of non-compensatory options• LLCs and the passive loss limitations• Application of the subchapter K anti-abuse rules• Use of disregarded entities in the partnership context

A 4 Real Estate Accounting Update – Part 1 AJohn Lacey, CPA, Professor of Accounting, Ernst & Young Research Fellow, California State University, Long Beach, CARapid change in the accounting community continues. This session will provide an up-to-date overview of all new and pending pronouncements that will affect real estate companies.

I 5 Valuation of Real Estate Companies – Private and Public SKA Cary Potter, Senior Manager, Economic and Valuation Services, KPMG LLP,

Irvine, CA Heidi Roth, Senior Vice President, Chief Accounting Officer and Controller,

Kilroy Realty, Los Angeles, CAThis session will explore the practical aspects of valuing a real estate company, including:• The key steps in the valuation process• Critical inputs and how are they obtained and evaluated• Other considerations

12:25 pm - 1:30 pm networking lunch

Select One Concurrent Session


1:30 pm - 2:45 pm Concurrent sessions T 6 Real Estate Tax Update – Part 1 T

Stefan F. Tucker, J.D., Partner, Venable LLP, Washington, DCThis session will include an in-depth discussion of recent legislation, cases and rulings as they affect real estate transactions as well as pass-through entities and their members.

A 7 Understanding the Proposed Investment Companies and Investment Property Entities Standards A

Lou DeFalco, CPA, Senior Manager-National Professional Services Group, PricewaterhouseCoopers LLP, Chicago, ILThis session will offer a brief overview of the main provisions of both proposed standards. However, the greater focus will be summarizing constituents’ views through the comment letter process and understanding the boards’ re-deliberations. It will also provide color around the potential impacts of the standards in their final form based on the most up-to-date decisions of the boards. • Brief overview of the original exposure drafts• Understanding constituent feedback through comment letters• Discussion of the boards’ re-deliberations• Predictions and insight into what a final standard may look like and

the resulting implications on the industry I 8 Government Programs – Credits and Incentives that Continue to Fuel Development SKA

Moderator: Joyce Welch, CPA, Director, Washington National Tax, Deloitte Tax LLP, San Diego, CA Panel: Howard Gordon, Esq., Partner, Williams Mullen, Norfolk, VAGary Hecimovich, CPA, Partner, Deloitte Tax LLP, Washington, DCKate Kalmykov, J.D., Of Counsel, Greenberg Traurig, LLP, New York, NYThe U.S. government continues to play a vital role in the real estate industry, through various incentive programs, the encouragement of private investment, and stimulating economic development in urban and low income communities. Programs such as EB-5, New Markets Tax Credit, Section 1603 Grants, and Historic and Low-Income Tax Credits are some of the incentives that enable businesses to create jobs and finance development. This panel of experts will describe these programs and their significance in fostering economic activity.

EI 9 REITs: A Practical View of a Complex Topic TRandy Churchey, CPA, President & Chief Executive Officer, Education Realty Trust, Inc., Memphis, TNThe session will explore the business aspects of operating as a real estate investment trust, including these subsections:• Basics of real estate valuations• Comparisons of valuation multiples by asset classification • Public company investor relations questions and concerns • REIT tax principles impacting business decisions

2:45 pm - 3:10 pm networking refreshment break & exhibits open3:10 pm - 4:25 pm Concurrent sessions T 10 Tax-Free Equity Extraction Techniques T

Blake Rubin, Partner, McDermott Will & Emery, LLP, Washington, DCFor owners seeking to dispose of real estate, structuring the disposition in the most tax-efficient manner is critical. For acquirers of real estate, bringing a tax-advantaged deal structure to the table can be the secret weapon that clinches the deal in a competitive market. This will be an up-to-the minute discussion of cutting-edge techniques for extracting equity on a tax-free basis by one of the nation’s top practitioners.

A 11 Purchase Accounting AJohn Mackel, CCIM, CRE, Real Estate Valuation Consulting, Moss Adams LLP, Los Angeles, CAThese sessions will focus on what to look for in real estate business combinations:• Appraisal • Internal valuation• Purchase consideration • Fair value• Tangible and intangible • Debt• Documentation • Property types




Conference Agenda3:10 pm - 4:25 pm 12 The Boardroom of Real Estate Owners SKA I Norman Feinstein, Vice Chairman, The Hampshire Real Estate Companies,

Morristown, NJ Eric Louttit, Vice President, Forest City Enterprises, Cleveland, OH

Gus Milano, Managing Director, Hartz Mountain Industries, Inc., Secaucus, NJThe three companies represented by these speakers control more than 100 million square feet throughout the U.S. and across every type of real estate asset class. These senior executives are charged with developing not only new assets and managing existing ones, but also assessing current and projected market conditions and determining where to invest or sell. They will share some of their experiences and insights into where their firms are now and where they are going. This is a session not to be missed!

