ABA RPTE BUSINESS PLANNING GROUP-WHO WE ARE:
The Business Planning Group of committees covers choice of entity, estate planning, and estate administration for clients who own business entities or interests in farms or ranches. The entities may be active businesses or formed to hold investments. Entities include partnerships (general, limited, and/or limited liability), limited liability companies, and corporations (including those with an "S" election in place).
MONTHLY GROUP PHONE CONFERENCE-PLEASE JOIN US, ALL ARE WELCOME!
FIRST WEDNESDAY OF EACH MONTH
Please join our toll-free calls the first Wednesday of the month at 1:00 Eastern, noon Central, 11:00 Mountain, and 10:00 Pacific time. Reminders and cancellations are sent to members of the Business Planning Group and its committees (Business Investment Entities, Partnerships, LLC's, and Corporations & Estate Planning and Administration for Business Owners, Farmers and Ranchers) generally a few days before the call. We will discuss current developments or practical ways members handle issues that arise in this area. Please sign up for the Group/Committee to receive confirmation of the time and call-in instructions shortly before the call. This conference uses a toll-free number with no obligation to you. Join our calls the first Wednesday of each month. We will e-mail the call in number and password a few days for the conference call.
Monthly Call-In Instructions (click here)
NOVEMBER 4 CALL
Business Planning Group Call
Wednesday, November 4, 2009, 12:00-1:00PM CT
Dial-in phone #: 1-800-504-8071; Passcode: 9885683
Dan McCarthy, Esq., The Blum Firm, Forth Worth, TX, will lead a discussion on a recent FLP case, Murphy vs. United States, U.S. Dist. Ct. W.D. Ark. El Dorado Division, Case No. 07-CV-1013 (October 2, 2009), considered to be a taxpayer victory, dealing with the the bona fide sale exception to ?2036, blockage and tiered valuation discounts, and interest deductions on Graegin loans; Lisa M. Rico, Esq., McCarter & English, Boston, MA, will lead a discussion on PLR 200939003 (September 25, 2009) that limited the extension of time to payment generation-skipping transfer tax under ?6166 to direct skips, but not applicable to taxable terminations. William S. Forsberg, Esq., ABA RPTE Business Planning Group Chair, Leonard, Street and Deinard, Minneapolis, MN will briefly summarize two recent income tax cases, Garnett and Thompson, dealing with whether or not partners in LLCs and LLPs should be treated as limited partners in limited partnerships for purposes of the ?469 passive activity income tax rules. Finally, we will have an open forum to discuss practice related issues.
