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DTSTART:20210322T170000Z
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LOCATION:Zoom Web Conference - Link to be provided on Friday before the event
UID:2062720210322T170000ZLife Insurance Tax Traps: Transfer for Value Rules and Entity-Owned Policies
DTSTAMP:20260306T000909Z
DESCRIPTION:\nMarch 22, 2021 from 12:00 – 1:00 pm Zoom Meeting Only\n \nLife Insurance Tax Traps: Transfer for Value Rules and Entity-Owned Policies\n \nAbout the program 2017 tax reform attacked the life settlement industry, causing certain transfers of life insurance to make death benefits subject to income tax.  Halloween 2019 saw the issuance of final regulations, in which the transfer for value rule was completely overhauled – not just for the 2017 change.  Learn the significance of these changes.  We will also cover how to avoid income tax traps that exist for buy-sell life insurance issued after August 2006.\n \nAbout the Speaker\n \nSteve Gorin is a partner in Thompson Coburn LLP.  Before practicing law, Steve practiced accounting for 8 years and was a partner in a local CPA firm; he still maintains his CPA license and CGMA designation  For more about Steve, see http://thompsoncoburn.com/people/steve-gorin.  Steve’s materials are excerpted from over 2,500 pages of a fully searchable PDF that discusses strategic income tax and estate planning issues in structuring businesses.  To obtain the PDF and receive quarterly a link to the most recent version, both at no charge, go to http://www.thompsoncoburn.com/forms/gorin-newsletter or email Steve at sgorin@thompsoncoburn.com with your complete contact information.\n \nIn addition to varios formal comments Steve has written on various business planning topics for ABA RPTE or ACTEC over the years, Steve submitted his own comments on the 2019 proposed regulations to the transfer for value rule, much of which is reflected in the final regulations.\n \n \n \nReservation Policy\n \nAll attendees are required to register in advance.  Webinar Group - Members $12 and $25 for guests. If you reserve and are unable to attend, please cancel your reservation at least 24 hours in advance of the meeting to receive a refund or a credit for a future meeting. \n ------\n\n \nContinuing Education\n \nEPCSTL has requested approval for continuing education in the following areas: Banking, CLE, CPE, CFP, L&H Insurance   \n \nEPCSTL is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.\n \nComplaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: [www.learningmarket.org](http://www.learningmarket.org/). Complaint resolution policy: please note your problem in the speaker evaluation.\n \nCPE Information for CPAs\n \nCPE Learning Objectives\n \nHow regulations revamped the rules governing transfers of life insurance policies \n \nHow to avoid income tax traps for life insurance used in buy-sell agreements \n \nDelivery Method: Live\n \nEarn 1 CPE Credits for this session. \n        Field of Study: Specialized knowledge.\n        Program: Intermediate\n        Prerequisites: There are no prerequisites or advanced preparation for this session.\n        Who should attend: Everyone at all levels\n \nA certificate of completion will be available for those CTFAs, CPAs, and CWS designees who feel the program satisfies their continuing education requirements.\n \nCFP Learning Objectives\n \nHow regulations revamped the rules governing transfers of life insurance policies \n \nHow to avoid income tax traps for life insurance used in buy-sell agreements  \n \n  \n ------\n\n \nClick [HERE](https://www.epcstlouis.org/members/application) for the EPCSTL New Member Application\n \n \n
SUMMARY:Life Insurance Tax Traps: Transfer for Value Rules and Entity-Owned Policies - Estate Planning Council of St. Louis 
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