Jim Sowell is a Principal at KPMG LLP and leads the Real Estate Practice in KPMG’s National Tax Office. Jim’s practice is focused primarily on tax issues relating to partnerships, REITs, and debt workouts with respect to such entities. Jim previously was an Associate Tax Legislative Counsel in the Office of Tax Policy at the U.S. Treasury Department where he was responsible for legislation and guidance relating to partnerships, REITs, and like-kind exchanges. Jim is a former Chairman of the Real Estate Committee of the American Bar Association (Tax Section) and a former Vice Chairman of the Real Estate Roundtable’s Tax Policy Advisory Committee. Jim is a member and former President of the Board of Trustees for the Southern Federal Tax Institute and is an active participant on NAREIT’s Government Relations Committee. Jim has written numerous articles and speaks extensively on partnerships and REITs.
Jim has his undergraduate and law degrees (both with high honors) from the University of Florida and has an LL.M. in taxation from New York University, where he served as an editor on the Tax Law Review. Jim currently serves on the Board of Trustees for the University of Florida Law Center Association.
This panel will discuss a number of developments during the prior year impacting the taxation of partnerships and real estate. The developments will include provisions in the One, Big, Beautiful Bill, including modifications to section 199A, section 163(j), and various expensing provisions. Recent case law relating to self-employment tax and limited partners, along with other significant items, also will be discussed.
Jim Sowell is a Principal at KPMG LLP and leads the Real Estate Practice in KPMG’s National Tax Office. Jim’s practice is focused primarily on tax issues relating to partnerships, REITs, and debt workouts with respect to such entities. Jim previously was an Associate Tax Legislative Counsel in the Office of Tax Policy at the U.S. Treasury Department where he was responsible for legislation and guidance relating to partnerships, REITs, and like-kind exchanges. Jim is a former Chairman of the Real Estate Committee of the American Bar Association (Tax Section) and a former Vice Chairman of the Real Estate Roundtable’s Tax Policy Advisory Committee. Jim is a member and former President of the Board of Trustees for the Southern Federal Tax Institute and is an active participant on NAREIT’s Government Relations Committee. Jim has written numerous articles and speaks extensively on partnerships and REITs.
Jim has his undergraduate and law degrees (both with high honors) from the University of Florida and has an LL.M. in taxation from New York University, where he served as an editor on the Tax Law Review. Jim currently serves on the Board of Trustees for the University of Florida Law Center Association.
This panel will discuss a number of developments during the prior year impacting the taxation of partnerships and real estate. The developments will include provisions in the One, Big, Beautiful Bill, including modifications to section 199A, section 163(j), and various expensing provisions. Recent case law relating to self-employment tax and limited partners, along with other significant items, also will be discussed.
Vince is a Shareholder in the Firm’s Estate, Trust, and Business Planning Group. He focuses his practice in the areas of business planning, succession planning, estate planning, taxation, real estate, and probate administration. With first-hand business ownership experience and having served as Vice President and General Counsel for a family-owned, multi-national operating company, Vince frequently partners with closely held, family-owned businesses to provide unique solutions to ensure the efficient transfer of ownership to the next generation.
He has experience advising clients with a broad range of estate planning and business law matters including sophisticated will and trust drafting; succession planning; charitable planning; choice of entity planning; tax planning; corporate finance; regulatory issues; compliance and risk management; real estate transactions; and mergers and acquisitions. He also represents clients, including trustees, executors, and beneficiaries, involved in probate and trust disputes and litigation. Vince's industry acumen spans healthcare, manufacturing, entertainment, retail and wholesale, and beverage distribution, among others.
When a partner in a business passes away, the last thing the remaining partners (who are oftentimes family members) think about are tax and corporate ramifications due to the partner’s death. However, the death of a partner may trigger a number tax and corporate law elections or decisions that must be made in a timely manner, the failure of which may have dire consequences to the remaining partners and the business. This presentation will cover a number of issues a lawyer, accountant or tax professional should review and consider upon the death of a partner.
Vince is a Shareholder in the Firm’s Estate, Trust, and Business Planning Group. He focuses his practice in the areas of business planning, succession planning, estate planning, taxation, real estate, and probate administration. With first-hand business ownership experience and having served as Vice President and General Counsel for a family-owned, multi-national operating company, Vince frequently partners with closely held, family-owned businesses to provide unique solutions to ensure the efficient transfer of ownership to the next generation.
