Chair: Galina “Allie” P. Petrova, Petrova Law PLLC, Greensboro, NC
Basis for Comparison: How Income Tax Management Is Changing the Face of Estate Planning.
The basic exclusion amount now stands at $11.4 million, meaning that only about 1-in-1500 American families are likely to face federal estate tax. For this and other reasons, income tax planning has taken on much greater importance. This presentation will use the case study format to focus on how income tax basis can be created and shifted in ways that optimize economic outcomes for our clients.
Panelist: Thomas J. Pauloski, Bernstein Private Wealth Management, Chicago, IL
Hot Topics for Closely Held Businesses.
This panel will discuss recent developments in legislation, regulatory guidance, and noteworthy cases impacting closely held businesses. The panelists will also address the impact of Boyle in the electronic age (Haynes v. United States and Intress v. United States) and new developments with passport decertifications.
Panelists: Sabrina Strand, Joseph H. Thibodeau PC, Denver, CO; Jeffrey Dirmann, Agostino & Associates, Hackensack, NJ; Kandyce Korotky, Covington & Burling LLP, Washington, DC
The Tax Fallout of Business Breakups.
Some things do not go quite as well as the founders had hoped, and now the business, their relationships and even their own financial plans are quickly dissolving into a mess. This panel will discuss the various tax and planning issues clients will need to face when the business breaks up and how practitioners can help their clients navigate the situation and avoid it becoming more of a mess than it already is.
Panelists: Shelby Wilson, Green & Sklarz LLC, New Haven, CT; Robert Turnipseed, Armbrecht Jackson LLP, Mobile, AL; William P. Prescott, Wickens Herzer Panza, Avon, OH; Sabrina Conyers, Nelson Mullins Riley & Scarborough LLP, Charlotte, NC