DOCUMENTARY STAMP TAX 2008
October 22, 2008: Sofitel Miami - Miami
October 23, 2008: Airport Marriott - Orlando
Speakers:
Peter O. Larsen - Partner - Akerman, Senterfitt, & Eidson, P.A., Jacksonville
Joe Parramore - Florida Department of Revenue, Tallahassee
Jim Silvey, State Tax Audit & Consumer Service Mgr, CitiCapital, Irving, TX
Barbara Smith - State Tax Risk Manager, Wachovia Bank, N.A., St. Augustine

The 2008 event will be requested for 7.0 General CLER Credits from the Florida Bar.

The Program
v Overview of Documentary Stamp Taxes and Nonrecurring Intangible Taxes in Florida Credit Transactions
- Documents Subject to Tax
- Rate of Tax
- Exemptions
v Non-revolving Loans and Revolving Loans Secured by Real Property
v Letters of Credit
v Loan and Letters of Credit Not Secured by Real Property
v Out of State Loan Closing Procedures
v Guaranties; Loans with Guaranties
v Hypothecations; Cross Collateralization
v Renewals
v International Banking Transactions
v Impact of Florida Legislation; Update on New Rulings and Positions of the Department of Revenue (DOR)
v Florida Department of Revenue Organization; Procedures and Compliance Issues (time permitting)
- Organizations of the DOR and Responsibilities for Documentary Stamp Taxes
- DOR Audit Functions and Procedures
- Assessments and Administrative Review
- Technical Assistance Advisements ("TAA")
- Liability of Officers, Directors and Shareholders

Who Should Attend
This program will be especially beneficial to all CEO's, Senior Loan Policy Officers, Auditors, Compliance Officers, Cashiers and Real Estate Attorneys.

The Manual
A revised handbook will be distributed at the workshop and will provide guidance on Florida Documentary Stamp Tax (Florida Statutes, Chapter 201) and Florida Intangibles Tax (Florida Statutes, Chapter 199) issues in a variety of situations involving the extensions of credit by lenders located in Florida. The recurring Annual Intangibles Tax (Florida Statutes, Chapter 199) will not be addressed in this handbook.

Meet Your Speakers
Peter O. Larsen is a shareholder in the Jacksonville law offices of Akerman, Senterfitt, P.A. He concentrates on State and Local taxation and banking law. He attended Alma College (B.A., cum laude with honors); University of Kentucky (J.D.); University of Florida (L.L.M. in Taxation).

Joe Parramore has been with the Florida Department of Revenue 35 years. His time with the Department has been spent dealing with Ad Valorem taxation. His experience includes two and a half years as a Budget Analyst with the Division of Ad Valorem Tax, one year as an Audit Assignment Officer, four and a half years as an Auditor, twenty years as a Tax Law Specialist and is currently a Revenue Program Administrator.

Jim Silvey is the state tax audit and consumer service manager for GE in Irving, Texas, with over 30 years of experience in state and local tax as a tax law specialist with the Department of Revenue, public accounting and industry. He has been recognized as an expert witness for documentary stamp tax, sales tax and tax on communications. In addition, he has been an instructor for the FICPA, Florida Bar, Florida Title Association and other professional organizations.

Barbara Smith is the State Tax Risk Manager for Wachovia Bank. She has approximately 30 years experience in banking, with 15 years in state tax risk mitigation. She is a subject matter expert, who has in-depth knowledge and experience, with identifying state tax risk issues and in developing adequate controls and monitoring systems to ensure the tax risk associated with loan documentation is mitigated.

Seminar Schedule
8:30 a.m. - Registration
9:00 a.m. - Meeting
4:00 p.m. - Adjournment

A brochure with a registration form will be available to download approximately 60 days from the event.