He has experience advising clients with a broad range of estate planning and business law matters including sophisticated will and trust drafting; succession planning; charitable planning; choice of entity planning; tax planning; corporate finance; regulatory issues; compliance and risk management; real estate transactions; and mergers and acquisitions. He also represents clients, including trustees, executors, and beneficiaries, involved in probate and trust disputes and litigation. Vince's industry acumen spans healthcare, manufacturing, entertainment, retail and wholesale, and beverage distribution, among others.
When a partner in a business passes away, the last thing the remaining partners (who are oftentimes family members) think about are tax and corporate ramifications due to the partner’s death. However, the death of a partner may trigger a number tax and corporate law elections or decisions that must be made in a timely manner, the failure of which may have dire consequences to the remaining partners and the business. This presentation will cover a number of issues a lawyer, accountant or tax professional should review and consider upon the death of a partner.
This presentation will focus on business provisions in LLC Agreements, Partnership Agreements and Stockholders’ Agreements that are masquerading as tax provisions, including accounting methods, revaluations, partnership representatives, fair market value, tax distributions, targeted allocations, returning capital, liquidating distributions, waterfalls, disregarded entities and more.
This presentation will focus on business provisions in LLC Agreements, Partnership Agreements and Stockholders’ Agreements that are masquerading as tax provisions, including accounting methods, revaluations, partnership representatives, fair market value, tax distributions, targeted allocations, returning capital, liquidating distributions, waterfalls, disregarded entities and more.
Bruce Ely is a partner in the Birmingham, Alabama office of the multistate law firm of Bradley Arant Boult Cummings LLP and founder of its SALT Practice Group. He represents taxpayers before various state and local government taxing authorities as well as the tax tribunals and circuit and appellate courts of Alabama and Mississippi, and before the Internal Revenue Service and U.S. Tax Court.
Mr. Ely is Past Co-Chair of the New York University (NYU) Institute on State and Local Taxation, a long-time Fellow of the American College of Tax Counsel, and has been listed in “Best Lawyers in America” and “Super Lawyers” for a number of years. Until recently, he also served as Co-Chair of the ABA Tax Section SALT Committee’s “Task Force on the State Implications of the New Federal Partnership Audit Rules” and co-authored a model conformity/RAR statute now being advocated to the states. He is also co-editor of the Bloomberg Tax “Pass-Through Entities Navigator” and serves as Alabama correspondent for both Tax Notes-State and Daily Tax Report. He is a longtime member of the State Tax Advisory Board for Bloomberg Tax and received Bloomberg’s “State Tax Author of the Year” Award in 2017 and its Franklin C. Latcham Distinguished Service Award in 2021.
Cameran Clark, Director, Tax Policy and Governmental Affairs
Cameran Clark began her career with ALDOR in 2006 in the Sales and Use Tax Division. She transitioned to Tax Policy and Governmental Affairs in 2015, where she gained a comprehensive knowledge of tax administration through her experience in drafting and analyzing tax legislation and providing fiscal analysis. Now serving as director of Tax Policy and Governmental Affairs she is responsible for the department’s administrative rule process, tax policy direction for the department’s taxing divisions, and represents the department in legislative and governmental affairs.
Mrs. Clark has earned the Certified Public Manager designation. She is also appointed as the Department Secretary.
Four panelists will survey the major Alabama tax legislative, judicial and administrative developments in the past 12 months and the likely impact of OBBBA’s key tax provisions on Alabama businesses.
Bruce Ely is a partner in the Birmingham, Alabama office of the multistate law firm of Bradley Arant Boult Cummings LLP and founder of its SALT Practice Group. He represents taxpayers before various state and local government taxing authorities as well as the tax tribunals and circuit and appellate courts of Alabama and Mississippi, and before the Internal Revenue Service and U.S. Tax Court.
Mr. Ely is Past Co-Chair of the New York University (NYU) Institute on State and Local Taxation, a long-time Fellow of the American College of Tax Counsel, and has been listed in “Best Lawyers in America” and “Super Lawyers” for a number of years. Until recently, he also served as Co-Chair of the ABA Tax Section SALT Committee’s “Task Force on the State Implications of the New Federal Partnership Audit Rules” and co-authored a model conformity/RAR statute now being advocated to the states. He is also co-editor of the Bloomberg Tax “Pass-Through Entities Navigator” and serves as Alabama correspondent for both Tax Notes-State and Daily Tax Report. He is a longtime member of the State Tax Advisory Board for Bloomberg Tax and received Bloomberg’s “State Tax Author of the Year” Award in 2017 and its Franklin C. Latcham Distinguished Service Award in 2021.
Cameran Clark, Director, Tax Policy and Governmental Affairs
Cameran Clark began her career with ALDOR in 2006 in the Sales and Use Tax Division. She transitioned to Tax Policy and Governmental Affairs in 2015, where she gained a comprehensive knowledge of tax administration through her experience in drafting and analyzing tax legislation and providing fiscal analysis. Now serving as director of Tax Policy and Governmental Affairs she is responsible for the department’s administrative rule process, tax policy direction for the department’s taxing divisions, and represents the department in legislative and governmental affairs.
Mrs. Clark has earned the Certified Public Manager designation. She is also appointed as the Department Secretary.
Four panelists will survey the major Alabama tax legislative, judicial and administrative developments in the past 12 months and the likely impact of OBBBA’s key tax provisions on Alabama businesses.
Jay G. Maples is a shareholder in Dentons' Birmingham office, where he is a member of the Corporate practice and co-leads the Dentons US Region Aviation and Aerospace team. With his extensive corporate and tax experience, he regularly handles a wide range of complex transactions and issues spanning various industries, including aviation, manufacturing, insurance, banking and financial services, and real estate. Jay's exceptional knowledge and experience in the aviation industry enables him to provide clients with comprehensive advice on all aspects of aircraft ownership and operation, such as acquisition and disposition of all types and sizes of aircraft, tax planning, insurance analysis and claims, lending and securitization of aircraft, and the preparation and negotiation of ancillary agreements, such as pilot service agreements, hangar lease agreements, charter agreements, and maintenance agreements.
Jay's prior background as a CPA and 20-plus years of experience as a regulatory tax lawyer, a corporate deal lawyer, and general corporate counsel gives him a unique skill set that not only allows him to understand and navigate the complex FAA regulatory world governing aircraft transactions but also to be able to understand and advise clients on the related and ancillary issues and the broader corporate picture that drives aircraft transactions. Jay frequently speaks and writes on these areas as well as other corporate and tax topics.
Furthermore, Jay is a member of the Firm's Pensions, Benefits and Executive Compensation practice group. He has extensive experience in the employee benefits and executive compensation space, including proceedings before governmental agencies (IRS and DOL) concerning benefits and compensation matters.
Reed King is a Member in the Warren Averett's Tax Division. He has more than 17 years of public accounting experience, primarily serving clients in the real estate, retail and aviation industries. Reed’s practice focuses on pass-through entity taxation, entity structuring, federal and state tax planning and compliance and high-net-worth income taxation. Reed’s responsibilities include managing the tax division, serving as the firm’s Real Estate Coordinator and leading the firm’s Tax Best Practice Group.
Join Jay Maples and Reed King for an in-depth exploration of aircraft tax strategies tailored to high-net-worth clients. Learn to navigate ownership structures, IRS depreciation rules, sales and use tax exemptions, and more to optimize tax outcomes. Discover practical solutions to common pitfalls, drawing on real-world cases from their respective practices. Ideal for CPAs advising clients with private aircraft or aviation businesses, this session offers actionable insights to elevate your tax planning.
Jay G. Maples is a shareholder in Dentons' Birmingham office, where he is a member of the Corporate practice and co-leads the Dentons US Region Aviation and Aerospace team. With his extensive corporate and tax experience, he regularly handles a wide range of complex transactions and issues spanning various industries, including aviation, manufacturing, insurance, banking and financial services, and real estate. Jay's exceptional knowledge and experience in the aviation industry enables him to provide clients with comprehensive advice on all aspects of aircraft ownership and operation, such as acquisition and disposition of all types and sizes of aircraft, tax planning, insurance analysis and claims, lending and securitization of aircraft, and the preparation and negotiation of ancillary agreements, such as pilot service agreements, hangar lease agreements, charter agreements, and maintenance agreements.
Jay's prior background as a CPA and 20-plus years of experience as a regulatory tax lawyer, a corporate deal lawyer, and general corporate counsel gives him a unique skill set that not only allows him to understand and navigate the complex FAA regulatory world governing aircraft transactions but also to be able to understand and advise clients on the related and ancillary issues and the broader corporate picture that drives aircraft transactions. Jay frequently speaks and writes on these areas as well as other corporate and tax topics.
Furthermore, Jay is a member of the Firm's Pensions, Benefits and Executive Compensation practice group. He has extensive experience in the employee benefits and executive compensation space, including proceedings before governmental agencies (IRS and DOL) concerning benefits and compensation matters.
Reed King is a Member in the Warren Averett's Tax Division. He has more than 17 years of public accounting experience, primarily serving clients in the real estate, retail and aviation industries. Reed’s practice focuses on pass-through entity taxation, entity structuring, federal and state tax planning and compliance and high-net-worth income taxation. Reed’s responsibilities include managing the tax division, serving as the firm’s Real Estate Coordinator and leading the firm’s Tax Best Practice Group.
Join Jay Maples and Reed King for an in-depth exploration of aircraft tax strategies tailored to high-net-worth clients. Learn to navigate ownership structures, IRS depreciation rules, sales and use tax exemptions, and more to optimize tax outcomes. Discover practical solutions to common pitfalls, drawing on real-world cases from their respective practices. Ideal for CPAs advising clients with private aircraft or aviation businesses, this session offers actionable insights to elevate your tax planning.
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Anoop Mishra is vice president and regional executive at the Birmingham Branch of the Federal Reserve Bank of Atlanta. He is responsible for the Atlanta Fed's Regional Economic Information Network (REIN) for the state of Alabama, where he collects and synthesizes economic intelligence from business and community leaders throughout the state to support monetary policy making. Anoop oversees the Birmingham Branch's board of directors and the District's Agriculture Advisory Council, and leads the Atlanta Fed's community and economic development outreach efforts in Alabama.
Before joining the Bank, Anoop owned a business consulting firm and before that, he was the chief executive officer of WorkforceQA, a national employment screening and compliance provider. He served as the chief operating officer for EDPM for 12 years prior to its acquisition by WorkforceQA. While there, he served on the Atlanta Fed's Human Capital Advisory Council from 2014 to 2017. Anoop also worked for Accenture in Atlanta in its strategy/financial services practice.
Anoop received a BA in political science from Birmingham—Southern College and an MBA from the University of Pennsylvania's Wharton School. He serves on the national board of the National Speech and Debate Association. He is active in the Birmingham community, serving on the boards of the Alabama Economics Club, American Cancer Society, and Opportunity Alabama.
Will provide a snapshot of key economic indicators, from labor markets and inflation to interest rates, and offer a view of where the economy may be going in 2026
Anoop Mishra is vice president and regional executive at the Birmingham Branch of the Federal Reserve Bank of Atlanta. He is responsible for the Atlanta Fed's Regional Economic Information Network (REIN) for the state of Alabama, where he collects and synthesizes economic intelligence from business and community leaders throughout the state to support monetary policy making. Anoop oversees the Birmingham Branch's board of directors and the District's Agriculture Advisory Council, and leads the Atlanta Fed's community and economic development outreach efforts in Alabama.
Before joining the Bank, Anoop owned a business consulting firm and before that, he was the chief executive officer of WorkforceQA, a national employment screening and compliance provider. He served as the chief operating officer for EDPM for 12 years prior to its acquisition by WorkforceQA. While there, he served on the Atlanta Fed's Human Capital Advisory Council from 2014 to 2017. Anoop also worked for Accenture in Atlanta in its strategy/financial services practice.
Anoop received a BA in political science from Birmingham—Southern College and an MBA from the University of Pennsylvania's Wharton School. He serves on the national board of the National Speech and Debate Association. He is active in the Birmingham community, serving on the boards of the Alabama Economics Club, American Cancer Society, and Opportunity Alabama.
Will provide a snapshot of key economic indicators, from labor markets and inflation to interest rates, and offer a view of where the economy may be going in 2026
Jordan Goodman is co-leader of the Kilpatrick Townsend & Stockton's Tax Practice Group. He focuses his practice on resolving complex state and local tax controversies for Fortune 1000 corporations and wealthy families, nationwide. Jordan represents operationally complex companies in manufacturing, retail, financial services, e-commerce, broadcasting, and telecommunications. As an attorney and CPA with decades of experience, he has successfully resolved tax controversies in nearly every state and has counseled clients on the full range of tax issues and organizational structures affecting their businesses. Jordan also represents numerous clients in multistate unclaimed property litigation and advises on a wide range of compliance issues.
