Description
Gain a good understanding on basic tax fundamentals for nontax attorneys.Fundamentals for Nontax Attorneys is intended to provide you with specifics on tax issues related to the legal work that clients bring to them. Entity formation, real estate transactions, purchase and sale of business assets, gifting and estate planning, all require important tax considerations. This topic is directed to the attorney that can anticipate the impact of current tax law and draft documents and provide guidance that can prevent, or at least, limit future problems.
Date: 2019-10-22 Start Time: End Time:
Learning Objectives
Overview
• Proactive vs. Reactive Services
• Coordination Between Professionals Is a Must
Entity Formation
• Five Possibilities (One Is a Never)
• Operating Agreements or Buy-Sell Agreements
• 50/50 the Person That Says No Always Wins
Sale and Purchase of Assets
• Allocation of Selling Price and Form 8594
• The New Like-Kind Exchange Rules
• Related Party Transactions
New Tax Law May Require Changes in Legal Docs
• Structuring a Lease With the QBID in Mind
• Employee Manuals and Policies Re: Expense Reimbursements
Estate Planning
• Step-up in Basis Is a Big Deal
Donor Advised Charitable Gift Fund
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Gregory L. Walz, CPA, CVA-Walz & Company CPA’s, P.C.
