[Webinar] Sales Between Trusts; Writing Off Business Interests; Partnership Audit Rule Update - January 26th, 12:00 pm - 1:30 pm CST

Thompson Coburn LLP
Contact

Thompson Coburn LLP

January 26th, 2021
12:00 PM - 1:30 PM CST

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 webinar, “Sales Between Trusts,” explores whether gift tax reporting can provide safety or finality, explores GST issues, and considers alternatives. Registrants may benefit from prior or later review of the instructor’s course in “Formula Transfers For Estate Planning” and its follow-up course, “Beneficiary Deemed-Owned Trusts,” found at his CPA Academy webpage.

“Loss for Worthless Business” explores if a business becomes worthless, how to document the loss, when to deduct it, and how to report it.

“Partnership Audit Rules” updates the instructor’s prior course on the topic, to account for regulations and pronouncements that dramatically affect how one looks at the rules. We will discuss how the rules work and go through a sample operating agreement provision describing how one might approach drafting to address this topic.

CLE
This presentation is approved for 1.8 hours of general CLE credit in Missouri and 1.5 hours of general credit in California and Illinois.

Speakers

Steve Gorin

Steve Gorin
Partner
Thompson Coburn LLP

Steve is a nationally recognized practitioner in the areas of estate planning and the structuring of privately held businesses. Lawyers, accountants and business owners regularly look to Steve for fresh, highly knowledgeable insights into the best possible tax and estate planning approaches to their transactions.

Steve's current materials, Structuring Ownership of Privately-Owned Businesses: Tax and Estate Planning Implications, are available by emailing sgorin@thompsoncoburn.com.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Thompson Coburn LLP | Attorney Advertising

PRESENTED BY:

Thompson Coburn LLP
Contact
more
less

Thompson Coburn LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.