Negative Basis Partnership Freeze
Expertise offered by Jerome M. Hesch, MBA, JD, AEP® (Distinguished)
About the Program
When real estate is encumbered by mortgage liabilities in excess of its income tax basis, a lifetime transfer, either by sale or by gift, causes the taxpayer to report phantom income. This intermediate webinar will first evaluate how to eliminate the phantom gain at death and still implement an estate tax freeze using the preferred partnership structure. The second part will examine how one can defer the reporting of the phantom gain if a lifetime sale of the negative basis real estate is contemplated. The income tax deferral will become even more important if there is no estate tax and no income tax-free step-up in basis at death. It is recommended that participants have an understanding of the income tax issues that arise when an asset subject to liabilities is either sold or disposed of by a lifetime gift.
About the Speaker
Jerome M. Hesch, MBA, JD, AEP® (Distinguished) is the Director of the Notre Dame Tax & Estate Planning Institute, an Adjunct Professor of Law at Florida International University, University of Miami, Vanderbilt University, and Boston University On-Line LL.M. Program.
REGISTER HERE for the individual program. To register for the 2017 series, please click here.
• $40 / Accredited Estate Planner® designee
• $60 / member of EPCNYC
• $100 / non-member
• $250 / council meeting or group gathering
To learn more about the NAEPC Monthly Webinar Series and to see both past & upcoming programs, CLICK HERE.
Continuing education credit will be available for Accredited Estate Planner® designees. In addition, a certificate of completion will be made available for those professionals who feel the program satisfies their continuing education requirements and are able to self-file. It is the responsibility of the attendee to determine whether their state, discipline, or designation will allow one to self- file for a distance-learning program.
The Robert G. Alexander Webinar Series was launched in September 2013 to provide estate planners with accessible, high quality, multi-disciplinary education. Programs are available live and on-demand to individuals and to be used as group gatherings where EPC members view the program together in a single location. Why not consider adding a webinar to your schedule as a new and creative program?