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Family Partnerships (click any line to expand, or tol read the article)

1. Tax and Other News Headlines

2. Family LP Table Of Contents

3. Fact Finders For Planning

4. About the FLP - Intro and Starting

   1. About the FLP

   2. Advantages and Disadvantages - FLP

   3. A Planning Technique

   4. Basics Article

   5. Forming and Funding the FLP

   6. Funding - Appropriate Assets for the FLP

   7. Funding - Inappropriate Assets

   8. Funding - Tax Trap

   9. Impact of Estate Tax Repeal - FLP

   10. Indirect Gifts - Partnerships, Corp, etc.

   11. Indirect Gifts - Dangers, Pitfalls and Redflags

   12. Making Annual Gifts - FLP Interests

   13. What They Are

5. Accounting Methods - see "General Business"

6. Acquisitions and Mergers

7. Asset Protection

   1. Asset Protection

8. Basis

   1. See Also "Capital Gains"

   2. Adjusted Basis

   3. Property - Proof of Cost

   4. Property Basis - Acquired by Gifts

   5. Property Sales - Property Given To You

   6. Property Basis - Recvd by Inheritance 2

   7. Property Basis - Acquired by Inheritance

   8. Property Basis Acquired By Reacquisition

   9. Sale of Prop - Gain or Loss

   10. Stepped Up Tax Basis (Inherited Property)

9. Bypass Trusts

   1. Bypass (Credit Shelter) Trusts Can Be A Disaster

   2. By (Cr Shelter) Trusts Can Be A Disaster PDF

10. Capital Gains

    1. See Also "Basis"

    2. Address Change

    3. Basis - Acquired by Gifts

    4. Basis - Recvd by Inheritance 2

    5. Basis - Acquired by Inheritance

    6. Basis Acquired By Reacquisition

    7. Capital Gains (Changes in 1997-1998)

    8. Capital Gains

    9. Capital Gains - Introduction

    10. Capital Gains - Real Property

    11. IRS Challenge - Real Estate

    12. Like Kind Exchange - aka §1031 Exchange

    13. Like Kind Exchange - aka §1031 Exchange

    14. Like Kind Exchange - aka §1031 Exchange

    15. Like Kind Exchange - aka §1031 Exchange

    16. Like Kind Exchange aka §1031 Exchange

    17. Proof of Cost

    18. Real Estate Binders

    19. Real Estate Closings - Exception to 1099-S

    20. Real Estate Sale Reporting - 1099S

    21. Residence Sales - Basis

    22. Residence Sale - Introduction

    23. Residence - Sale, Plain English

    24. Sales - Business Property

    25. Sales - How Much Is Taxable?

    26. Sales Organizer

    27. Sales - Installment Sales Organizer

    28. Sales - Property Given To You

    29. Sales - Residence Sale Organizer

    30. Sales - Residence IRS Pub 523

    31. Sales - Like Kind Exchange

    32. Sales - Transferred Asset Organizer

    33. IRS Challenge - Real Estate

    34. Property Sales - Property Given To You

    35. Real Estate Binders

    36. Real Estate Closings - Exception to 1099-S

    37. Real Estate Sale Reporting - 1099S

    38. Residence Sale - Introduction

    39. Personal Residence Sales - Basis

    40. Personal Residence - Sale, Plain English

    41. Capital Gains (Changes in 1997-1998)

    42. Capital Gains

    43. Capital Gains - Introduction

    44. Capital Gains - Real Property

    45. Like Kind Exchange aka §1031 Exchange

11. Cash Distributions

12. Checklists

13. Control

14. Debt

    1. Debt Table of Contents

    2. Loaning Money Lesson

    3. Loans - SAMPLE Documents

    4. Money You Loan To Your Corporation

    5. Mortgage Interest

    6. Mortgage Management

    7. Paydex and D&B Ratings

    8. Promissory Note with Security Agreement Organizer

    9. Promissory Note with Security Agreement

    10. Security Agreement Organizer

    11. Security Agreement

    12. Specific Guaranty Agreement Checklist

    13. Documents/Debt/promissory_note.DOC

    14. Promissory Note with Security Agreement Organizer

    15. Promissory Note with Security Agreement

15. Deductions and Write-off's

    1. Fact Finders For Planning

    2. Deductions and Write-off's

    3. Tax Deductions - Protect Them

16. Employment

    1. Employee Business Deductions

17. Estate Tax Reduction

    1. Estate and Gift Tax Impact

18. Fact Gathering

    1. Fact Finders For Planning

    2. TAX ORGANIZERS

    3. Organizer for Partnership Return

19. Forming

    1. Taxpayer ID Number Application

20. Fraudulent Transfers

21. Funding

    1. Annual Exclusion

    2. Forming and Funding the FLP

    3. Funding - Appropriate Assets for the FLP

    4. Funding - Inappropriate Assets

    5. Gifts of Interests

    6. Indirect Gifts - Partnerships, Corp, etc.

    7. Making Annual Gifts - FLP Interests

    8. Present Interest Exec Summary

