The below articles are part of Gorin’s Business Succession Solutions, a complimentary quarterly resource by Thompson Coburn partner Steve Gorin on tax planning for business owners, with an emphasis on income, estate, and...more
1/21/2026
/ Business Succession ,
Business Taxes ,
Charitable Deductions ,
Charitable Trusts ,
Estate Planning ,
Estate Tax ,
Grantor Trusts ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Irrevocable Trusts ,
Limited Liability Company (LLC) ,
Net Investment Income ,
One Big Beautiful Bill Act ,
Partnerships ,
Pass-Through Entities ,
Qualified Business Income ,
Revocable Trusts ,
S-Corporation ,
Section 199A ,
Self-Employment Tax ,
State Taxes ,
Succession Planning ,
Tax Deductions ,
Tax Planning ,
Taxable Distributions ,
Taxation ,
Trusts
In this webinar, the presenter will discuss tax-savings tools that can be used between now and March 5 when preparing 2023 returns. Our presenter will provide a top-ten list of planning tips to help trusts and estates save...more
1/25/2024
/ Continuing Legal Education ,
Estate Planning ,
Fiduciary ,
Income Taxes ,
IRS ,
Net Operating Losses ,
Small Business ,
State Taxes ,
Tax Planning ,
Tax Rates ,
Tax Returns ,
Taxable Distributions ,
Trust Administration ,
Trusts ,
Webinars
This course is drawn from Steve Gorin’s 4th quarter 2023 newsletter.
The Corporate Transparency Act requires disclosure of beneficial owners, but how do you decide whether a fiduciary or beneficiary needs to be listed? We...more
1/17/2024
/ Beneficial Owner ,
Beneficiaries ,
Business Income ,
Continuing Legal Education ,
Corporate Transparency Act ,
Debt Relief ,
Dischargeable Debts ,
Disclosure Requirements ,
Estate Planning ,
Fiduciary ,
Grantor Trusts ,
Income Taxes ,
Limited Partnerships ,
Reimbursements ,
Self-Employment Tax ,
Tax Code ,
Tax Exemptions ,
Tax Planning ,
Trust Administration ,
Trustees ,
Webinars
Drawn from Steve Gorin’s 3rd quarter 2023 newsletter, this course will review gifts from trusts and bargain sales, when real estate or an LLC interest constitutes inventory, and selected fiduciary income tax issues regarding...more
10/16/2023
/ Charitable Donations ,
Continuing Legal Education ,
Decanting ,
Fiduciary ,
Gifts ,
Grantor Trusts ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Inventory ,
IRS ,
Limited Liability Company (LLC) ,
Net Operating Losses ,
S-Corporation ,
Small Business ,
Stocks ,
Tax Court ,
Tax Deductions ,
Trusts ,
Webinars
Drawn from Steve Gorin’s 2nd quarter 2023 newsletter, our presenter will cover important recent cases on how to satisfy the adequate disclosure requirements for gift tax returns, when transactions between shareholders and...more
7/14/2023
/ Beneficiaries ,
Continuing Legal Education ,
Disclosure Requirements ,
Dividends ,
Estate Tax ,
Federal Taxes ,
Fraudulent Transfers ,
Gift Tax ,
Income Taxes ,
Reasonable Compensation ,
Tax Liability ,
Tax Planning ,
Tax Returns ,
Transferees ,
Webinars
Drawn from Steve Gorin’s 1st quarter 2023 newsletter, this course discusses liens from deferred estate tax on businesses; irrevocable grantor trusts and basis step-up; charitable gifts of business interests.
Some business...more
4/19/2023
/ Business Assets ,
Business Ownership ,
Continuing Legal Education ,
Estate Tax ,
Grantor Trusts ,
Irrevocable Trusts ,
IRS ,
Preferred Shares ,
Revenue Rulings ,
Sale of Assets ,
Step-Up Basis ,
Tax Deferral ,
Tax Liens ,
Tax Planning ,
Webinars
In this webinar the presenters will discuss tax-savings tools that can be used between now and March 6 when preparing 2022 returns. The presenters will provide a top-ten list of planning tips to help attendees save income tax...more
1/31/2023
/ Continuing Legal Education ,
CPAs ,
Estate Planning ,
Fiduciary ,
Income Taxes ,
State Taxes ,
Tax Planning ,
Tax Preparers ,
Tax Rates ,
Tax Returns ,
Trust Administration ,
Trust Distributions ,
Trusts ,
Webinars
Drawn from Steve Gorin’s 4th quarter 2023 newsletter, this course discusses preserving income tax benefits from estate tax audits and selected issues relating to S corporation sales and partnership redemptions....more
1/17/2023
/ Business Assets ,
Capital Gains Tax ,
Estate Tax ,
Income Taxes ,
IRS ,
Partnerships ,
Private Letter Rulings ,
S-Corporation ,
Selling a Business ,
State Taxes ,
Statute of Limitations ,
Step-Up Basis ,
Tax Audits ,
Tax Benefits ,
Tax Litigation ,
Tax Planning ,
Tax Relief ,
Webinars
Drawn from Steve Gorin’s 3rd quarter 2022 newsletter, this course discusses loan guarantees, recent developments in debt as part of a business’ capital structure, state estate tax, and ordinary income on sale of a...more
10/14/2022
/ Accounts Receivable ,
Business Entities ,
Business Income ,
Business Ownership ,
Capital Structures ,
Continuing Legal Education ,
Debt ,
Debtors ,
Equity ,
Estate Tax ,
Gift Tax ,
Income Taxes ,
Loan Guaranties ,
Loans ,
Partnership Interests ,
Pass-Through Entities ,
Proposed Regulation ,
Selling a Business ,
State Taxes ,
