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Course Detail

The Documents Matter: How the Law of Backdating and Rescission Limits the Ability to Shape Tax Results  

CATEGORY: Taxation
COURSE ID: W306T, VERSION 1.00
(20)
  Webinar
2 CPE Credits
Level: Basic

What happens if a client transfers assets to a C corporation and then changes his mind after getting advice from a tax accountant?  Can he undo the transaction?  What if a client tells you that he made a gift of stock in his company to his daughter in November, but they never got around to documenting anything?  In the meantime, the value of the stock has likely increased.  Can he sign the documents making the gift showing a November date?  The legal doctrines of rescission and backdating can place significant limits on the ability to unwind transactions and to execute the documents giving effect to a tax event.  This webinar will explain these doctrines, illustrating their application with many practical examples.

Instructor: Jennifer Kowal
Instructor assignments are fluid and subject to change.

NOTE: The voluntary IRS Annual Filing Season Program (AFSP) requires that CE Sponsors collect PTINs from IRS professionals who wish to receive IRS credit. IRS PTIN holders (including Enrolled Agents) should enter their IRS PTIN into Checkpoint Learning so that course completions can be reported to the IRS. You do not need to enter your PTIN for each course you take; you only need to add it once. If you have any questions on how to do this, please contact us 800-431-9025.

THIS WEBINAR IS NOT ELIGIBLE FOR CTEC CREDIT.

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