BarbriSFCourseDetails
  • videocam Live Webinar with Live Q&A
  • calendar_month February 26, 2026 @ 1:00 p.m. ET./10:00 a.m. PT
  • signal_cellular_alt Intermediate
  • card_travel Tax Preparer
  • schedule 110 minutes

Family Office Tax Update: Foundational Principles, OBBBA Opportunities, Trade or Business Criteria

$197.00

This course is $0 with these passes:

CPE
ALL
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About the Course

Introduction

This course will discuss the latest planning and structuring strategies for family offices in light of the One Big Beautiful Bill Act (OBBBA) and the ever-changing legal landscape.

Description

A family office manages investments for a wealthy family, with the primary goal of increasing and transferring wealth across generations and, in many instances, operating in a manner substantially similar to that of private equity or hedge funds. Family offices and their advisers need to consider the proper structure and the unique fact patterns of each family. 

Provisions in the OBBBA provide substantial tax benefits for family offices. New opportunity zone incentives, the expansion of Section 1202 qualified small business stock, and 100% bonus depreciation can significantly reduce the tax burden for family office investments. 

Listen as our panel of family office experts offers recommendations to family offices and their advisers on efficient office structuring, trade or business determinations, and realizing OBBBA tax benefits.

Presented By

Megan L. Jones
Shareholder
Vedder Price

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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Robert L. Tobey, CPA
Partner
Reid CPAs, LLP

Mr. Tobey’s tax career began with an introductory tax course at Western Michigan University’s Haworth School of Business taught by Dr. Kathleen Sinning. After graduating WMU, he started a practice in Chicago with a predecessor to one of the Big Four. Mr. Tobey has worked in the industry as an income tax director of publicly held companies, at mid-sized CPA firms, and owned his own firm. His areas of technical expertise are digital asset taxation, pass-through entities, and tax matters associated with ultra-high and high net worth families and individuals. Mr. Tobey works with operating companies, hedge, venture, real estate, and private equity funds.

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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).

Date + Time

  • event

    Thursday, February 26, 2026

  • schedule

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

I. Family office update - introduction

II. Structuring family offices

III. Meeting trade or business criteria

IV. Important issues

A. Section 1202 stock

B. Opportunity zones

C. Private placement life insurance

D. Digital assets

E. Schedule K-1 reporting

E. Other issues

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"?
  • How can family offices incorporate OBBBA provisions to significantly reduce tax liability?
  • 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)?

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.


BARBRI, 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

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

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .