This webinar will examine tax issues implicated by the sale of a partnership or LLC interest. Such a transaction can often result in traps for the unwary as well as complicated compliance and planning issues. The webinar will lay out the core knowledge and principles necessary to navigate potential tax problems. In addition, alternatives to an outright sale will be considered, such as asset sales and partnership reorganizations. The webinar will also provide an overview to common negotiation issues raised by a sale, as well as important tax elections that can provide significant after-tax benefits.
1. Sales of Partnership Interests
2. Amount Received
3. Basis Computation
4. Holding Period Rules
5. Hot Assets
6. Redemptions
7. Partner Retirements
8. Basis Adjustments
9. Tax-Free Transfers
10. Other Transfer Structures
11. Seller Issues
12. Buyer Issues
Smith, Gambrell & Russell, LLP
Partner
[email protected]
4048153685
Joe’s practice focuses on corporate, tax and finance. He is involved with a wide variety of businesses and transactions, and has extensive experience in - Structuring M&A transactions, from both the buyer and seller sides; - Negotiating executive compensation arrangements (qualified and non-qualified); workouts, restructurings and bankruptcy; corporate transactions; partnerships and LLCs; financial products; - Tax aspects of real estate development, property finance, and like-kind exchanges; international transactions (both inbound and outbound); and - Tax-exempt organizations (including healthcare, advocacy and religious organizations). In addition to transactional work, Joe represents clients in tax controversy work, including audits, appeals, National Office submissions, and regulatory hearings, as well as Tax Court and District Court litigation Joe is a frequent writer and speaker on a variety of business, tax and finance topics. He has published almost 100 articles in journals or in-house newsletters, and has participated in over 60 presentations or seminars. His articles have appeared in the National Law Journal, Mergers & Acquisitions magazine, Tax Notes Today, the Journal of Real Estate Taxation, the Journal of S Corporation Taxation, the Journal of Multistate Taxation, Tax & Finance Newsletter, and the NYU Institute on Federal Taxation. In addition, he has spoken at meetings and seminars organized by numerous organizations, including the American Bar Association, the White House Conference on Small Business, the U.S. Small Business Administration, the Georgia Electronic Commerce Association, the Federation of Exchange Accomodators, the International Reinsurance Conference, the Service Corps of Retired Executives, the American Health Lawyers Association, the Southeastern Health Law and Policy Forum, and the United Way, as well as several panel-type TV discussion programs. Joe is admitted to practice in Georgia, the District of Columbia and Louisiana.