Current Developments in Estate and Gift Taxation: Rev Proc 2022-32 and Proposed Regulations
Extension of Time to Elect Portability, Exceptions to Anti-Clawback Rules, Deducting Admin and Interest Expense
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This webinar will address the latest developments in gift and estate taxation, including the extension of time to elect portability, the proposed exceptions to the anti-clawback regulations, and other recent developments. Our panel of generational wealth experts will explain which estates are impacted by recent changes and the new provisions' details, as well as offer planning tips to minimize related transfer taxes.
- Current developments in estate and gift taxation: introduction
- Revenue Procedure 2022-32: Extension of Time to File Portability Election
- Proposed regulations
- Exceptions to anti-clawback rules
- Administrative expenses, claims against an estate, interest expense
- Cryptocurrency and digital assets in estates
- Other developments
The panel will explore these and other critical issues:
- Which estates are eligible for the extensions of time to elect portability under Rev Proc 2022-32?
- How accrued interest and penalties are calculated under the proposed regulations
- What transfers are considered de minimis and not subject to the exceptions to the anti-clawback regulations?
- How proposed regulations affect estate plans already in place
Kristen A. Curatolo
Kirkland & Ellis
Ms. Curatolo focuses her practice on wealth transfer planning, business succession planning, and charitable giving. She... | Read More
Ms. Curatolo focuses her practice on wealth transfer planning, business succession planning, and charitable giving. She routinely advises individuals, institutions and family offices regarding the administration of complex trusts and estates. Ms. Curatolo has particular experience working with principals of private equity funds and venture capital firms to transfer interests in investment funds in a tax efficient manner.Close
Bachir P. Karam
Sullivan & Cromwell
Mr. Karam is a partner in Sullivan & Cromwell’s Estates and Personal Group. He represents wealthy individuals... | Read More
Mr. Karam is a partner in Sullivan & Cromwell’s Estates and Personal Group. He represents wealthy individuals and families in connection with their personal and business affairs, including sophisticated tax and estate planning matters, trust and estate administration and controversy, the structuring of private business and investment entities, charitable giving, and a broad range of personal legal matters.Close
Lawrence M. Lipoff, CPA, TEP, CEBS
With more than 30 years of experience, Mr. Lipoff specializes in the delivery of domestic and international private... | Read More
With more than 30 years of experience, Mr. Lipoff specializes in the delivery of domestic and international private client services to enable high net worth individuals and families to maximize their new or generational wealth. He provides strategic advice to his clients and their closely-held businesses in the areas of income tax planning and compliance, estate planning and administration services, consultation regarding formation of family trusts and philanthropic structures. He is a frequent lecturer and author of articles published through professional forums on topics that include preparation of 1040/1041 & 706/709 returns, IRA/pension distribution, domestic and international asset protection, business succession, generation-skipping transfers, S corporation and fiduciary taxation including foreign trusts, alternative minimum tax, Chapter 14, family limited partnerships, international estate planning and administration, grantor charitable lead trusts, captive insurance companies, private placement life insurance and carried interest estate planning for private equity and hedge fund principals.Close
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