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Sample Forum Program – Using a Grantor Trust to Transfer Closely Held Business Interests
Length: 29:36
"Using a Grantor Trust to Transfer Closely Held Business Interests" was the first exhibit for the 2023 "Annual Partnership, LLC & S Corporation Tax Planning Forum." It is presented here free-of-charge for potential Forum® and Fundamentals of Flow-Through® attendees to provide a good sense of the manner in which tax planning concepts are introduced, analyzed and presented by the Tax Planning Forum faculty.
This thirty-minute exhibit, one of the Tax Planning Forum’s 2023 "Top 10 Structuring Techniques and Foot Faults," provides attendees with strategic and practical insights into the reasons to use a grantor trust for income tax and estate tax planning purposes involving the transfer of an interest in a closely held business for the benefit of family members.
Our Tax Planning Forum programs are developed entirely new each year, so this exhibit will not be part of the 2024 program. That being said, it remains extremely relevant today, so we expect you will find it to be both valuable and (like all of our programs) enjoyable.
Because this program includes no quizzes or tests, attendees will not receive any CPE or CLE credit. However, Tax Forum’s regular programs – both group live and self-study QAS – are all NASBA certified and provide CPE and CLE credit.
Charles R. Levun, Tax Forums
Charles R. Levun, JD, CPA, is a partner in the Chicago-area law firm of Levun, Goodman & Cohen, LLP. He is also the consultant to the Wolters Kluwer, CCH, Partnership Tax Planning and Practice Guide, for which he was the co-author of the monthly “Partner’s Perspective” column for its entire term of publication (1987-2020), and was an Adjunct Professor of Law at the Illinois Institute of Technology Chicago-Kent Graduate Tax Program (1985-2019 program termination) and Editor-in-Chief of the Journal of Passthrough Entities for its entire term of publication (1998-2019).
Mr. Levun received a JD from the University of Chicago Law School and a BS in Accounting from the University of Illinois. He is a past chair of the Partnerships and LLCs Committee of the American Bar Association’s Section of Taxation, the Chicago Bar Association’s Federal Taxation Committee and the Federal Taxation Section Council of the Illinois State Bar Association, and is a Fellow and past Regent in the American College of Tax Counsel. Mr. Levun has been chair of the faculty and co-sponsor of the Tax Planning Forum and the "Fundamentals of Flow-Through" Tax Seminar since their inception.
Michael J. Cohen, Tax Forums
Michael J. Cohen, JD, LLM, MBA, CPA, is a partner in the Chicago-area law firm of Levun, Goodman & Cohen, LLP. Mr. Cohen received a JD and an LLM in Taxation from the Illinois Institute of Technology Chicago-Kent College of Law. He holds an MBA in Finance from DePaul University and a BS in Economics from the University of Pennsylvania, Wharton School of Finance and Commerce.
Mr. Cohen was the Associate Editor-in-Chief of the Journal of Passthrough Entities for its entire term of publication (1998-2019) and was the co-author of the monthly "Partner's Perspective" column for its entire term of publication (1987 - 2020) that accompanied the Wolters Kluwer, CCH, Partnership Tax Planning and Practice Guide. He has been co-chair of the faculty and co-sponsor of the Tax Planning Forum and the "Fundamentals of Flow-Through" Tax Seminar since their inception.
