Lawyers e-Journal
Thursday, May. 10, 2012
Series to offer practical tax theory application tips
Register for the seminars today to learn more about the tax aspects of various transactions.
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. The
affordable series provides 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.
Unable to come to Boston? These programs are available as
real-time Webcasts. When registering, participants can choose to
attend virtually from a home or office computer. If you choose to
attend the programs via real-time Webcast, space is limited.
Registrants will be taken on a first-come, first-served
basis.
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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.