transcript   Transcript

Partnership and LLC Introduction – Tax Allocations, Drafting Agreements, Joint Ventures, Real Estate Private Equity Funds – Today’s Transactional Tax Issues

Recorded on: Feb. 3, 2017
Running Time: 01:03:15

Full Transcript:



If you are a Privileged Member, just log in and start reading now! If you are not a Privileged Member, please click here to learn how unlimited access to PLI programs may be right for you and your firm.

To access the streaming media of this presentation, please purchase the corresponding seminar segment.

Taken from the Web Program 19th Annual Real Estate Tax Forum recorded February, 2017 in New York.

Partnership and LLC Introduction – Tax Allocations, Drafting Agreements, Joint Ventures, Real Estate Private Equity Funds – Today’s Transactional Tax Issues [01:03:15]
  • Dealing with the new Partnership Audit rules
  • Target allocations
  • How do you know your allocations work?
  • Drafting partnership agreements – allocation and distribution provisions, tax distribution and savings clauses
  • Current joint venture and fund deal terms – waterfalls, investor hurdles, carried interest and fees, clawbacks and their impact on drafting partnership agreements
  • Structuring service partner interest grants and contributions – interests for services
  • New regulations on fee waivers and disguised payments for services
  • Tax-exempt investors and unrelated business taxable income

Leslie H. Loffman, James M. Lowy, Sanford C. Presant, Blake D. Rubin, Robert D. Schachat, Lary S. Wolf

The purchase price of this segment includes the following article from the Course Handbook available online:

  • Jobs Act Tightens Partnership Tax Rules
    Andrea Macintosh Whiteway, Blake D. Rubin, Jon G. Finkelstein
  • Tax Planning for Partnership Options and Compensatory Equity Interests
    Jon G. Finkelstein, Blake D. Rubin
  • Joint Ventures with Tax-Exempt Entities and Taxable Operators (Including REITs)
    Sanford C. Presant, Leslie H. Loffman
  • Choice of Entity—Business and Tax Considerations
    Sanford C. Presant, Leslie H. Loffman
  • Tax Aspects of the Initial Partnership or LLC Negotiation
    Sanford C. Presant, Leslie H. Loffman
  • Selected Operating Agreement Tax Allocation Provisions for Limited Liability Companies
    Sanford C. Presant, Leslie H. Loffman
  • Income Recognition Checklist (Problems)
    Leslie H. Loffman, Sanford C. Presant
  • A Section 754 Paradox: Basis Step-Up Triggers Gain Recognition in UPREIT and Other Partnership Contribution Transactions
    Andrea Macintosh Whiteway, Blake D. Rubin
  • Proposed Regulations on Allocating Partnership Liabilities to Owners of Disregarded Entities
    Andrea Macintosh Whiteway, Blake D. Rubin
  • Put a “Bottom” Deficit Restoration Obligation in Your Partnership Liability Allocation Tool Box (September 1, 2014)
    Jon G. Finkelstein, Andrea Macintosh Whiteway, Blake D. Rubin
  • Final Regulations on the Treatment of Disregarded Entities for Purposes of Characterizing and Allocating Liabilities Under Code Sec. 752: Questions and Complexities Continue
    Andrea Macintosh Whiteway, Jon G. Finkelstein, Blake D. Rubin
  • Rev. Rul. 99-43: When to Hold’em, When to Fold’em, and When to Book-Down
    Blake D. Rubin, Andrea Macintosh Whiteway
  • Exploring the Outer Limits of Section 704(c)(1)(A)
    Blake D. Rubin, Andrea Macintosh Whiteway
  • Final Partnership Liability Regulations Target “Son of Boss” Abuse But Sweep More Broadly
    Blake D. Rubin, Andrea Macintosh Whiteway
  • The Impact of a Capital Account Deficit Restoration Obligation on a Partner’s At-Risk Amount and Share of Liabilities: Hubert Enterprises, Inc. v. Commissioner
    Blake D. Rubin, Jon G. Finkelstein, Andrea Macintosh Whiteway
  • Sixth Circuit Vacates Controversial Hubert Case Dealing with Partner’s At-Risk Amount
    Blake D. Rubin, Jon G. Finkelstein, Andrea Macintosh Whiteway
  • Tax Court Sticks to Its Guns and Sticks It to Taxpayers in Hubert Case
    Jon G. Finkelstein, Blake D. Rubin, Andrea Macintosh Whiteway
  • New Regulations Regarding Assumption of Partnership Liabilities
    Blake D. Rubin, Andrea Macintosh Whiteway
  • The Proposed Regulations on Partnership Allocations with Respect to Contributed Property
    Blake D. Rubin, Seth Green
  • New Ruling on Allocating Partnership Liabilities Disregards Technicalities to Absolve Taxpayer of Gain
    Blake D. Rubin, Andrea Macintosh Whiteway

Presentation Material

  • Recent Developments in Partnership and Real Estate Taxation
    Blake D. Rubin
  • Selected Tax Allocation Problems for Partnerships and LLCs
    Leslie H. Loffman, Sanford C. Presant
  • Allocation Examples
    James M. Lowy
  • Tax Provision Issues Checklist for LLC and Partnership Agreements
    Leslie H. Loffman, James M. Lowy, Sanford C. Presant
(s)
Leslie H Loffman ~ Proskauer
Sanford C Presant ~ Greenberg Traurig, LLP
Lary S Wolf ~ Roberts & Holland LLP
Share
Email
Transcript FAQ's
  • How Can I Access Transcripts?
    You must be a Member in good standing.

  • Can I access the Video?
    Yes, you can access the video if you have the Adobe Flash plugin installed. Click on the video camera icon when you mouse over each paragraph. The media will begin playback at that point.

  • Can I get CLE credit for reading the transcript?
    No, CLE credit cannot be earned for reading a transcript. CLE credit is issued only for verified attendance while watching a web program. If seeking credit, please verify the program's eligibility for credit and expiration date in your jurisdiction on the web segment launch page before commencing the program.

  • FOLLOW PLI:
  • twitter
  • LinkedIn
  • GooglePlus
  • RSS

All Contents Copyright © 1996-2017 Practising Law Institute. Continuing Legal Education since 1933.

© 2017 PLI PRACTISING LAW INSTITUTE. All rights reserved. The PLI logo is a service mark of PLI.