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Reorganizations of Tax Partnerships

REORGANIZATIONS OF TAX PARTNERSHIPS

Cost $22.50
Presentation Length 1.5 hours

Recorded DateAugust 19, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

One of the most underused techniques in the Treasury Regulations is the partnership division, a structure in which one partnership divides into two or more partnerships. It has a bevy of practical uses in sticky situations, and practitioners should be familiar with how it works. Its companion, a partnership merger, will also come up in the real world, and practitioners should also understand the consequences and compliance work that will come with a merger. Finally, tax partnerships can also recapitalize for several business and tax reasons, and those transactions come with their own best practices and potential pitfalls.

As a whole, partnership reorganizations could arise in entities of any size or in any industry, but lawyers and accountants are often ill-equipped to both deploy them in planning and direct proper compliance when reporting them. This seminar will explore all three types of reorganizations in surface detail.


Learning Objectives:


  • Define partnership division, partnership merger, and tax partnerships

  • List the advantages, disadvantages, and best practices for each partnership type

  • Identify strategies to deploy partnerships in planning and compliance

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Matthew E. Rappaport concentrates his practice in Taxation related to Real Estate, Corporations, Partnerships, and Trusts & Estates. He advises clients regarding tax planning and structuring for generational wealth transfer, commercial real estate enterprises, business transactions, and cross-border considerations. He primarily advises real estate professionals, financial professionals, and closely-held business owners. He also functions as a subcontractor for other attorneys, accountants, financial advisors, bankers, and insurance professionals when they encounter matters requiring a threshold level of tax law expertise.

Mr. Rappaport graduated from Washington University in St. Louis in 2007, cum laude, with an undergraduate degree in Political Science. His undergraduate thesis was a cross-sectional analysis of the corporate culture of the privately held financial firm Edward Jones. He received his Juris Doctor and Master of Laws in Taxation from Georgetown University Law Center in 2011. Mr. Rappaport is licensed to practice in New York. He is an active member of the Nassau County Bar Association, the New York State Bar Association, and the American Bar Association. He was the Co-Vice Chair of the Tax Committee of the Nassau County Bar Association from June 2015 until June 2016.

He serves on the Sales, Exchanges, and Basis Committee of the American Bar Association Section of Taxation. Mr. Rappaport has authored articles for the Nassau Lawyer, Thomson Reuters’ Journal of Real Estate Taxation, The Tax Adviser, Bloomberg BNA’s Tax Management – Real Estate Journal, and the Journal of Taxation of Investments. He has spoken at the request of the American Bar Association, the National Conference of CPA Practitioners, the Financial Planning Association, Strafford Publications, the School of Accounting at LIU Post, and a wide variety of law, accounting, and wealth advisory firms. He is a founder of the young professionals networking group Hydra Collective.

About Our Presenter

Falconrappaport logo
Matthew E. Rappaport concentrates his practice in Taxation as it relates to Real Estate, Corporations, Partnerships, and Trusts & Estates. He advises clients regarding tax planning and structuring for generational wealth transfer, commercial real estate enterprises, business transactions, and cross-border considerations. He primarily advises real estate professionals, financial professionals, and closely held business owners. He also functions like a subcontractor for other attorneys, accountants, financial advisors, bankers, and insurance professionals when they encounter matters requiring a threshold level of tax law expertise.