The Knowledge Group
The Knowledge Group

Carol Tello, Partner, Sutherland LLP to Speak at KC’s Event on Understanding the New Qualified Intermediary (QI) Program for Foreign Financial Institutions on 8/25/2009

Jersey City, NJ, May 13, 2009 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused webcasts announced today that Carol P. Tello, Partner, Sutherland Asbill & Brennan LLP will speak at The Knowledge Congress’ upcoming webcast entitled: “Understanding the New Qualified Intermediary (QI) Program for Foreign Financial Institutions”. This 2-hour event is scheduled on August 25, 2009, Tuesday, at 12:00 PM - 2:00 PM ET. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2009_QI.html

As governments have stepped up their attempts to stem the flow of money and assets into tax havens, the IRS qualified intermediary (QI) program has come under intense scrutiny and undergone changes in the last year. Under the QI program, foreign financial institutions agree to collect information and taxes on behalf of the U.S. government related to interest and dividends paid by U.S. financial institutions into foreign accounts. Foreign financial institutions that do not join the QI program are required to forward documentation about each account holder to U.S. financial institutions.

The Knowledge Congress has assembled a distinguished panel of government officials and bank advisers to discuss changes in the QI program and explain how the government is collecting information about money held in and paid into foreign accounts. Panel members will share their expertise in a Live two-hour Webcast.

About Carol P. Tello

Carol Tello is a member of Sutherland’s Tax Practice Group and focuses primarily on international tax matters. Her practice includes a broad range of cross-border tax planning and Internal Revenue Service (IRS) controversy matters for both business entities and individuals. Much of her work has
been for insurance companies in the cross-border context. She has particular experience in cross-border restructuring transactions, inbound corporate transactions, withholding matters, and treaty interpretation issues, as well as cross-border taxation of corporate executives and the U.S. taxation of non-U.S. citizens. She also advises clients on tax issues involving intellectual property transactions.

Her prior experience includes service in the IRS Office of Associate Chief Counsel (International) and as a Special Assistant to the Assistant Commissioner (International). While at the IRS, she participated in a number of income tax treaty negotiations, was the IRS National Office adviser in several Tax Court cases, and worked on various regulations and other guidance, including significant participation in developing regulations concerning the taxation of software transactions.

About Sutherland

Sutherland Asbill & Brennan LLP is a law firm with global reach known for solving challenging business problems and resolving sophisticated legal issues for many of the world’s largest companies. Founded in 1924, the firm handles matters throughout the United States and worldwide. Seven major practice areas—corporate, financial services, energy and environmental, intellectual property, litigation, real estate, and tax—provide the framework for an extensive range of focus areas, allowing Sutherland attorneys to serve a diverse client base that ranges from small and medium-sized start-up businesses to a significant number of Fortune 100 companies.

For more information about Carol P. Tello, and Sutherland, please visit: http://www.sutherland.com/

About The Knowledge Congress

The Knowledge Congress is an organization that produces webcasts that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour Live webcasts to study the impact of changing regulations.” To contact or to register for an event, please visit: www.knowledgecongress.org.

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