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  Home > Press Room > Press Releases > G2 FinTech Announces Fourth in Series of Taxable Events Webinars

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G2 FinTech Announces Fourth in Series of Taxable Events Webinars

CPE-eligible webinar “Tax Implications of Straddles” to provide best practice guidelines on compliance with Section 1092 of the Internal Revenue Code (IRC)

New York, January 8, 2015 — G2 FinTech, provider of tax analysis and compliance software for the investment management community, today announced its fourth webinar, Tax Implications of Straddles, which will be held on Wednesday, February 4th at 1:00 pm ET. The webinar is part of a series of Continuing Professional Education (CPE)-eligible webinars created to provide tax practitioners and compliance officers at investment funds and investment fund service providers with up-to-date guidelines on how to accurately perform tax analyses of securities transactions (TAST), a complex and costly part of generating book to tax adjustments. This live, interactive and complimentary webinar is tailored for tax managers, fund accountants, controllers, CFOs, compliance officers and auditors. Participants will have the opportunity to earn CPE credit*.

An authority on TAST, G2 FinTech CEO and Founder, George Michaels, will lead Tax Implications of Straddles. Michaels will provide an introduction to Straddles, section 1092 of the IRC. He will cover basic, mixed & identified straddles as well as qualified covered calls as related to calculating realized gains & losses on investment portfolios. Michaels will use examples to show how to apply this rule and allow time for a Q&A session during which he and Daniel Tilkin, G2 FinTech Senior Tax Analyst & Software Engineering Team Lead, will field participant questions.

After this course, participants will be able to:
  • Determine when a “Basic” Straddle has occurred and calculate any deferred losses  
  • Identify “Successor” positions for a “Basic” Straddle        
  • Use the “Identified” Straddles rule and disallow appropriate losses     
  • Identify a Qualified Covered Call      
  • Determine when 1256 contracts invoke the “Mixed” Straddle rule      

To register for the webinar or for more details, visit: http://www.g2ft.com/webinars/Tax_Implications_of_Straddles.html

Brian Roberti, G2 FinTech President commented, “Response to our first three webinars has been extremely positive — we believe the tax straddles topic will be equally successful. Our webinar series has proven to be a great channel for sharing our accrued knowledge on the subject with tax practitioners. It’s also allowed us to bring alive the material in our white papers — we do indeed have one with the matching title "Tax Implications of Straddles." Later this month, we’ll take up the tax straddles topic yet again at the Hedge Fund Tax 101 and K-1 Boot Camp conference. G2 FinTech is a co-sponsor and will have representatives speaking on two panels at the two-day event run by Financial Research Associates, January 26-27 at The Princeton Club in New York City.

Similar to the attendance at its past webinars, G2 expects tax practitioners, compliance and financial officers at different levels within hedge funds, hedge fund service providers and accounting & audit firms to sit-in on this 60-minute session that also includes a live Q&A period.

*G2 FinTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

For more information about G2 FinTech’s products, webinars and other resources, please visit www.g2ft.com.

G2 FinTech provides European compliance add-on modules and financial services data warehouse software to the investment management community. The company also maintains a thought leadership page on Tax Analysis for Securities Transactions. This page provides tax practitioners and compliance officers with guidelines on how to perform tax accounting on investment portfolios.

Media Contacts:
Brendan Beaver/Amy Williams
Aspectus PR
+1 646 202 9845