EPVI
ADVANCED ESTATE-PLANNING AND VALUATION ISSUES
FOR THE CLOSELY HELD BUSINESS OWNER
The purpose of this
course is to enable the CPA to advise the closely held business owner
on special estate-planning problems and opportunities. The focus of this
course is on the transfer of wealth, liquidity, and business continuation.
Major topics
include:
- Transferring the
closely held business interest to family members -- Gift strategies,
sales techniques, and recapitalizations
- Lowering gift tax
costs by use of GRATs and GRUTs
- A comprehensive
income and estate tax analysis in choosing and implementing buy-sell
agreements for corporations, partnerships, and LLCs
- Use of family partnerships
and family S corporations, including gift tax ideas and income tax planning
- Limitations on
the ability to freeze the value of a closely held business
- How to value the
closely held business for gift and estate tax purposes, including minority
and marketability discounts
- Special valuation
issues for real estate and farms under §2032A
- Tax issues affecting
the disposition and distribution of partnership and LLC interests
Level
of knowledge: Advanced
Field
of study: Taxes
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