Past Events

NAEPC Webinar - Income Tax Planning for Real Estate Using Estate Planning Techniques
Wednesday, July 14, 2021, 03:00pm - 04:00pm
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Robert G. Alexander Webinar Series / Upcoming Program


Income Tax Planning for Real Estate Using Estate Planning Techniques

Speaker: Jerome M. Hesch, MBA, JD, AEP® (Distinguished)
Date: Wednesday, July 14, 2021, 3:00pm - 4:00pm ET

About the Program

Because a lifetime sale of encumbered real estate can result in reporting taxable gain greater than the after-tax cash from the sale, there is a reluctance to sell while the owner is living. Instead, the owner will wait until encumbered real estate can pass at death. By including the real estate interest as an asset in decedent’s gross estate, the entire built-in gain, including the phantom gain, can be eliminated but an estate freeze is not available. 

For those who can wait until death, this webinar will describe how the preferred partnership can eliminate the entire built-in gain, including the phantom gain, and still implement an estate tax freeze.

If a lifetime sale is contemplated, we will examine how to defer reporting the built-in gain, including the phantom gain. Although reporting the gain cannot be eliminated, the ability to postpone the reporting of the gain results in significant income tax benefits. The second part will describe techniques that can be use for income tax deferral.

About the Speaker

Jerome M. Hesch serves as an income tax and estate planning consultant for lawyers and other tax planning professionals throughout the country. He is outside tax counsel to Meltzer, Lippe, Goldstein & Breitstone, LLP in Mineola, NY, Dorot & Bensimon, PA in Aventura, FL, and Oshins & Associates in Las Vegas Nevada. 

He is the Director of the Notre Dame Tax and Estate Planning Institute, this year scheduled virtually for October 21 & 22, 2021, on the Tax Management Advisory Board, a Fellow of the American College of Trusts and Estates Council and the American College of Tax Council and a member of the NAEPC Estate Planning Hall of Fame. He published numerous articles, Tax Management Portfolios, and co-authored a law school casebook on Federal Income Taxation.

He was with the Office of Chief Counsel, Internal Revenue Service, Washington, D.C. from 1970 to 1975, and for the next 20 years was a full-time law professor at the University of Miami School of Law and the Albany Law School, Union University. He continues to teach courses as an adjunct professor of law. From 1982 through 1992 he was the Director of the Graduate Program in Estate Planning at the University of Miami.

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