Tax Deductions ,
Tax Liability ,
Tax Planning ,
Webinars
Drawn from Steve Gorin’s 2nd quarter 2022 newsletter, this course discusses recent developments in state income tax of business sales, state estate tax, and whether (from an estate planning viewpoint) to try to deduct state...more
7/13/2022
/ 1099s ,
Blocker Corporations ,
Business Income ,
Compensation ,
Continuing Legal Education ,
Deferred Compensation ,
Employment Tax ,
Estate Planning ,
Estate Tax ,
FICA Taxes ,
Grantor Trusts ,
Income Taxes ,
Irrevocable Trusts ,
IRS ,
Limited Partnerships ,
Partnerships ,
Pass-Through Entities ,
QTIP Trusts ,
S-Corporation ,
Sale of Assets ,
Self-Employment Tax ,
State Taxes ,
Tax Deductions ,
Tax Planning ,
Trusts ,
Webinars
Drawn from Steve Gorin’s 1st quarter 2022 newsletter, this course discusses trust modifications to receive basis step-up in light of a recent letter ruling, avoiding high fiduciary income tax rates by treating the beneficiary...more
4/21/2022
/ Beneficiaries ,
Continuing Legal Education ,
Estate Planning ,
Family Offices ,
Fiduciary ,
Gifts ,
Grantor Trusts ,
GST ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Irrevocable Trusts ,
IRS ,
Modification ,
Partnership Interests ,
Power of Appointment ,
Private Letter Rulings ,
SECURE Act ,
Tax Exemptions ,
Tax Planning ,
Tax Rates ,
Transfer Taxes ,
Trust Assets ,
Trust Distributions ,
Trusts ,
Webinars
In this webinar the presenters will discuss tax-savings tools that can be used between now and March 6 when preparing 2021 returns. The presenters will provide a top-ten list of planning tips to help attendees save income tax...more
2/25/2022
/ Annuities ,
Continuing Legal Education ,
CPAs ,
Drafting Attorney ,
Fiduciary ,
Income Taxes ,
Life Insurance ,
Private Letter Rulings ,
Tax Planning ,
Tax Preparers ,
Tax Rates ,
Tax Returns ,
Taxable Distributions ,
Trust Administration ,
Trusts ,
Webinars
Drawn from Steve Gorin’s 4th quarter 2021 newsletter, this course discusses certain recent IRS developments in tax practice, a recent case on using life insurance to fund buy-sell agreements, and recent cases on loan...more
1/14/2022
/ Borrowers ,
Business Entities ,
Buy-Sell Agreements ,
Continuing Legal Education ,
E-Signatures ,
Estate Tax ,
Income Taxes ,
IRS ,
Life Insurance ,
Limited Liability Company (LLC) ,
Loan Guaranties ,
New Regulations ,
Shareholders ,
Tax Liability ,
Tax Litigation ,
Tax Penalties ,
Tax Planning ,
Tax Returns ,
Webinars
Drawn from Steve Gorin’s 3rd quarter 2021 newsletter, this course discusses whether a note modification is an exchange, which may be particularly important to irrevocable grantor trust planning if the House tax bill to fund...more
10/22/2021
/ Business Taxes ,
Continuing Legal Education ,
Corporate Taxes ,
Grantor Trusts ,
Income Taxes ,
Irrevocable Trusts ,
IRS ,
K-1 ,
Loan Modifications ,
Partnership Interests ,
Partnerships ,
Pass-Through Entities ,
Proposed Legislation ,
Reorganizations ,
S-Corporation ,
Selling a Business ,
Tax Legislation ,
Tax Planning ,
Webinars
Drawn from Steve Gorin’s 2nd quarter 2021 newsletter, this webinar discusses recent cases on when payments to owners who perform services are compensation and when are they distributions, describes issues in modifying trusts...more
7/15/2021
/ Annuities ,
Beneficiaries ,
Biden Administration ,
Business Ownership ,
C-Corporation ,
Capital Gains ,
Capital Gains Tax ,
Compensation ,
Continuing Legal Education ,
Dividends ,
Generation-Skipping Transfer ,
Gift Tax ,
Gifts ,
Income Taxes ,
Irrevocable Trusts ,
Life Insurance ,
Nongrantor Trusts ,
Popular ,
QTIP Trusts ,
Remainderman ,
Surviving Spouse ,
Tax Exemptions ,
Tax Planning ,
Tax Rates ,
Transfer Taxes ,
Trust Distributions ,
Trustees ,
Trusts ,
Webinars
This trifecta of topics, drawn from Steve Gorin’s 1st quarter 2021 newsletter, discusses gifts of services and business opportunities in light of developments in capital markets, describes a 2021 case of a taxpayer who recast...more
4/26/2021
/ Business Assets ,
Business Entities ,
Business Formation ,
Business Opportunities ,
Capital Markets ,
Continuing Legal Education ,
Estate Planning ,
Gift Tax ,
Limited Liability Company (LLC) ,
Limited Partnerships ,
S-Corporation ,
Selling a Business ,
Tax Benefits ,
Tax Planning ,
Transfer of Assets ,
Webinars
In this webinar the presenters will discuss tax-savings tools that can be used between now and March 6 when preparing 2020 returns. The presenters will provide a top-ten list of planning tips to help attendees save income tax...more
2/4/2021
/ Amended Tax Returns ,
Continuing Legal Education ,
CPAs ,
Drafting Attorney ,
Fiduciary ,
Income Taxes ,
Tax Deductions ,
Tax Planning ,
Tax Preparers ,
Tax Rates ,
Tax Returns ,
Trust Administration ,
Trustees ,
Trusts ,
Webinars
This trifecta of topics, drawn from Steve Gorin’s 4th quarter 2020 newsletter, starts with an advanced estate planning discussion then provides basic income tax tips for helping business owners.
The first half of the...more
1/20/2021
/ Business Losses ,
Business Taxes ,
Continuing Legal Education ,
Contract Drafting ,
Estate Planning ,
Gift Tax ,
GST ,
Income Taxes ,
Operating Agreements ,
Partnership Agreements ,
Partnerships ,
Tax Audits ,
Tax Deductions ,
Tax Liability ,
Trusts ,
Webinars
This trifecta of topics, drawn from Steve Gorin’s 3rd quarter 2020 newsletter, is designed for advising clients contemplating large taxable gifts. “When a Gift Is Subject to Income Tax” explains when gifts trigger income tax,...more
10/19/2020
/ Beneficial Owner ,
Beneficiaries ,
Continuing Legal Education ,
Estate Planning ,
Estate Tax ,
Gift Tax ,
Gifts ,
Income Taxes ,
Irrevocable Trusts ,
Step-Up Basis ,
Tax Exemptions ,
Tax Planning ,
Webinars
The first part of this webinar summarizes the consequences of trusts owning interests in S corporations and partnerships, including planning for and reporting current operations and the sale of the business.
Next, when...more
7/15/2020
/ Business Associates ,
Business Litigation ,
Business Ownership ,
Business Valuations ,
Compensation ,
Continuing Legal Education ,
Estate Planning ,
Gift Tax ,
IRS ,
Partnerships ,
Pass-Through Entities ,
Popular ,
S-Corporation ,
Selling a Business ,
Tax Audits ,
Tax Court ,
Tax Liability ,
Tax Planning ,
Transfer of Interest ,
Trusts ,
Webinars
First, business losses are subject to several limitations. In response to the 2020 pandemic, businesses or their owners may carry 2018, 2019, and 2020 losses back five years and get tax refunds. We will go through a “big...more
4/15/2020
/ Alternative Minimum Tax ,
Business Losses ,
Business Ownership ,
C-Corporation ,
Coronavirus/COVID-19 ,
Family Offices ,
Grantor Trusts ,
Income Taxes ,
Investment Management ,
Irrevocable Trusts ,
Itemized Deductions ,
Net Operating Losses ,
Partnerships ,
Pass-Through Entities ,
Passive Losses ,
Self-Employment Tax ,
Selling a Business ,
Tax Court ,
Tax Reform ,
Tax Refunds ,
Transfer Taxes ,
Webinars
The save-the-economy CARES Act passed by Congress and signed by the President on March 27 includes a wide variety of provisions designed to rescue an economy brought to its knees by the coronavirus pandemic. Recognizing that...more
Late on March 20, 2020, the U.S. Treasury Department issued Notice 2020-18, which replaced Notice 2020-17 and implemented announcements by Steve Mnuchin of the U.S. Treasury Department that the tax filing deadline for U.S....more
In this webinar the presenters will discuss tax-savings tools that can be used between now and March 5 when preparing 2019 returns. The presenters will provide a top-ten list of planning tips to help attendees save income tax...more
1/22/2020
/ Beneficiaries ,
Continuing Legal Education ,
CPAs ,
Estate Planning ,
Income Taxes ,
Tax Planning ,
Tax Preparers ,
Tax Returns ,
Trustees ,
Trusts ,
Webinars
First, the IRS has issued private letter rulings deeming an income taxable sale when a trustee commuted a trust. We will review the rules on whether changes to a trust will trigger income tax consequences.
Next, the IRS has...more
1/16/2020
/ Continuing Legal Education ,
Death Benefits ,
Income Taxes ,
IRS ,
Life Insurance ,
New Rules ,
Partnerships ,
Popular ,
Private Letter Rulings ,
Reporting Requirements ,
Tax Basis ,
Tax Deductions ,
Tax Liability ,
Tax Planning ,
Trustees ,
Trusts ,
Webinars