54th Midyear Conference.

TEI President Ray Rossi opens the 54th Midyear Conference.

Deputy Treasury Secretary Samuel Bodman and TEI President Ray Rossi before Tuesday morning's keynote address.

Eric Coffill (left) and Thomas Steele of Morrison & Foerster discuss state tax developments relating to tax shelters & disclosure.

Nicholas Giordano of Washington Council Ernst & Young and John Buckley of the House Ways & Means Committee staff chat before providing a legislative update.

IRS Administrative Affairs Vice Chair Kelly Nail of Electronic Data Systems Corp. moderates a session on LMSB's efforts to achieve currency.

House Ways and Means Chairman Bill Thomas gives a spirited address to TEI

Gayle Akemi Tagawa (center) of Amazon.com, Inc. listens to a question on restricted stock units. Also pictured are Edward Burneister (left) of Baker & McKenzie and David Sherwood (right) of Microsoft Corporation.

TEI Federal Tax Committee Chair Nell Traubenberg of Storage Technology Corp. discusses FAS 109 developments.

Daniel Kostenbauder of Hewlett-Packard Company discusses the MTC audit experience.

Elizabeth Case of PricewaterhouseCoopers discusses partnerships during a federal tax session.

TEI State & Local Tax Committee Chair Barbara Barton of Electronic Data Systems Corp. introduces the speakers on Tuesday morning.

Nemo Perera of Risk Capital Partners discusses tax insurance.

From left: TEI Executive Director Timothy McCormally, TEI Region S Vice President Ted Wielensa of Allergan, Inc., and Kathy Petronchak and Tom Wilson of the IRS.

Canadian Income Tax Committee chair Monika Siegmund of Shell Canada Limited listens to a question on US. and Canadian inbound financing.

From left: IRS Commissioner...