BarbriSFCourseDetails
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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Preparer

Date & Time
  • event Date

    Monday, February 19, 2024

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$197.00
CPE
ALL

This course will discuss the latest planning and structuring strategies with respect to family offices in light of the ever-changing legal and tax landscape.

Faculty

Joshua M. R. Becker
Partner
Pillsbury Winthrop Shaw Pittman LLP

Mr. Becker is a Tax attorney with over 10 years of international law firm and accounting firm experience. He counsels clients in a diverse range of tax, business, and private wealth matters. Mr. Becker's experience includes the tax and non-tax aspects of investment fund formations, private equity mergers and acquisitions, hedge funds, family office operational and investment  structures, and real estate joint ventures and investments. Prior to joining Pillsbury, he was a founding member of a multi-family office and registered investment advisor dedicated to blockchain and digital asset investors, founders, and entrepreneurs.

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Megan L. Jones
Partner
Pillsbury Winthrop Shaw Pittman LLP

Ms. Jones is a tax attorney who focuses her practice on advising entities, individuals and family offices on planning matters, both domestically and internationally. Her experience includes handling a broad range of complex U.S. and international tax issues, with an emphasis on individuals, entities and family offices. Ms. Jones's work spans both income and estate tax planning work. Having a corporate background, she assists clients in domestic, international and multijurisdictional tax and corporate planning relating to startup company and entity formation, investment entity structuring, and the acquisition, disposition and restructuring of businesses, corporations and partnerships.

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Description

A family office manages investments for a wealthy family with the primary goal of increasing and transferring wealth across generations. In the U.S., analysts estimate that total family office assets under management are over $6 trillion. In many instances operating in a manner substantially similar to private equity or hedge funds, family offices can avail themselves of certain tax benefits if properly structured around the unique fact patterns of a family.

Listen as our panel of family office experts discusses how family offices can continue to adapt to the ever-changing tax landscape in light of legislative and regulatory uncertainty.

Outline

  1. The family office defined
  2. Structuring considerations
  3. Recent legislative and regulatory considerations
  4. Planning with respect to certain types of investment assets
  5. Compliance and best practices

Benefits

The panel will review these and other critical issues:

  • When is granting a profits interest a taxable event?
  • What criteria must be met for a family office to be considered a "trade or business?"
  • Planning for the unknown: How can family offices prepare for possible legislative and regulatory changes?
  • Which entity and structuring options are the most appropriate for family offices?
  • How can a family office efficiently structure investments in certain asset classes (e.g., crypto, private aircraft, art)?

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Establish the ways a family office can handle wealth and investment management
  • Identify the various tax implications associated with a profits interest
  • Distinguish the types of family offices and their function
  • Understand how family offices should structure investments in certain types of assets

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of estate, gift and trust taxation including various trusts types, the unified credit, and portability.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).