EI 13 Trends in Bankruptcy and Foreclosure SKARonald Greenspan, West Region Leader-Corporate Finance Practice, National Leader of the Real Estate and Structured Finance Restructuring Practice, FTI Consulting, Los Angeles, CAKen Rosen, Esq., Member of the Firm, Lowenstein Sandler, Roseland, NJThis session will discuss current trends in bankruptcy and out-of-court restructuring of distressed real estate, including pre-bankruptcy planning, bankruptcy plans of reorganization, pre-negotiation agreements, springing guarantees, special purpose entities, and recent developments in the law.

4:35 pm - 5:25 pm Concurrent sessions T 14 Real Estate Tax Update – Part 2 T

Stefan F. Tucker, J.D., Partner, Venable LLP, Washington, DCThis session continues the in-depth discussion of recent legislation, cases and rulings as they affect real estate transactions, as well as pass-through entities and their members.

A 15 Lease Accounting Update A Chad Averill, CPA, Partner, Moss Adams, LLP, Portland, OR

Alison Sellers, CPA, Assurance Services Senior Manager, Moss Adams LLP, Los Angeles, CAThe proposed guidance on lease accounting has gone through many revisions since the original exposure draft was issued in August 2010. Participants will gain a general overview of the expected 2012 revised exposure draft. Specifically, this session will cover lessor and lessee accounting, and the potential impact to company’s financial position and earnings.

I 16 The Art of Appraising Change SKADiane Butler, MAI, CCIM, Principal and CEO, Butler Burgher Group, Dallas, TXThe appraisal practice is not unlike any other sector of business. It is under the constant influence of change: changing markets, changing economic factors, and changing demand. For appraisers, change creates the unenviable challenge of chasing a moving target when determining current property and asset values. While the appraisal practice is certainly impacted by change, CREW Network’s research is on the other end of the spectrum. It seeks to create change; change that will impact the face of the workforce. In essence, it could be said that both the evaluation practice and CREW Network’s research share a common goal – they both appraise change.Join the 2012 CREW Network President Diane Butler, who presents current market trends and activities impacting property and asset values, and discusses CREW Network’s research highlights and the impact of the changing role of women in commercial real estate.


Select One Concurrent Session (continued)

“ ”Kept audience engaged, bringing reality and a&a practice together.

2011 Past Participant


4:35 pm - 5:25 pm 17 Fraud: The Other Employee Fringe Benefit BMO EI Nancy Young, CPA, CISA, CFE, Assurance Services Senior Manager, Moss Adams, LLP, Portland, OR

Did you know that fraud is a $2.9 million dollar business? Did you know that the average organization will lose 5% of its gross revenues to fraud?Did you know that one of an organization’s biggest risks of fraud is its own employees? Are you sending the right message to deter fraud from occurring?This session will specifically delve into:• The fraud environment/why fraud occurs• Various fraud schemes• How to prevent and detect fraud• Characteristics of a fraudster

5:25 pm - 6:30 pm networking reception

MAIN CoNfERENCE TuESdAY, NoVEMbER 6 / dAY TWo

6:45 am - 5:00 pm registration open6:45 am - 8:00 am Continental breakfast & exhibits open7:00 am - 7:50 am early riser Vendor solutions sessions ALL 201 Case Study: Finding Efficiency in Managing Audit Confirmation Requests SKA

Brian Fox, CPA, Founder and Chief Marketing Officer, Capital Confirmation, Brentwood, TNThis session highlights the key elements of a reliable confirmation process, and how automating audit confirmation requests improves efficiency for audit staff. Learn how one firm finds efficiency using Confirmation.com to manage their audit confirmation requests. This interactive session will discuss what the process was like before using Confirmation.com, point out some of the favorite time-saving features, and what the results have been for the firm.

