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OnDemand Course

Fundamentals for Non-tax Attorneys

Gain a good understanding on basic tax fundamentals for nontax attorneys.

Fundamentals for Nontax Attorneys is intended to provide you with specifics on tax issues related to the legal work that clients bring to them. Entity formation, real estate transactions, purchase and sale of business assets, gifting and estate planning, all require important tax considerations. This topic is directed to the attorney that can anticipate the impact of current tax law and draft documents and provide guidance that can prevent, or at least, limit future problems.

90 minutes
Certificate of Completion
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview

  • Proactive vs. Reactive Services
  • Coordination Between Professionals Is a Must

Entity Formation

  • Five Possibilities (One Is a Never)
  • Operating Agreements or Buy-Sell Agreements
  • 50/50 the Person That Says No Always Wins

Sale and Purchase of Assets

  • Allocation of Selling Price and Form 8594
  • The New Like-Kind Exchange Rules
  • Related Party Transactions

New Tax Law May Require Changes in Legal Docs

  • Structuring a Lease With the QBID in Mind
  • Employee Manuals and Policies Re: Expense Reimbursements

Estate Planning

  • Step-up in Basis Is a Big Deal

Donor Advised Charitable Gift Fund

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on October 22, 2019.

Call 1-866-352-9540 for further credit information.

  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

Virginia MCLE requirements do not allow approval for programs that do not include an audio or audiovisual component.

This program was previously offered as a live webinar. Virginia MCLE requirements do not allow approval for attendance at duplicate programs.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Gregory L. Walz, CPA, CVA

Gregory L. Walz, CPA, CVA

Walz & Company CPA's, P.C.

  • Manager with international CPA firm of Coopers & Lybrand
  • Founded Walz & Company CPA's, P.C. – 1977
  • Member AICPA, NACVA
  • Certified Valuation Analyst Certificate (CVA)
  • Small business affiliate training program – Wayne State University
  • Author of Dream Killers – The Real Reasons Small Businesses Fail
  • B.S. degree in business, Indiana University
  • Can be contacted at [email protected] or 574-533-9591
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!


  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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$699/year

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Product ID: 405511
Published 2019
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Available in Multiple Formats

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