DALLAS ESTATE PLANNING COUNCIL

THE REGISTRATION DEADLINE FOR THIS EVENT HAS PASSED

YOU MAY COME AS A WALK-IN ON THE DAY OF THE MEETING BUT WILL NOT BE GUARANTEED A MEAL

CASH OR CHECK AT THE DOOR

NOON MEETING

THURSDAY, JANUARY 6, 2011

(Lunch served noon-12:30 p.m.; Program 12:30-1:30 p.m.)

BENT TREE COUNTRY CLUB

5201 Westgrove Drive, Dallas, TX  75248 (972-931-7326)

FOLLOW DIRECTIONS BELOW:

Tollway South: Exit Trinity Mills, Turn Left on Westgrove, Left on Club Hill Drive

Tollway North: Exit Keller Springs/Westrgove, Turn Right on Westgrove, Left on Club Hill Drive

RESERVATION DEADLINE: FRIDAY, DECEMBER 31

 (MONEY MUST BE RECEIVED IN COUNCIL’S OFFICE DECEMBER 31)

FLP INCOME TAX ISSUES

PETER ROBBINS AND KARL SPRINGER

Sponsored by Texas Health Presbyterian Foundation

The estate tax benefits and pitfalls of Family Limited Partnerships are well documented and usually properly explained to clients during estate planning consultations.  Income tax considerations, however, are often overlooked during planning and can come back to surprise and irritate many unsuspecting clients.  This presentation is designed to offer guidance on explaining the income tax consequences of FLPs before the documents are signed.  Topics covered will include the impact of assets placed in the FLP, income allocation and distribution issues, compensation of management, the death or withdrawal of a partner, basis issues, self-employment and Texas Franchise taxes, and much more.  Peter Robbins began his accounting career with the Milwaukee, Wisconsin office of Ernst & Whinney (now Ernst & Young) in July 1987. He served as a member of the audit staff until moving to the tax department where he specialized in taxation of financial institutions, corporations, partnerships and individuals. In 1994 Peter joined Grant Thornton as head of the financial services tax practice. Peter joined MBD in January 1998.  Peter has served as a guest lecturer and instructor for many professional organizations including the American Institute of CPAs and the Texas Society of CPAs.  Karl Springer joined MBD in 1980 as a staff accountant.   He served on the Board of Directors for the Center for Nonprofit Management from 2000 to 2006. He is also past chairman and a current member of the Board of Directors for Offenders Preparation Education Network, Inc. Experience in creative problem solving, providing a broad view of many different business and tax issues, and aggressively managing relationships is the culmination of his professional career to date.

1 hour of continuing ed credit has been applied for.  

Note:  Paid membership dues do not include meals.  To register for the meeting, complete the form below, enclose a check (payable to Dallas Estate Planning Council) for the respective amount (indicated below) and mail to: Dallas Estate Planning Council, P.O. Box 38553, Dallas, TX  75238-8553. You may register online with a credit card payment on the website: go to www.dallasepc.org. Go to “Next Meeting” on the left column and click on “Event Details”, scroll down to the bottom of the page and register.  If you need a receipt, print out the confirmation page.  RESERVATION DEADLINE IS DECEMBER 31.

PREPAID MEALS:  Members who have already paid in advance for all meetings for the year MUST register so we will have a count for the number of meals to prepare and number of outlines to print.  THERE WILL BE 10 MEALS AVAILABLE FOR WALK-INS ON DAY OF MEETING (FIRST COME, FIRST SERVE). ALL OTHER WALK-INS WILL BE “PROGRAM ONLY”.  NO CREDIT CARDS ARE ACCEPTED AT THE DOOR, CASH OR CHECK ONLY.

Member: $37 (includes meal and program); Guest: $60 (includes meal and program)-All Guests pay $60;*Member-Program Only: $25 (*ONLY MEMBERS may choose “program only” for $25).  

Name: ________________________________________ 

    ____$37 (Member)  ___$60 (Guest)   ____$25 (Member-Program Only)

E-mail: ________________________________________

Phone No. _____________________________________

Name: ________________________________________  

  ____$37  (Member)    ___$60 (Guest)   ____$25 (Member-Program Only)

E-mail: ________________________________________

Phone No. _____________________________________