Valuation Discounts With FLPs/LLCs: Where Are We Now? — 2.5 West Virginia General Credits

This 2.1-hour September 24, 2007 presentation by John W. Porter, Esq., provides you with a comprehensive and useful explanation of the current status of IRS attacks on valuation discounts claimed with FLPs and LLCs, the taxpayers' responses and important cases. Mr. Porter, who is a partner in the Houston, Texas law firm of Baker & Botts, is considered by many to be the leading expert on this subject.

Topics include:

Overview

• define bundle of rights

• value thereof

• why IRS attacks entities

• Murphy argument

• gift on formation argument

IRC Section 2036(a)(1)

• Bigelow

• Korby

• Strangi

• Thompson

IRC Section 2036(a)(2)

• Strangi

• Kimbell

• Cohen

Bona Fide Sale For Adequate And Full Consideration

Production Of Documents

Where Are We Now?

• IRS settlement guidelines

• Lappo, McCord, Peracchio

Defined Value Or Formula Transfers

If you need credits in multiple states you MUST click here before placing your order for important information.

Price: $42.00

Course approved for these credits (and Expiration Dates When Applicable):
If you need credits in multiple states you MUST click here
before placing your order for important information.

AK — 2 General Credits
AZ — 2 General Credits
CA — 2 General Credits
CO — 3 General Credits, Expires 12/31/11
FL — 2.5 General Credits, Course #86527, Expires 3/25/09
IL — 2 General Credits, (attorneys seeking IL credit must place their order from the Illinois page)
MO — 2 General Credits
MT — 2 General Credits
NM — 2.1 General Credits, taped 9/25/07
NV — 2 General Credits
OH — 2 General Credits, (attorneys seeking OH credit must place their order from the Ohio page)
PA — 2 General Credits, (attorneys seeking PA credit must place their order from the Pennsylvania page)
TX — 2 Self-Study General Credits
WA — 2 General Credits, Activity ID #189404
WV — 2.5 General Credits

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Many states also permit CLE credits to be earned by study of email delivery, audio CD, and flash drive courses. For these offline study options and to Share and Save go to www.NLFcle.com.

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