January 3, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours
(map and directions)
The new health care law imposes a new 3.8% Medicare tax on certain business and investment income. The tax will apply to distributions from pass-through entities – LLCs, S Corps, partnerships –and have a direct and substantial impact on all closely-held companies. Certain planning techniques to avoid application of the new tax can have the effect of triggering the self-employment tax. The tax will also change the economics of buying, selling and exchanging interests in closely held companies. In short, the new tax fosters many new planning traps. This program will provide you with a practical framework for understanding the new tax, how it impacts closely-held business planning, distributions and sales, and cover strategies for minimizing the tax.
Alson R. Martin, Lathrop and Gage, LLP, Kansas
Thomas J. Nichols, Meissner Tierney Fisher & Nichols S.C., Wisconsin