The International Tax Institute, Inc. (“ITI”) is a New York not-for-profit corporation that is exempt from federal income taxation under section 501(a) of the Internal Revenue Code as an organization described in section 501(c)(3) by reason of its educational purpose. To that end, the ITI provides monthly webinars to accountants and attorneys on tax topics related to professional practice and ethics and professionalism.
The New York State Continuing Legal Education Board has determined that the ITI is an accredited provider of continuing legal education programs. Similarly, the New York State Education Department has determined that the ITI is a New York Continuing Education Sponsor for the accounting profession. Its license number is 001961. The ITI must periodically renew its status as an accredited provider and continuing education sponsor, and it intends to do so for the foreseeable future.
The officers and board of the ITI are experienced attorneys and CPAs employed by law firms, accounting firms and corporations. All are volunteers. Attorneys and CPAs interested in volunteering their time to work for the ITI are encouraged to contact the ITI’s president.
All speakers at the ITI’s events are volunteers who are experienced attorneys and CPAs. The ITI endeavors to hold meetings on current topics that are of interest to experienced attorneys and CPAs having a practice that includes transactions with cross-border income tax consequences. When possible, the ITI invites attorneys from the Department of the Treasury’s Office of Tax Policy and the Internal Revenue Service’s Office of Chief Counsel to join its events.
The ITI was formed on May 16, 1961 as the “Institute on U.S. Taxation of Foreign Income, Inc.” In 1971, the corporation changed its name to the International Tax Institute, Inc. For many years, Paul D. Seghurs was the president of the ITI.
For much of its history, the ITI fulfilled its educational purpose by holding monthly luncheon meetings at venues in New York City, most recently at the Hyatt Hotel at Grand Central Terminal in midtown Manhattan.
In June 2020, the ITI began holding its meetings as online webinars due to the COVID-19 pandemic. At this time, the officers of the ITI expect that it will continue to hold its meetings as webinars for the foreseeable future. However, it may occasionally have in-person meetings.
Charles W. Cope, Law Office of Charles Cope
Amanda H. Nussbaum, Proskauer Rose LLP
Anu Alex, Deloitte Tax LLP
John T. Lutz, McDermott, Will & Emery, LLC.