Robb Longman represents his clients in business matters, tax planning and litigation, as well as estate planning. Robb regularly assists businesses with the drafting of corporate documents, drafting contracts, negotiating contracts, addressing employee agreements, and formulating succession planning.
On-Demand:December 21, 2022
$195.002 hour CLE
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This seminar will discuss tax issues that can arise in the planning and administration of both estates and trusts. It will focus on tax planning issues while drafting a will or a trust. It will also discuss proper tax deductions and other tax issues that should be considered during the administration of an estate.
Key topics to be discussed:
Recent Tax Updates
Possible IRS Issues for an Estate
Valuation of Estate Assets
Income Tax vs. Estate Tax
Handling Tax Issues That Will Arise in an Estate
Irrevocable Life Insurance Trusts
Generation Skipping Tax
Tax Consequences of Gifts
Date: December 21, 2022
Robb A. Longman | Longman & Van Grack, LLC
Robb Longman represents his clients in business matters, tax planning and litigation, as well as estate planning. Robb regularly assists businesses with the drafting of corporate documents, drafting contracts, negotiating contracts, addressing employee agreements, and formulating succession planning. Robb’s clients have continued to grow their businesses into large profitable companies.
Robb’s extensive background in tax law provides him with the ability to advise his clients not just on the corporate matters but the tax effects of those matters as well. In fact, as head of the Firm’s Tax Practice, Robb is the former Chair of Maryland State Bar Association’s Tax Section, the Vice-Chair of the American Bar Association’s (ABA) Section of Taxation Closely Held Businesses Committee, and a regularly speaker at tax seminars to attorneys and businesses on the latest tax law issues. Robb has also testified before the Maryland House of Delegates on tax legislation for the State of Maryland. Robb regularly works with his clients to devise strategies to help them minimize their taxes in their business or personal transactions. Additionally, Robb is a regular speaker on panels and presentations with the American Bar Association’s Section of Taxation Meetings.
Additionally, Robb has successfully represented many businesses, individuals, and non-profits before the Internal Revenue Service and state taxing agencies. Robb represents his clients in tax audits, in the United States Tax Court, the Maryland Tax Court, and Robb regularly assists his clients in resolving outstanding tax debts.
Robb also works with each of his clients to help them plan for their future through estate planning, tax planning, and trust planning. With his extensive knowledge of the tax laws, Robb works with his clients to ensure that their estate plans are set up so they can take advantage of estate deductions and protecting their funds while passing the most of their assets to their families.
I. Recent Tax Updates | 11:00am – 11:10am
II. Proposed Legislation | 11:10am – 11:20am
III. Possible IRS Issues for an Estate | 11:20am – 11:30am
IV. Basis Issues | 11:30am – 11:40am
V. Valuation of Estate Assets | 11:40am – 11:50am
VI. Income Tax vs. Estate Tax | 11:50am – 12:00pm
Break | 12:00pm – 12:10pm
VII. Handling Tax Issues That Will Arise in an Estate | 12:10pm – 12:25pm
VIII. Irrevocable Life Insurance Trusts | 12:25pm – 12:40pm