Some of the most popular posts from Larry’s Tax Law are now available on a new “Top Posts” page (to view the Top Posts, click on the button at the top of the page). Since 2014, Larry’s Tax Law has been listed numerous times on LexBlog’s Top 10 in Law Blogs. The list is a weekly round-up of the U.S. top legal blogs. The criteria for selection includes topic relevance, reader engagement and originality in terms of insight and analysis.
The goodwill of a business can never be exchanged for the goodwill of another business. Goodwill is not like kind property. Treasury Regulation 1.1031(a)-2(c)(2) makes that crystal clear, providing:
The goodwill or going concern value of a business is not of a like kind to the goodwill or going concern value of another business.
I would like to invite you to the 15th Annual Oregon Tax Institute scheduled for June 4 & 5 in Portland, Oregon, at the downtown Embassy Suites Hotel. The OTI has grown from a local tax forum into a preeminent tax institute for both tax attorneys and CPAs. Our topic coverage and faculty this year are fabulous and each one of our speakers is a nationally recognized expert in tax law. This year’s OTI will be on par with the best tax institutes in the country.
I hope you will join us, and I encourage you to sign up for OTI immediately. It’s not too late! Also, please feel free to share this information with your colleagues. Click here to register.
The 15th Annual Tax Institute offers an outstanding faculty on hot topics for tax practitioners. Federal income tax developments will be covered in depth, and you will hear about significant national and Oregon SALT developments. Learn the latest about partnership workouts, FATCA compliance issues, sophisticated choice of entity planning, and acquisitions of privately-held companies by private equity firms. Finally, we will have a discussion about ethical issues facing tax practitioners.
Larry J. Brant
Larry J. Brant is a Shareholder and the Chair of the Tax & Benefits practice group at Foster Garvey, a law firm based out of the Pacific Northwest, with offices in Seattle, Washington; Portland, Oregon; Washington, D.C.; New York, New York, Spokane, Washington; and Beijing, China. Mr. Brant practices in the Portland office. His practice focuses on tax, tax controversy and transactions. Mr. Brant is a past Chair of the Oregon State Bar Taxation Section. He was the long-term Chair of the Oregon Tax Institute, and is currently a member of the Board of Directors of the Portland Tax Forum. Mr. Brant has served as an adjunct professor, teaching corporate taxation, at Northwestern School of Law, Lewis and Clark College. He is an Expert Contributor to Thomson Reuters Checkpoint Catalyst. Mr. Brant is a Fellow in the American College of Tax Counsel. He publishes articles on numerous income tax issues, including Taxation of S Corporations, Reasonable Compensation, Circular 230, Worker Classification, IRC § 1031 Exchanges, Choice of Entity, Entity Tax Classification, and State and Local Taxation. Mr. Brant is a frequent lecturer at local, regional and national tax and business conferences for CPAs and attorneys. He was the 2015 Recipient of the Oregon State Bar Tax Section Award of Merit.
Upcoming Speaking Engagements
- "Entity Classification – The Check-The-Box Regulations Revisited," New York University 81st Institute on Federal TaxationNew York, NY, 10.23.22-10.28.22
- "The Intersection of Code Section 1031 and Opportunity Zones," 2022 OSCPA Northwest Federal Tax Conference10.24.22
- "Entity Classification – The Check-The-Box Regulations Revisited," New York University 81st Institute on Federal TaxationSan Diego, CA, 11.13.22-11.18.22