ALL 202 1031 Like-Kind Exchanges – Advanced Topics, Updates, Industry News SKA

Ken Shore, Vice President, 1031 Exchange Specialist, Wells Fargo, Winston Salem, NCDerrick Tharpe, J.D., Vice President, Wells Fargo, Winston Salem, NCWells Fargo Exchange Services has a dedicated staff of professionals focused entirely on providing qualified intermediary services for Section 1031 tax-deferred exchanges with expertise, insight and professionalism. Revisit the requirements of Section 1031 and help your clients utilize this tax strategy to maximize tax deferrals, while anticipating and avoiding the common pitfalls that can occur in an exchange. Discussion topics include:• Safe harbors & time requirements• Common misconceptions and exchange Issues• Forward, reverse, and multi-asset program exchanges• Industry news – bankruptcies & security of funds issues

8:00 am - 8:10 am Morning announcements8:10 am - 9:00 am general session ALL 18 Why Didn’t I Get the Loan??!! The Banker Explains SKA

Tom Harrity, EVP/Senior Loan Officer, Fulton Bank of NJ, Chester NJGeorge Jacobs, CRE, PP, President, Jacobs Enterprises, Inc. Clifton, NJPaul Stahlin, CPA, CGMA, Regional President, Fulton Bank of NJ, Chester, NJOur panel of distinguished bankers will discuss the pressures and motivations behind bank decisions, particularly how these external factors affect individual borrowers. The panel will then include a developer/potential borrower trying to make his case for a loan – which will be denied – with the loan committee actually explaining its decisions. You’ll get a peek behind the curtain of the lending process.



“ ”excellent selection of topics. Conference provided many relevant and timely topics to choose from.



Conference Agenda9:05 am - 10:20 am general session ALL 19 Capital Markets Update and Outlook for 2013 SKA

Moderator: Alan Goodkin, Managing Director, The Ackman-Ziff Real Estate Group LLC, New York, NYPanel: Rob Dirks, Investment Director, Principal Global Investors, Des Moines, IARaymond Lowe, Senior Vice President, Wells Fargo, Los Angeles, CAPeter Smith, Managing Director, Ladder Capital, New York, NYHear the latest trends in underwriting standards and availability of capital for construction (yes, construction), transitional and permanent financings, as well as how over-leveraged projects are being recapitalized in today’s capital markets environment. This panel of highly seasoned experts will provide a real-time, candid assessment of the current state of the market as well as an outlook for 2013.

10:20 am - 10:45 am networking beverage break & exhibits open10:45 am - 12:00 pm Concurrent sessions T 20 IRS Tax Policy Update and the Healthcare Bill

in the Real Estate Industry TArthur Auerbach, CPA, Tax Consultant, Atlanta, GAThis session will discuss IRS examinations and procedures. It will also cover the effects of the healthcare bill on real estate investors and introduce the taxes coming in 2013.

A 21 Revenue Recognition A Michael Nesta, CPA, Director, KPMG LLP, Dallas, TX

The applicable guidance for the accounting for sales of real estate and management fees in the industry has generally been unchanged for decades. This session will provide an overview of the potential changes to this guidance based on the FASB’s re-deliberations of its revenue recognition exposure draft. It will also discuss the potential implications to common types of real estate transactions.

I 22 Vegas Case Study SKAMGM Speaker TBD

EI 23 Proper Communications with Third Parties SKASteve Platau, J.D., CPA, Professor of Accounting, The University of Tampa, Tampa, FL“Just send the ___ a letter” is the plea directed at the CPA. The client has received a request from a third party – often a lender or financing source – requesting a letter from the CPA. These letters may seem innocuous but they often contain hidden pitfalls. Traps for the unsuspecting range from violation of professional standards, state regulations and exposure to third party liability claims. This session provides the CPA with information to educate the client and colleagues about the issues accompanying third party “comfort” letter requests. Topics include: levels of requests, professional standards, selected state statutes and case law impacting CPA communication with third parties.

12:00 pm - 1:00 pm networking lunch


“ ”all speakers are great. i particularly like Mr. lacey’s session

because the material is great and Mr. lacey put in effort to make the whole thing more interesting. i can see his passion in teaching.



