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Tax Consequences of Retiring or Selling Your Law Practice

SKU: TAX5500
General Credits
2
Self-Report
Price$100
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Description

This CLE session will concentrate on the tax consequences of retiring or leaving your law firm or other professional partnership including LLCs and PLLCs. A recent Tax Court decision provides guidance and highlights tax traps to avoid.

We will analyze practice goodwill and client based intangible assets and how they are treated under various methods. The special partnership provisions applicable to sales and redemptions will be contrasted.

Lecturer Bio

Robert S. Barnett, Esq.

Robert S. Barnett, JD, Masters (Taxation), CPA, is a founding partner of Capell Barnett Matalon & Schoenfeld LLP, Attorneys at Law. His practice is highly concentrated in the areas of taxation, trusts, estates, corporate and partnership law and charitable planning. His experience includes Surrogate’s Court practice, tax dispute resolution, Tax Court representation, and structuring financial transactions and charitable gifts.

Mr. Barnett applies creative and practical solutions to estate and business planning. He has served on many committees, is a frequent lecturer, and has published articles on numerous aspects of tax and business law. He is an active participant and serves on many professional and charitable boards.

Mr. Barnett received his juris doctor in 1986 from Fordham University, where he graduated cum laude and was a member of the Fordham Law Review. He graduated magna cum laude from Hofstra University, where he received his Bachelor’s degree in accounting and is presently an adjunct professor in their graduate tax program. Mr. Barnett holds a Master’s degree in taxation as the recipient of the highest dean’s award. Mr. Barnett is admitted to practice law in New York, Virginia and Washington, D.C.

The National Academy of Continuing Legal Education is a Florida Bar Accredited CLE Sponsor (Sponsor # 0185716). To view our full accreditation details, please click here.


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