Wolters Kluwer Tax Expert Stevie Conlon to Speak at 40th Annual Federal Bar Association Tax Law Conference
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  • Wolters Kluwer Tax Expert Stevie Conlon to Speak at 40th Annual Federal Bar Association Tax Law Conference

    Feb. 26, 2016

    Wolters Kluwer today announced that Stevie Conlon, senior director and tax counsel, will participate in a panel discussion exploring implications of recently issued Section 871(m) final regulations of the Internal Revenue Service as part of the Federal Bar Association’s 2016 Tax Law Conference on Friday, March 4, at the Ronald Reagan Building & International Trade Center in Washington, D.C.

    This year’s Tax Law Conference marks the 40th anniversary of the event, providing a forum for attorneys and accountants in private practice as well as the federal government to learn about the latest in the ever-changing U.S. tax code, tax policies and regulations of significance to their clients.

    The Sec. 871(m) final regulations approved in September 2015 treat amounts relating to certain financial instruments as “dividend equivalents” that are subject to U.S. income and withholding tax. Conlon says that one goal of the panel discussion is to facilitate discussion between attorneys inside and outside the government to assist in understanding and compliance. “Because these final regulations generally apply to transactions issued on or after January 1, 2017, brokers now have very little time to develop the systems and procedures required to comply with the regulations,” said Conlon.

    “The new regulations do create some withholding tax compliance challenges, particularly with regard to options, that many financial firms will be forced to grapple with," she said, noting that Wolters Kluwer is working on solutions to help clients comply with these particularly burdensome aspects of the new Sec. 871(m) rules, in addition to its existing tool for withholding tax and mutual fund reporting under IRC Sec. 305 for deemed dividends.

    Conlon joined Wolters Kluwer in 2004. In addition to her thought leadership in helping keep clients apprised of financial tax compliance issues, Conlon has played a key role in the development of several compliance software tools focused on financial firms, most notably including GainsKeeper, Capital Changes 305C Alert, FATCA GFD-Grandfathered Debt, and FundTax.

    More information on the event can be found at FBA Tax Law Conference.

    About Wolters Kluwer Governance, Risk & Compliance

    Wolters Kluwer Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer, which provides legal, finance, risk and compliance professionals and small business owners with a broad spectrum of solutions, services and expertise needed to help manage myriad governance, risk and compliance needs in dynamic markets and regulatory environments. The division’s prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, BizFilings®, Capital Changes, CASH Suite™, CT Corporation, CT Small Business, CT Lien Solutions, Corsearch, Datacert, ELM Solutions, GainsKeeper®, NRAI, OneSumX®, TyMetrix®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®.

    Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance, and legal sectors. Wolters Kluwer reported 2015 annual revenues of €4.2 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.