1:00 pm 2:40 pm Concurrent sessions T 24 Tangible Property Regulations: A Practical Approach to Implementing the Regulations T

Nathan Clark, CPA, Senior Director, BDO USA, LLP, Charlotte, NCMarla Miller, CPA, MBA, J.D., LL.M., Senior Manager, BDO USA, LLP, Philadelphia, PAThe tangible property regulations pose significant implementation challenges to companies wishing to comply with these new rules, potentially requiring changes to business processes, information systems and tracking, book and tax accounting policies, and tax compliance processes and procedures. An organization must manage these challenges within the confines of existing personnel, resources and technology, while developing a tax optimized methodology within its risk profile. This session will provide an overview of these regulations and address actions for accounting professionals to comply with these regulations. It will also address challenges the real estate industry is facing to implement these rules, and how they can be overcome in a practical manner.

A 25 Real Estate Accounting Update – Part 2 T John Lacey, CPA, Professor of Accounting, Ernst & Young Research Fellow, California State University, Long Beach, CA

This session continues the discussion of #4. I 26 Retail Site Selection: “The State of the Art” SKA Ed Lubieniecki, Managing Director, RealFoundations, Newport Beach, CA

This exciting session will showcase the latest trends and technologies that high-growth global retailers, developers and investors are using to stay ahead in this competitive environment. Topics will include:• Emerging strategic approaches• Interactive GIS technologies• Use of social media & advanced customer relationship (CRM) tools• State-of-the-art financial and scenario modeling capabilities – well beyond

Excel – will also be reviewed and demonstrated2:40 pm - 3:05 pm networking refreshment break & exhibits open3:05 pm - 4:20 pm Concurrent sessions T 27 SALT Issues T

Peter Giroux, CPA, Partner, Dixon Hughes Goodman LLP, Atlanta, GAIn 2012, as in years past, the landscape of state income taxes continues to evolve. States continue to adopt new legislation regarding nexus and apportionment which can significantly change a taxpayer’s state income tax posture. However, not all of these changes necessarily result in higher state taxes. Rather, some changes are implemented to attract new business, and can actually benefit taxpayers who have facilities and personnel in a particular state. This benefit can come via lower apportionment factors or through various credits and incentives packages. This session will examine recent trends in state taxes and demonstrate how they can both positively and negatively impact certain taxpayers depending on their situation. Further it will identify situations in which it is necessary to seek the counsel of a state and local tax expert to assist in navigating through this changing landscape and maximizing an entity’s state income tax posture. In addition to income tax matters, the session will also address issues relevant to sales taxes, payroll taxes, and property taxes

A 28 Fair Value in Real Estate A EJ Huntley, Principal, Deloitte Financial Advisory Services, Houston, TX

Mike Straneva, CPA, Partner, Americas Real Estate Sector Leader, Ernst & Young, LLP, Phoenix, AZHear from two of the Big Four’s real estate valuation leaders on the latest in real estate market trends and technical fair value accounting literature. This interactive session will discuss impairment calculations, fair value reporting trends and hot topics for the SEC investigations of financial reporting.


“ ”there were some great topics covered outside of real estate

accounting, specifically the economics and demographics class. i also enjoyed the real estate accounting update.




Conference Agenda

Chair

MembersJoel flax, Dixon Hughes Goodman LLP, Norfolk, VA

steering Committee

aiCpa staff

Melinda arndt, Conference Logistics, Durham, NC patricia smith, Program Development, Durham, NC

andrew alperstein, PricewaterhouseCoopers LLP, Chicago, IL Monica gill, KPMG LLP, New York, NYscott grimm, Anton Collins Mitchell, LLP, Denver, COanita hamilton, Horne LLP, CPAs & Business Advisors, Jackson, TN george Jacobs, Jacobs Enterprises Inc., Clifton, NJ Charles obert, Forest City Enterprises, Inc., Cleveland, OH Kelvin tetz, Moss Adams LLP, San Francisco, CA Joyce Welch, Deloitte Tax LLP, San Diego, CA

Chair

3:05 pm - 4:20 pm 29 “Teachers Village” – a Real Estate Case Study SKA I George Jacobs, CRE, PP, President, Jacobs Enterprises, Inc. Clifton, NJ

Halsey Street Teachers Village is a first-of-its-kind, catalytic redevelopment project planned for downtown Newark. It brings together three charter schools, a day care, 220 residential units (pre-marketed to teachers), and an exciting array of retail establishments. The site for the future project is now almost entirely surface parking lots. Commensurate with the visionary nature of the project, the RBH Group has assembled a world-renowned team of engineers and architects who have designed landmark buildings and prime urban streetscapes. The developer has recently received approval for the project, the financing for the first two buildings has closed, and the project is currently under construction. The speaker is the partner-in-charge of the project‘s retail component and will take us through the concept and anticipated economics of the project.

