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Jeffrey N. Saviano, Tax Partner, Ernst & Young LLP to Speak at KCs Event on FAS 109: FIN 48 Accounting for Uncertain Tax Positions for Fund Managers on 09/03/08

New York, NY, July 20, 2008 --( The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that Jeffrey N. Saviano, Tax Partner; Director of Northeast State and Local Tax Services of Ernst & Young LLP will speak at the Knowledge Congress’ upcoming teleconference entitled: “FAS 109: FIN 48 – Accounting for Uncertain Tax Positions – For Fund Managers”. This two-hour event is scheduled for September 3, 2008, Wednesday, starting from 1:00 PM EDT. (For further details of the event and an updated list of panelists, please visit:

Due to difficulties in meeting the compliance deadline, the FASB has postponed the operation of FIN 48 for private entities and hedge funds. Conflicts with the implementation, as well as the imposition of withholding taxes are just two of the issues the aforementioned entities are facing these days. That’s all about to change. This teleconference and webinar will aim to provide private entities and hedge funds insights on how to systematically approach FIN 48 in their organizations.

The Knowledge Congress has assembled a panel of distinguished experts to discuss what these approaches are and how to avoid future conflict with the government.

About Jeffrey N. Saviano

Jeffrey N. Saviano is a Tax Partner with Ernst & Young and is the Director of the Northeast State and Local Tax Services Group in the New York City and Boston offices of the firm. Jeff rejoined Ernst & Young in 1996 and has over fifteen years of tax experience with “Big 4” public accounting firms. He concentrates his practice in the state income/franchise tax area and serves as a state and local tax advisor to numerous companies. His practice is focused on state tax risk mitigation, multistate tax planning, and transactional analysis.

Jeff is a Trustee for the Massachusetts Taxpayers Foundation, a non-partisan organization focusing on state spending and tax policies and the Massachusetts economy, and is a member of the Board of Directors of the Associated Industries of Massachusetts, and the Boston Municipal Research Bureau. Also, Jeff was a professor of State and Local Taxation within the Frank Sawyer School of Management at Suffolk University.

He has published articles regarding state and local tax policy and practice, including Pending Massachusetts Tax Legislation: Managing Change and the Need for a “Master Plan” published in the July, 2005 edition of the Journal of Multistate Taxation and Incentives. Jeff has testified before the Joint Tax Committee of the Massachusetts Legislature, and is a frequent speaker at taxpayer organizations and trade associations including: Massachusetts Taxpayers Foundation; New York University Institute on State and Local Taxation; Council on State Taxation (COST); Paul J. Hartman State and Local Tax Forum at Vanderbilt University; Georgetown Law State and Local Tax Institute; Massachusetts Society of CPAs; Tax Executives Institute; and the American Bar Association. He is also a regular commentator on tax policy matters for various media outlets.

Jeff earned a Bachelor’s Degree in accounting from Iona College, a J.D. from Syracuse University College of Law, and a Master of Laws in Taxation (LL.M) from Boston University School of Law. He resides in Wrentham, Massachusetts with his wife Lisa, son Matthew, and daughter Caroline.

About Ernst & Young LLP

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, their 130,000 people are united by their shared values, and an unwavering commitment to quality.

For more information about Jeffrey N. Saviano and Ernst & Young LLP, please visit:

About The Knowledge Congress

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

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Thomas LaPointe, Jr., Executive Director
Therese Lumbao, Director
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