Stevie D. Conlon | Wolters Kluwer
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  • Stevie D. Conlon

    Stevie D. Conlon

    Vice President, Tax & Regulatory Counsel: Investment Compliance; U.S. Advisory Services

    Stevie D. Conlon, vice president, tax and regulatory counsel for Wolters Kluwer, holds dual responsibilities. She is a leader with the firm’s Investment Compliance Solutions line of business, where she oversees tax regulatory issues and development. In addition, Conlon leads the firm’s U.S. Advisory Services group, which offers consultative expertise to help financial institutions comply with regulatory requirements.

    Conlon, who joined Wolters Kluwer in 2004, brings a wealth of experience to her roles. A nationally recognized financial industry expert on the taxation of financial products and software solutions for financial firm compliance, she manages this firm’s Corporate Actions Suite products. Additionally, she has led the tax regulatory compliance development aspects of many of the larger business’ products for over 10 years including straddles, cost basis for stock, less complex debt and more complex debt, FATCA grandfathering, and Sec. 305(c) as well as Sec. 871(m) withholding. She is a nationally recognized tax expert on the cost basis tax law, as well as on the taxation of financial products and derivatives.

    Conlon practiced law for 18 years, specializing in tax, corporate, securities regulations and secured transactions for financial institutions and financial instruments of all sizes. For over 30 years, she has participated as an expert and advisor relating to the development of many federal compliance regulations. She has extensive experience analyzing financial industry regulatory compliance challenges, evaluating industry impact, and advising clients on compliance and risk mitigation strategies and solutions. 

    Conlon has been quoted in various news publications, including The Wall Street Journal, Forbes, USA Today, Chicago Tribune, Barron’s, Securities Technology Monitor, and InvestmentNews

    Conlon is the lead author of the tax law treatise “Principles of Financial Derivatives: U.S. & International Taxation,” the author or co-author of more than 50 tax-related articles, a member of the advisory boards for the Journal of Taxation of Financial Products and Derivatives Report, former chair of the American Bar Association (ABA) Tax Section Financial Transactions Committee, a former ABA Tax Section Council director, former chair of the Chicago Bar Association Federal Taxation Committee, a member of ABA Tax Section Financial Transactions and Investment Management committees, a member of the New York State Bar Association Tax Section Financial Instruments Committee, and a fellow of the American College of Tax Counsel. 

    In 2013, Conlon received the Tony Fireman Award from the Shareholder Services Association in recognition for her exceptional contributions to the financial services industry and initiatives related to cost-basis accounting in particular.  She is a member of the New York and Illinois bars and is a certified public accountant (CPA). She was previously a partner in major national and international law firms including Katten Muchin, Baker & McKenzie, and Chapman and Cutler.

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    Blockchain: What You Need To Know
    (Published September 5, 2018) Cryptocurrencies and blockchain could directly affect banks as the technology evolves, and regulators start to pay more attention to the issue. But what does the board need to know about this seemingly complex technology? In this video, Wolters Kluwer’s Stevie Conlon breaks down the differences between blockchain and cryptocurrency, as well as the broader regulatory implications.
    The U.S. Treasury Fintech Report and the OCC Fintech Announcement: What They Mean for Banks and Fintechs
    (Published August 10, 2018) Wolters Kluwer expert, Stevie Conlon, distills key takeaways of the U.S. Treasury's 223-page fintech report and the OCC’s announcement allowing fintechs to apply for special purpose national bank charters. Read the summary.
    SEC Warns Cryptocurrency Trading Platforms Raise Significant Federal Securities Laws Compliance and Liability Risks
    In March 2018, the SEC issued a Public Statement regarding blockchain-related investments. In this commentary, Stevie Conlon, Anna Vayser, and Robert Schwaba will walk you through the implications.
    Bitcoin Forks and Livestock Law? Tax Day 2018 Is a Different Animal
    In this article, Stevie Conlon, Anna Vayser, and Robert Schwaba explore the tax treatment of bitcoin forks.
    Notice 2017-42 Delays Difficult Sec. 871(m) Rules Until 2019, Challenges Remain
    (Published October 2017) On August 4, 2017, the IRS issued Notice 2017-42 (the “Notice”), which delays three key aspects of Sec. 871(m) regulatory compliance until January 1, 2019: (1) the application of withholding to equity-linked instruments (“ELIs”) with a delta (defined below) of between 0.8 and 1.0; (2) the full “combination rule” set forth therein; and (3) the related rules for Qualified Derivatives Dealers (“QDDs”).  Section 871(m) imposes U.S. withholding tax on swaps, other notional principal contracts and equity-linked derivative contracts in connection with dividends paid on related U.S. stocks.
    Taxation of Bitcoin, Its Progeny, and Derivatives: Coin Ex Machina
    (Published February 2018)  This 18-page Tax Notes explores the emerging area of bitcoin taxation, including a primer on U.S. income tax issues in light of important developments in the past year around crypto-currency growth.
    Sec_ 871(m) Withholding Compliance Challenges Remain After IRS Issues Updated Final Relations
    (Published April 21, 2017)  This paper notes key changes included in the January 2017 Regulations, summarizes key aspects of the Section 871(m) regulations, and highlights key implementation and compliance challenges for U.S. withholding agents.
    Sec. 871(m) Withholding Compliance Challenges Remain After IRS Issues Updated Final Relations(1)
    (Published April 21, 2017)  This paper notes key changes included in the January 2017 Regulations, summarizes key aspects of the Section 871(m) regulations, and highlights key implementation and compliance challenges for U.S. withholding agents.
    Deemed Dividends Without Cash—New IRS Proposed Code Sec. 305(c) Regs Trigger Outcry and Create Challenges for Convertible Debt, Stock and Rights
    (Published 2016) In this Journal of Taxation of Financial Products article, Wolters Kluwer senior director and tax counsel, Stevie Conlon, analyzes the Proposed 305(c) regulations, including a discussion of the relevant legislative history and pre-existing IRS guidance.
    Treasury Issues Convertible Bond Deemed Distribution Regs
    (Published April 13, 2016) In this Tax Notes article discussing new Section 305(c) proposed guidance issued by the Internal Revenue Service, Wolters Kluwer expert Stevie Conlon weighs in on the changes. According to Conlon, while not having a withholding requirement would be preferable, the update provides a more appropriate rule for determining the amount of the deemed dividend that is consistent with the current thinking about what the value of derivative rights are.
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