Taxation Law Newsletter
April 2012
From left to right: MBA Taxation Law Section Chair Lisa M. Rico and Vice Chair Richard M. Stone.
Note from Taxation Law Leadership
The Massachusetts Bar Association's Taxation Law Section and
Young Lawyers Division are presenting a series of continuing legal
education programs in May and June. "Tax for the General
Practitioner" is an affordable series providing a solid tax
foundation for general practitioners, and others, who would like to
learn more about the tax aspects of various transactions. The
series is also a rare opportunity for law students to learn
practical application of tax theory.
Topics addressed in the series include estate planning; basis;
nonprofit organizations; tax issues related to divorce, litigation
proceeds, business entities and real estate; as well as reviewing
tax returns to spot issues. All roundtables will be held at the
MBA, 20 West St., Boston, and will be offered as real-time
Webcasts. Attendance fees for each roundtable are $15 for
sponsoring section members, law students and newly-admitted
lawyers; $25 for MBA members who are not sponsoring section members
and $50 for nonmembers.
Taxation Practice Series:
Estate Planning, 
Basis and Forming a Nonprofit Organization
Thursday, May 17, 4:30-6 p.m.
MBA, 20 West St., Boston
- Estate planning and gift tax issues
- Tax basis
- General rules;
- Step up in basis at death;
- Basis of gifts; and
- Rules on losses and why you don't make a charitable gift of
loss assets.
- Forming a nonprofit organization
- Massachusetts rules;
- Private benefit/inurement;
- Charitable purposes; and
- IRS Form 1023, Exemption Application.
Click
here for a list of faculty and to register.
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Taxation Practice
Series: Tax Implications of Divorce,
Taxation
of Litigation Proceeds and Spotting Issues on Tax
Returns
Thursday, June 7, 4:30-6 p.m.
MBA, 20 West St., Boston
- Divorce
- Taxability and deductibility of alimony;
- What is alimony?;
- Taxability and deductibility of child support; and
- Dependency exemptions.
- Taxation of Litigation Proceeds
- Scope of personal injury exemption;
- Punitive damages; and
- Taxation of other damages.
- Reviewing Tax Returns and Spotting Issues
- Federal and Massachusetts Individual Returns; and
- Federal and Massachusetts Entity Returns.
Click
here for a list of faculty and to register.
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Taxation Practice Series: Tax Issues
Related to Entities and Real Estate
Thursday, June 21, 4:30-6 p.m.
MBA, 20 West St., Boston
- Tax Issues Related to Entities
- Choice of entity when establishing a law practice;
- Comparison of tax implications of corporations, partnerships,
limited liability companies and associations; and
- Difference between C and S corporations, including requirements
for S election.
- Tax Issues Related to Real estate
- Mortgage interest;
- Points;
- Exclusion of gain from sale of principal residence;
- What is a principal residence and requirements of living
there?;
- Principal residence exclusion when portion of property
rented;
- Tax effect of a foreclosure; and
- Home office deductions.
Click
here for a list of faculty and to register.
Lisa M. Rico, chair
Richard M. Stone, vice chair
Taxation Law Section Council