Clients seek Jordan’s help on a full range of tax issues including corporate income, sales and use, franchise, local licenses, gross receipts, business and occupation, single business, capital stock, and unclaimed property matters. He regularly advises on nexus, apportionment, business income, unitary business groups and residency, credits, losses, exemptions, and the tax base. He represents clients in all facets of unclaimed property issues—from audit notifications and audit defense to protecting sensitive information and resolving legal challenges. Further, Jordan regularly partners with businesses to establish compliance through the voluntary disclosure process and strategic planning.
Prior to joining the firm, Jordan was a partner in the Local Tax (SALT) Group at HMB Legal Counsel, a well-established, tax-focused law firm based in Chicago, Illinois.
A sought-after lecturer and author on multi state tax issues, controversies, and planning, Jordan is very active in the SALT community as a frequent staple to many major SALT institutions’ conferences and publications.
Jordan is listed in the 2022, 2023, 2024 and 2025 editions of Chambers USA: America’s Leading Lawyers for Business as a leading lawyer in Tax Controversy. He was recognized in The Best Lawyers in America® in 2023, 2024 and 2025. Jordan was recognized as an Illinois “Super Lawyer” for Tax Law by Super Lawyers magazine. He was named a “Leading Lawyer” in 2024 for Business Tax Law by Leading Lawyers magazine.
This session will look at the latest and greatest SALT cases around the country and delve into how they impact your clients. . This session will dig into cases involving income tax to sales tax and everything in between. We will cover everything from being subject to tax; to how much can a state tax; to the new types of taxes states are trying to impose. We will analyze why a litigant won, lost or tied and offer ways to successfully challenge state positions.
At the end of this session, the learner will be able to:
Jordan Goodman is co-leader of the Kilpatrick Townsend & Stockton's Tax Practice Group. He focuses his practice on resolving complex state and local tax controversies for Fortune 1000 corporations and wealthy families, nationwide. Jordan represents operationally complex companies in manufacturing, retail, financial services, e-commerce, broadcasting, and telecommunications. As an attorney and CPA with decades of experience, he has successfully resolved tax controversies in nearly every state and has counseled clients on the full range of tax issues and organizational structures affecting their businesses. Jordan also represents numerous clients in multistate unclaimed property litigation and advises on a wide range of compliance issues.
Clients seek Jordan’s help on a full range of tax issues including corporate income, sales and use, franchise, local licenses, gross receipts, business and occupation, single business, capital stock, and unclaimed property matters. He regularly advises on nexus, apportionment, business income, unitary business groups and residency, credits, losses, exemptions, and the tax base. He represents clients in all facets of unclaimed property issues—from audit notifications and audit defense to protecting sensitive information and resolving legal challenges. Further, Jordan regularly partners with businesses to establish compliance through the voluntary disclosure process and strategic planning.
Prior to joining the firm, Jordan was a partner in the Local Tax (SALT) Group at HMB Legal Counsel, a well-established, tax-focused law firm based in Chicago, Illinois.
A sought-after lecturer and author on multi state tax issues, controversies, and planning, Jordan is very active in the SALT community as a frequent staple to many major SALT institutions’ conferences and publications.
Jordan is listed in the 2022, 2023, 2024 and 2025 editions of Chambers USA: America’s Leading Lawyers for Business as a leading lawyer in Tax Controversy. He was recognized in The Best Lawyers in America® in 2023, 2024 and 2025. Jordan was recognized as an Illinois “Super Lawyer” for Tax Law by Super Lawyers magazine. He was named a “Leading Lawyer” in 2024 for Business Tax Law by Leading Lawyers magazine.
This session will look at the latest and greatest SALT cases around the country and delve into how they impact your clients. . This session will dig into cases involving income tax to sales tax and everything in between. We will cover everything from being subject to tax; to how much can a state tax; to the new types of taxes states are trying to impose. We will analyze why a litigant won, lost or tied and offer ways to successfully challenge state positions.
At the end of this session, the learner will be able to:
This event has ended.