Robert E. Reetz,Jr., Partner, McGinnis Lochridge to Speak at KC’s Event

 
NEW YORK - Sept. 14, 2015 - PRLog -- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Robert E. Reetz,Jr., Partner, McGinnis Lochridge, will speak at the Knowledge Congress’ webcast entitled: “Complex Tax Challenges – Shareholder’s Basis in S Corporation Stock and Debt: What You Need to Know in 2015 LIVE Webcast” This event is scheduled for September 16, 2015 from 3:00pm – 5:00pm (ET).

For further details, please visit:


theknowledgegroup.org/event_name/complex-tax-challenges-shareholders-basis-in-s-corporation-stock-and-debt-what-you-need-to-know-in-2015-live-webcast/

About Robert E. Reetz,Jr.

Robert E. Reetz, Jr. concentrates his law practice in the areas of Mergers and Acquisitions, Taxation, Corporate Restructuring, Business Organizations, Financing Transactions and Contracts. As a Certified Accountant and Board Certified in Tax Law by the Texas Board of Specialization, Mr. Reetz is able to provide a distinctive perspective on maximizing the shareholder/owner value in a business transaction though the formation, merger, spin off, reorganization, merger or acquisition. Mr. Reetz has managed the start up of an entity or organization, guide it through its development and through the most challenging aspects of the business life including the ultimate sale of the business or transition to new ownership and management. With years of experience as a tax attorney, Mr. Reetz is able to provide tax planning for a business along with representing taxpayers in controversy matters all the way through the administrative process including the U.S. Tax Court. His experience includes planning and preparing corporation documentation such as stock option plans, stock transactions, secured transactions, employee benefits, loan documentation and estate tax planning. Mr. Reetz’s current professional activities includes serving as the president of the Austin Tax Study Group. He has also been recognized by Martindale Hubbell® as an AV® Preeminent™ attorney and has been named to the Best Lawyers© list in the field of Tax law since 2012. Mr. Reetz is also involved in his community and serves on several neighborhood and boards.

About McGinnis Lochridge

McGinnis Lochridge is a highly experienced, multi-practice Texas law firm that has provided innovative, efficient, timely, and effective legal services for our clients for 85 years. Formed in 1927 and continuing to spread its deep roots in Texas and the greater southwest, the firm has maintained and strengthened its legislative, regulatory and judicial traditions. We have been fortunate to count among our lawyers distinguished leaders in judicial, legislative and other governmental positions, including state and federal trial judges, a Chief Justice and a Justice of the Texas Supreme Court, a Justice on the U.S. Court of Appeals for the Fifth Circuit, state and federal legislators, a past president of the Texas Bar and a Governor of Texas. The firm continues to grow and adapt to meet our clients’ diverse needs in a changing and increasingly complex business and legal environment.

With offices in Austin and Houston, the firm maintains a broad civil law practice in all Texas state and federal agencies, courts, and before the Texas legislature. Our clients range from individuals and small businesses to some of the world’s largest corporations.

At McGinnis Lochridge, each client and every legal matter receives senior-level attention. This level of focus ensures maximum value, efficiency and results. At the same time, the breadth of our practice areas enables clients to rely on McGinnis Lochridge as a comprehensive resource — a single-source, trusted advisor that can address their most challenging business and legal needs.

Event Synopsis:

Few things match the daunting complexity and confusion of tax regulations regarding Unicap and partnership capital account maintenance rules. But, determining Shareholder’s Basis in S Corporation Stock and Debt is a challenge even to taxation specialists. In July 2014, the IRS issued final regulations addressing indebtedness of S corporations to their shareholders, ruling that S corporation shareholders may increase their debt basis only if the indebtedness is bona fide.

Ideally, shareholders must track this basis. But in-variably, this is left to tax professionals. The rules are written to distinguish between C and S corporations. In S corporations, tax on income is allocated to the corporation’s shareholders who report it in their individual tax returns (pass through). Debt must be directly from the shareholder to the S corporation and the shareholder must have an actual economic out-lay.

The Knowledge Group has assembled a panel of key thought leaders to provide the audience with an over-view and in-depth discussion of S Corporation stock and debt shareholder basis regulations, challenges, and legal up-dates. In this CLE webinar, the panel of speakers also will help listeners understand how distributions from an S corporation are taxed, how to calculate and adjust a shareholder’s initial stock and debt basis, determine the timing and ordering rules and consequences of re-paying reduced-basis debt, and they will discuss compliance risks.

Some of the major topics that will be covered in this course are:

§  S Corporation Regulations
§  Recent Legal Issues on S Corp and Tax- Exempt Organizations
§  C Corporation vs. S Corporation
§  Direct Debt
§  Economic Outlay
§  Fund Sources and Flow
§  Unrelated Business Taxable Income (UBTI) Liabilities
§  Excess Business Holdings Tax
§  Best Practices to Resolve Complex Tax Challenges
§  Possible Legal Actions

About The Knowledge Group/The Knowledge Congress Live Webcast Series

The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org

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Tags:Robert E. Reetz, S Corporation, Tax
Industry:Legal
Location:New York City - New York - United States
Subject:Events
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