Tax Issues for Family Offices: Structuring Options, Income Tax Planning, Allocations, Investments
A live 90-minute premium CLE/CPE video webinar with interactive Q&A
This CLE/CPE course will provide tax attorneys and professionals an in-depth analysis of key tax considerations for family offices under current tax law. The panel will discuss cases and legislation impacting the family office industry, considerations for structuring a family office, selected tax matters, and best practices and developments in the family office industry.
Outline
- Review of family office types and structures
- Overview and comparison of recent cases
- Case study of an indicative family office structure
- Relevant federal tax considerations and proposed legislation
Benefits
The panel will review these and other key issues:
- What are the necessary attributes for a family office activity to rise to the level of a trade or business for tax purposes?
- What are specific tax considerations in structuring family offices?
- How can investment partnerships help assist with the formation of a family office structure?
- How can a family office be funded and operated tax-efficiently?
- What current proposed legislation could impact family offices and the structuring of family offices in the future?
Faculty
Philip S. Gross
Partner
Kleinberg Kaplan Wolff & Cohen
Mr. Gross is a partner and the chair of the Tax Department at Kleinberg, Kaplan, Wolff & Cohen, P.C. His practice... | Read More
Mr. Gross is a partner and the chair of the Tax Department at Kleinberg, Kaplan, Wolff & Cohen, P.C. His practice focuses on the taxation of hedge funds and private equity funds, including domestic funds, offshore funds, funds of funds, and real estate funds. Mr. Gross counsels clients on structuring (and restructuring) funds, structuring investment managers and general partners, compensating managers and employees, investing in funds, and seeding managers or being seeded. He also advises clients on insurance dedicated funds and private placement life insurance, and other international, federal, state, and local fund tax issues. Mr. Gross has been selected as a New York Super Lawyer for six consecutive years (2014 - 2019). He is a frequent speaker and author on fund tax issues and a member of a number of key industry organizations, including the New York State Bar Association (Tax Section, Committee on Taxation of Financial Instruments), Managed Funds Association (Tax Section), New York State Society of CPAs (Taxation of Financial Products Committee), New York City Bar Association (Taxation of Business Entities Committee (of which he was a former chair)), New York Tax Study Group and The Tax Club. Mr. Gross earned his LL.M. in Taxation from New York University School of Law, J.D. from Vanderbilt University School of Law, and B.B.A. from The College of William & Mary , Beta Gamma Sigma. He is a Certified Public Accountant.
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Samuel F. Thomas
Attorney
Seward & Kissel
Mr. Thomas is an associate in the Trusts & Estates Group. He received a J.D. from Harvard Law School and a... | Read More
Mr. Thomas is an associate in the Trusts & Estates Group. He received a J.D. from Harvard Law School and a B.A., summa cum laude, from Tulane University, and is currently a part-time student in the LLM in Taxation program at New York University School of Law.
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Robert L. Tobey, CPA
Partner
Reid CPAs
Mr. Tobey’s tax career got started with an introductory tax course at Western Michigan University’s Haworth... | Read More
Mr. Tobey’s tax career got started 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. After that, Mr. Tobey worked in industry as an income tax director of publicly held companies, at mid-sized CPA firms, and owned his own firm. His goal is to guide clients through the complexities of federal, state, and international tax laws to reach their economic objectives while explaining this to them in plain English.
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Cannot Attend October 10?
You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.