Operating Problems for Family Partnerships and LLCs Out of Stock
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September 2012
Segment 5 of Advanced Estate Planning Symposium
Operating Problems for Family Partnerships and LLCs
Accreditation Information:
To claim CLE credit for this segment you MUST use the following title on your homestudy affidavit Advanced Estate Planning Symposium.
Presentation:
Operating Problems for Family Partnerships and LLCs
While section 2036 gets most of the attention, it is the least of the worries for tax planners working with family partnerships and LLCs. This program will examine a myriad of other tax problems associated with operating and liquidating these entities, including minimizing the bad income tax results from valuation discounts; best strategies for buying out a partner; strategies for reorganizing the entity; when to consider liquidating the entity; the best strategies for liquidating the entity to minimize taxes; tax pitfalls from the partnership tax terminations rules; problems when partnership liabilities exceed tax basis; self-employment and investment income taxes problems; allocating tax basis among distributed assets; and ยง 704(e) reallocations of income and losses.
Presented by Richard B. Robinson, Esq., Robinson, Diss and Clowdus PC, Denver, Colorado