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      Giving and Taking Basis: Tax Planning with Partnerships, Presented by the Society of Trust and Estate Practitioners - Silicon Valley Chapter in Palo Alto


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      November 13, 2019

      Wednesday   5:30 PM

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      EVENT DETAILS
      Giving and Taking Basis: Tax Planning with Partnerships, Presented by the Society of Trust and Estate Practitioners - Silicon Valley Chapter

      Presented by the Society of Trust & Estate Practitioners       Giving and Taking Basis: Tax Planning with Partnerships              Jerome M. Hesch, Esq.   Adjunct Professor of Law Rather than waiting for the income tax-free step-up in basis at death, individuals may prefer to sell an appreciated asset while they are living. The first part of the presentation will first review the fundamental partnership income tax principles that are used in the planning techniques. The materials will then describe the application of these principles to shift basis from an asset one does not intend to sell to an appreciated asset one desires to sell in the future. The presentation will then examine how shifting basis can be used to defer the reporting of the phantom gain existing in appreciated real estate where mortgage liabilities exceed adjusted tax basis. The remaining material will examine how the installment sale of a partnership interest can be used to defer the reporting of gain realized when the partnership sells marketable securities for cash.   About the Speakers   Jerry Hesch is a tax and estate planning consultant for lawyers throughout the country.   Professor Hesch is a member of the America College of Trust and Estate Counsel (ACTEC), and an Adjunct Professor at the University of Miami School of Law (Graduate Programs in Estate Planning and Taxation) and Florida International University School of Law.   An accomplished author, Professor Hesch has published numerous articles, several Tax Management Portfolios, and co-authored a law school casebook on Federal Income Taxation, now in its third edition. Also a coveted speaker, Professor Hesch has presented for groups such as the AICPA, the University of Miami Heckerling Institute on Estate Planning, the University of Southern California Tax Institute, and the New York University Institute on Federal Taxation.   He received his bachelor's and master's degrees from the University of Michigan and his law degree from the University of Buffalo. He was with the Office of Chief Counsel, Internal Revenue Service, Washington, D.C. from 1970 to 1975, and was a full-time law professor from 1975 through 1994.   Major sponsorships   We thank the law offices of Pillsbury Winthrop Shaw Pittman for their generous support of this event through offering their conference facilities in Palo Alto   For Teleconference connection to this event (outside of Pillsbury Offices in Palo Alto) please contact: Charlene Yee at charlene.yee@crowe.com to make arrangements at no additional cost.   To pay by check, please register through Eventbrite, then choose "pay by check" at "Payment Method" drop down window on next screen,  Make check payable to “STEP-SV” and mail to: Suzanne Weber, Treasurer, STEP-Silicon Valley, c/o Weber & Co., 2021 The Alameda, Suite 380, San Jose, CA 95126-1128.   For membership information, please contact Tom Thorpe, c/o Trust and Estate Management, PO Box 33215, Los Gatos, CA 95031 or (415) 218-2888   This email is being sent to you as a person who has expressed interest in receiving notices of STEP-SV meetings.  If you wish to no longer receive them, please reply to charlene.yee@crowe.com that you wish to be removed from the list.

      Categories: Business & Networking

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