4:30 pm - 5:20 pm Concurrent sessions T 30 Ask the Experts Panel: Tax Issues T

Moderator: Arthur Auerbach, CPA, Tax Consultant, Atlanta, GAPanel: Howard E. Abrams, J.D., Professor of Law, Emory Law School, Atlanta, GAJoel Flax, Partner, Dixon Hughes Goodman, LLP, Norfolk, VAScott Grimm, CPA, Tax Director, Anton Collins Mitchell, LLP, Denver, COAnita Hamilton, Horne LLP, CPAs & Business Advisors, Jackson, TN Joyce Welch, CPA, Director, Washington National Tax, Deloitte Tax LLP, San Diego, CAThis panel of conference speakers and tax experts will answer questions on tax topics. Take advantage of this opportunity to discuss information presented in conference sessions, or explore current tax developments. Questions can be dropped off at the registration desk any time during the conference.

A 31 Ask the Experts Panel: Accounting Issues A Moderator: Monica Gill, CPA, Partner-Financial Services-Real Estate, KPMG LLP, New York, NY

Panel: EJ Huntley, Principal, Deloitte Financial Advisory Services, Houston, TXCharles Obert, Senior VP, Chief Accounting Officer and Controller, Forest City Enterprises, Inc, Cleveland, OHMike Straneva, CPA, Partner, Americas Real Estate Sector Leader, Ernst & Young, LLP, Phoenix, AZKelvin Tetz, CPA, Senior Manager, Moss Adams LLP, San Francisco, CAHere is your opportunity to direct technical accounting questions – still on your mind or that weren’t answered in the sessions – to some of our conference speakers. Questions can be dropped off at the registration desk any time during the conference.

5:20 pm Conference adjourns




group registration Registration for 2 or more individuals at the same time may qualify for group discounts; additional savings may be available for groups of 10 or more. For more information please call the AICPA Service Center at 888.777.7077 (9AM-6PM ET). program Code: real12

reCoMMended Cpe Credit 18 (main); 3.5 (optional) This conference was prepared in accordance with the Joint AICPA/NASBA Statement on Standards for Continuing Professional Education (CPE) Programs effective on January 1, 2002. The recommended CPE Credits are in accordance with these standards; however, your individual state board is the final authority on the acceptance of programs for CPE credit.ConferenCe fee Registration fees are determined by current membership status in the AICPA. Please indicate member number on the registration form to obtain the correct discount. Conference fee includes all sessions, conference materials, continental breakfasts, refreshment breaks, luncheons and a reception. Fee for value-added workshops includes all session materials and refreshment breaks.

dress Code Business CasualCanCellation poliCy You may cancel without penalty if written cancellation requests are received by September 12, 2012. Due to financial obligations incurred by the AICPA, a credit voucher less 50% of the registration fee will be issued for written requests received by October 15, 2012. No refunds or credits will be issued on cancellation requests received on or after October 16, 2012. For further information, call the AICPA Service Center at 888.777.7077. hotel and ground transportation inforMation Contact the hotel directly to obtain their policy on reservations, deposits and cancellations. Rooms will be assigned on a space-available basis only. To receive our special group rates mention that you will be attending the aiCpa real estate Conference.

bellagio Hotel Phone: 702.693.7111 3600 South Las Vegas Blvd. Hotel Reservations: 888.987.6667 Las Vegas, NV 89109 Online Reservations: http://bit.ly/P3Aeay Hotel Room Rate: $199 single/double (Sun-Tue) / $229 single/double (Sat) + $10 resort fee per night + tax added to the room rate Hotel Reservation Cutoff Date: October 5, 2012

