About the Program:
This course will focus on IRS estate and gift valuation issues, including current developments. The topics of discussion will include currently acceptable valuation methods, the status of valuation discounts for lack of control and marketability involving closely held entities and the status of C corporation built in gains tax discounts. Other topics that will be explored are the use of family LLC’s and partnerships to achieve valuation discounts, the effect of Internal Revenue Code Section 2036 on such arrangements, the use of valuation adjustment clause, and other recent case law developments.
W. Curtis Elliott, Jr. has practiced law since 1983. His peers have recognized him as one of the Best Lawyers in America in tax law. Curtis represents business owners and entrepreneurs in business matters, and provides tax counsel to larger corporate clients. He helps clients achieve their family and business goals and solve tax problems. Curtis has helped many business owners develop sophisticated estate planning and business succession solutions for their companies. His work includes insurance trusts, shareholder trusts and buy-sell agreements, mergers and acquisitions and real estate tax planning. His industry experience includes clients in real estate development, construction, healthcare data management, distribution and logistics. Curtis's clients are located in both the Charlotte area and across the southeast United States.
Curtis also has extensive courtroom experience in high stakes tax cases. He litigates federal tax controversies before IRS Administrative Appeals, the U.S. Tax Court and the Federal District Courts. His advocacy has resolved some of the most complex tax issues for clients. Curtis handles all types of tax cases, including civil IRS proceedings, U.S. Tax Court litigation, IRS criminal tax investigations and tax trials in the state and federal courts. Curtis's tax controversy clients range from Fortune 500 corporations to private companies and decedents' estates. He also litigates trust and estate cases for clients.
Curtis has been asked to speak at numerous tax controversy and litigation panels across the country – see speaking engagements, below. He is a past Chair of the ABA Tax Section's Committee on Court Procedure and Practice, and a past Chair of its Committee on Appointments to the U.S. Tax Court. Additionally, Curtis is a co-author of the nationally published treatise entitled Valuation Practice in Estate Planning and Litigation, published by Clark Boardman and Callahan in 1994.
This seminar qualifies for 1.0 MCLE credit hour.
This seminar is Intermediate Level.
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, use this course code: 179038ADO