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5 Sec. Tax'n Newsl. [i] (1985-1986)

handle is hein.journals/newsqtrly5 and id is 1 raw text is: SECTION OF TAXATION _ _ _ __, C r D' •ij Nj Fl 1 San Diego Meeting Will Offer an Assortment of Activities The San Diego Midyear Meeting, to be held January 31 February 2, will offer Section members and guests a varied menu of mini-programs, debates, social activities, and panels. Committee Section Meetings On Friday, January 31, the Section Committee Meetings will take place. Jean Owens, Internal Revenue Service Deputy Chief Counsel, and district counsels, who are hold- ing a meeting in San Diego prior to the Section's, will be attending the Section's Midyear Meeting and including the committee meetings of Civil and Criminal Tax Penalties, Court Procedure and Estate and Gift Taxes All committee meetings will be held at the Hotel Del Coronado except for the following committees, Affiliated and Related Corporations, Domestic Relations Tax Prob- lems, Exempt Organizations, Foreign Activities of U.S. Taxpayers, Sales and Financial Transactions, State and Local Taxes, Tax Accounting Problems and U.S. Activ- ities of Foreigners and Tax Treaties. These committees will meet at the Westgate Hotel. Mini-Programs A discussion of state taxation will lead a list of six mini- programs scheduled for Saturday, February 1. A new mini- program for spouses on tax reform will also be introduced. Everyone is welcome to attend. In place of a more tra- ditional plenary session, two additional mini-programs are planned for Sunday morning. These are scheduled to end by 10:30 a.m. to permit members desiring to return home on Sunday more flexibility in making travel plans. These mini-programs are described later in this Newsletter. Amid the mini-programs, participants may expect a de- bate on section 60501, possibly another on state and local taxes, and a panel on tax reform if the Houses passes the bill. Social Activities Participants will be able to choose their type of enter- tainment. Informal activities range from playing tennis at the Hotel Del Coronado courts to gazing at Shamu, the killer whale at Sea World and touring Tijuana and LaJolla. (See Midyear Meeting on back cover) San Diego Debate Should Attorneys Be Exempt from Cash Fees Reporting Requirement? At the Midyear Meeting in San Diego, the Section will debate and vote upon the question of whether attorneys should be required to report to the Service the identity of Inside This Issue: Midyear Meeting Schedule Hotel Reservation Forms Ticket Purchase Form Chairman's Page Section Activities Developments Meeting Poll 1986 Annual Meeting Information clients who make cash payments of fees and expenses in excess of $10,000. Section 60501, enacted last year, requires all persons (including attorneys) who receive in their business more than $10,000 in cash or foreign currency in one or more related transactions to report the transaction and the payor to the Service. The Treasury Department has issued tem- porary and proposed regulations and the Service has issued Form 8300, which specifically require detailed information from attorneys about their clients who use cash to pay substantial attorneys fees for civil and criminal advice. The American Bar Association, at the urging of the Criminal Justice and Taxation Sections, has expressed con- cern about the potential impact of these provisions on the attorney-client privilege and the Constitutional rights of the clients. The ABA has requested both Sections to work (See San Diego Debate on back cover)

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