ground Transportation — to and from the hotel and airport (rates and times are approximate) Taxi Service: $15-$20 each way, 30 minutes hotel Parking: Valet and self parking are complimentaryairline inforMation The AICPA has a special arrangement with Maupin Travel, Inc. of North Carolina to assist you with your travel arrangements. This travel agency may be reached at 800.345.5540. If you prefer to make your own travel plans, be sure to mention the participating airline’s reference number (listed below) to take advantage of deeply discounted “Zone Fares” that do not require a Saturday night stay-over. Discounts are valid for round trip registered AICPA meetings or conferences only. Some restrictions may apply. american airlines 800.433.1790 Index #22047 united airlines 800.521.4041 Refer to Meeting ID #531SI delta airlines 800.328.1111 Refer to Meeting ID #NM8QE For up-to-date airline information regarding special travel discounts, please visit cpa2biz.com/conferences. Due to recent airline industry fare restructuring, we cannot guarantee that the above group travel agreements will be in effect at the time when you are making your travel arrangements. Please contact the airline and/or your travel agency for latest applicable discounts and arrangements. Car rental hertz Car rental – AICPA Member Discounts: Call 800.654.2240. Ref. Code CV#021H0019. Airline and car rental discounts are available only when you or your travel agent book through the 800 number. We strongly advise you to confirm your conference registration and hotel reservation prior to making your travel plans. exhibit and sponsorship opportunities Don’t miss the opportunity to present and sell your organization’s services and products to thousands of CPAs and financial professionals at AICPA conferences. For detailed information on conference exhibit and sponsorship opportunities, please send your email to [email protected].

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t, p

leas

e co

mp

lete

th

e fo

llow

ing

:

lAST

NA

ME

fI

RST

NA

ME

M

I

fIR

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AM

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oN

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SS

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ST

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P

In a

ccor

dan

ce w

ith t

he A

mer

ican

s w

ith D

isab

ilitie

s A

ct,

do

you

have

any

sp

ecia

l nee

ds/

die

tary

rest

rictio

ns?

Yes

N

o (I

f yes

, you

will

be

cont

acte

d.)

Co

nfe

re

nC

e f

ee

s Pl

ease

circ

le a

ppro

pria

te ra

te.

12CP

A-63

2

REA

L12

1

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2

AI

CPA

N

on-

M

embe

r M

embe

r

Nov

embe

r 5-

6 - La

s ve

gas,

Nv

(rea

L12)

Ear

ly B

ird

Regi

stra

tion

$900

$1

,200

sav

e $7

5 by

9/2

1/12

Reg

ular

Reg

istr

atio

n $9

75

$1,2

75

Pre-

CoN

fere

NCe

wor

ksho

Ps -s

uNda

y, N

ovem

ber

4 (ad

ditio

nal fe

e)

2:00

pm

- 5:

00 p

m (s

elec

t one

) $2

50

$250

1

01 L

ates

t Upd

ates

on

Tax

Topi

cs in

a R

ecov

erin

g Ec

onom

y 1

02 D

ue D

ilige

nce/

Leas

e Au

dit W

orks

hop

Tota

l $_

____

__

$___

____

AICP

A Us

e On

ly –

ReA

l12

pay

Me

nt

info

rM

ati

on

Ful

l pay

men

t mus

t acc

ompa

ny re

gist

ratio

n fo

rm.

my

chec

k fo

r $__

____

____

___

paya

ble

to a

ICPa

is e

nclo

sed.

or

Plea

se b

ill m

y cr

edit

card

for $

____

____

____

_

aIC

Pa v

Isa

®*

am

eric

an e

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d

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dis

cove

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mas

terC

ard®

v

Isa

®

Card

No

. eX

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bIL

LIN

g N

am

e

sIg

NaT

ure

*If y

ou u

se a

n a

ICPa

cre

dit c

ard,

you

can

ear

n 5

poin

ts p

er d

olla

r spe

nt o

n a

ICPa

Con

fere

nce

purc

hase

s. T

o le

arn

mor

e or

app

ly, v

isit

ww

w.c

pa2b

iz.c

om/b

anko

fam

eric

a

Full

virtu

al c

onfe

renc

e re

gist

ratio

n

REAL

12VI

RTUA

L –

Both

Day

s –

$975

AIC

PA M

embe

r $1

,275

Non

-Mem

ber

REAL

12VI

RTUA

L1 –

Day

One

(S

essi

ons

1, 2

, 3, 6

,10,

14)

$460

AIC

PA M

embe

r $6

02 N

on-M

embe

rRE

AL12

VIRT

UAL2

– D

ay T

wo

(S

essi

ons

201,

18,

19,

20,

24,

27,

30)

$5

14 A

ICPA

Mem

ber

$672

Non

-Mem

ber

“Vir

tual

” se

ssio

ns s

trea

med

live

!

National Real Estate Conference - AICPA · National Real Estate Conference ... John Lacey, CPA,...

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Transcript of National Real Estate Conference - AICPA · National Real Estate Conference ... John Lacey, CPA,...