Please join me at the NYU Summer Institute in Taxation this July in New York City. This year, I will be presenting "Entity Classification – Another Look at the Check-the-Box Regulations" on Day 2 (July 27) of the Institute’s Advanced Income Tax and Wealth Planning Conference, where I will discuss recent developments, flexibility and planning opportunities created by the regulations, traps that exist for the unwary, and practical tax practitioner guidance.
It is hard to believe, but 2016 is close to an end. The year has proven to be a quite fascinating year in the world of tax law. Given the results of November’s presidential election and the composition of the House and the Senate, 2017 should be even more intriguing in terms of tax law developments. I plan to report these tax developments as they occur in the new year. Stay tuned!
During the past twelve months, we have explored numerous tax topics, including:
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- The rise and fall of Oregon’s proposed Measure 97;
- The saga of former U.S. Tax Court Judge Diane L. Kroupa, including her original indictment, the allegations against Ms. Kroupa made by her now estranged husband and her eventual guilty plea;
- The estates of Michael Jackson and Prince;
- The new partnership audit regime;
- New IRS Appeals rules and procedures;
- The deductibility of the expenses incurred in obtaining an advanced degree – Emmanuel A. Santos v. Commissioner, TC Memo 2016-100;
- Tax laws relating to legalized sales of cannabis; and
- The tax gap.
As a reminder, you are invited to join me at the NYU 75th Institute on Federal Taxation (IFT) taking place on November 13-18, 2016 at Hotel del Coronado in San Diego, California. The IFT is one of the leading tax conferences in the country, geared specifically for CPAs and attorneys who regularly are involved in federal tax matters. I hope you can attend.
My article about Qualified Subchapter S Subsidiaries was published in the September 2016 issue of the Journal of Taxation, a Thomson Reuters publication. The article offers an in-depth discussion of the QSub qualification requirements, the election, late filing relief, termination and inadvertent termination relief. It also provides a broad discussion of various QSub planning opportunities as well as potential pitfalls. I hope it is informative and offers you some useful information for application in your tax practices.
A copy of the article is available for download on the GSB website.
Please join me at the NYU 75th Institute on Federal Taxation (IFT) taking place in New York City on October 23-28, 2016, and in San Diego, California on November 13-18, 2016.
The IFT is one of the leading tax conferences in the country, geared specifically for CPAs and attorneys who regularly are involved in federal tax matters. Now in my fourth year as an IFT presenter, I am pleased to once again speak on the closely-held business panel on October 27 (NYC) and November 17 (San Diego). My presentation this year will focus on entity classification under the Check-the-Box regulations. I plan to provide an in-depth view of the regulations, including planning opportunities, traps that exist for the unwary and practical tax practitioner guidance.
As in previous years, the IFT will cover a wide range of fascinating topics, including tax controversies, executive compensation and employee benefits, international taxation, corporate taxation, real estate taxation, partnership taxation, taxation of closely-held businesses, trusts and estates, and ethics.
I look forward to seeing you at IFT in either New York or San Diego!
View the complete agenda and register at the NYU 75th IFT website.
Dear Readers:
It is hard to believe that 2015 is almost at an end. Although this year has gone by quickly, it has proven to be an interesting year in the world of tax law. During the past twelve months, we have explored numerous tax topics and developments, including tax extender legislation, IRS budget cuts, leadership changes at OPR, IRC Section 1031 exchanges, tax reform, taxation of cannabis, and offshore voluntary disclosure programs.
I feel especially blessed this year. The support that I have received from the legal, tax and accounting professions has been overwhelming. In June, the Oregon State Bar bestowed upon me the Taxation Section Award of Merit. Then, in September, I was elected to the American College of Tax Counsel. Without your help, these accolades would not have been attainable. Thank you.
I would like to invite you to NYU 74th Institute on Federal Taxation taking place in New York, New York on October 25-30, 2015, and in San Francisco, California on November 15-20, 2015.
The NYU Tax Institute is one of our country’s most pre-eminent tax conferences for CPAs and attorneys. I am proud to be a presenter on the closely-held business panel of the program on Oct. 29 and Nov. 19. This is my third time speaking at the Institute. This year, I will present a newly-written white paper on qualified subchapter S subsidiaries.
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.
Seminar Description:
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.
Dear Readers:
I'm proud to announce that Larry’s Tax Law was featured in LexBlog’s Top 10 Law Blogs List in February, March and July of this year. I hope to keep publishing useful material for CPAs and Tax Professionals.
Your feedback and guidance are truly appreciated. Please let me know if there are any topics or issues that you would like me to address in future blog posts.
Thank you for your support this year! Best wishes for a wonderful holiday season and a terrific 2015.
Larry
As the Chair of the Oregon Tax Institute (OTI), I would like to invite you to the 14th Annual Oregon Tax Institute scheduled for June 5 & 6 in Portland, Oregon. We have grown the OTI 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 in June and I encourage you to sign up for OTI as soon as possible. Also, please feel free to share this information with your colleagues.
Best,
Larry
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Larry J. Brant
Editor
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; Tulsa, Oklahoma; and Beijing, China. Mr. Brant is licensed to practice in Oregon and Washington. 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.