    9. Successful Transfers

    10. Transfer Errors

    11. Transfers, Following Completed Gift Rules

    12. Present Interest Challenge - FLP & Family LLC

    13. Present Interest Element

22. Gift Taxes

    1. Annual Exclusion

    2. Client Letter, Following Completed Gift Rules

    3. Estate and Gift Tax Impact

    4. Gifts of Interests

    5. Gifts - Indirect gifts

    6. Gifts - successful transfer

    7. Gifts - Transfer Errors

    8. Family Ltd Partnership - Present Interest Exec Summary email version

    9. Family Limited Partnerships - Present Interest Exec Summary

    10. Present Interest Challenge - FLP & Family LLC

    11. Family Ltd Partnerships or Family LLC

    12. Hackl v. Commissioner

    13. Indirect Gifts - Dangers, Pitfalls and Redflags

    14. Knight Decision

    15. Present Interest Video (asf)

    16. Present Interest Video (wmv)

    17. Family Ltd Partnership - Present Interest Exec Summary

    18. Present & Future Gifts - FLP Approved

    19. Present & Future Gifts - Failed Transfer

    20. Successful Transfers

    21. Strangi Decision

    22. Transfer Errors

    23. Family Ltd Partnership - Present Interest Exec Summary email version

    24. Family Limited Partnerships - Present Interest Exec Summary

    25. Family Ltd Partnerships or Family LLC

23. Income

24. Income Tax Reduction

    1. Income Tax Impact

25. IRS Forms & Publications

26. Letters to Bob Parrish CPA Clients

    1. client letter

    2. Letter to clients

    3. Letter to clients - IRS Attacks

27. News Briefings

    1. 2003 Tax Law Briefing

28. Records

    1. For A More Complete Listing See Records

    2. Records Retention - Disaster Mitigation

    3. Records - General Discussion (MS Word)

    4. Records Individuals Should Keep

    5. Records for All Money Received

    6. Advice to Advisers ~ Records for Deposits

    7. Records For Business

    8. Records - Troublesome Albeit Crucial

    9. Records Retention

    10. Records Retention

    11. Records Retention - ppt

    12. Records – Rention? (slides in your browser)

    13. Records Retention - Acrobat Reader

    14. Business Startup - Records Required

    15. Travel Deductions Recordkeeping

    16. Tax Records - General Comments

    17. Recordkeeping IRS Publication

    18. Tax Records- Basic

29. Related Topics

    1. Adjusted Basis

    2. Compare FLP & Loans

    3. Family Ltd Partnerships - Or Loans, A Comparison

    4. Families & Taxes

    5. Warnings

    6. IRS Attacks 12/2000

    7. private letter ruling 9751003

    8. Problems and Questions Pre PLR 9751003

    9. Problems & Questions

    10. Study IRS Attacks

    11. USTC Approvals

    12. Family Ltd Partnerships or Family LLC

    13. Family Ltd Partnerships or Family LLC

    14. Family Ltd Partnership

    15. Family Ltd Partnership - Present Interest Exec Summary

    16. FamilyLP/knight.pdf

    17. FamilyLP/strangi.pdf

    18. Family Employed by Self-employed

    19. Medical Savings Accounts

    20. Payroll-See General Business

    21. Real Estate Recapture of Depreciation

    22. Self-employed Health Insurance

30. Suitability

    1. When To Use

31. Tax Cases & Letter Rulings

    1. Family LP ~ USTC Approvals

    2. Family Limited Partnerships - Present Interest Exec Summary

    3. Present Interest Video (wmv)

    4. Private letter ruling 9751003

    5. Hackl v. Commissioner

    6. Knight Decision

    7. Strangi Decision

32. Telephone

    1. Telephone Tax Credit

33. Trusts

    1. Bypass (Credit Shelter) Trusts Can Be A Disaster

    2. By (Cr Shelter) Trusts Can Be A Disaster PDF

34. Warnings

    1. Attacks - a study

    2. Fact Finders For Planning

    3. Gifts Incomplete - PLR

    4. Gifts - Successful

    5. IRS Attacks 12/2000

    6. Family Limited Partnership - Warnings

    7. Family Limited Partnership - private letter ruling 9751003

    8. Indirect Gifts - Partnerships, Corp, etc.

    9. Indirect Gifts - Dangers, Pitfalls and Redflags

    10. Knight Decision

    11. Warnings

    12. Present Interest Video (wmv)

    13. Present Interest Challenge - FLP & Family LLC

    14. Family Limited Partnerships - Present Interest Exec Summary

    15. Hackl v. Commissioner

    16. private letter ruling 9751003

    17. Problems and Questions Pre PLR 9751003

    18. Problems & Questions

    19. Strangi Decision

    20. Study IRS Attacks

    21. Successful Transfers

    22. Transfer Errors

    23. Present & Future Gifts - Failed Transfer

    24. Family Ltd Partnership - Present Interest Exec Summary

    25. FamilyLP/knight.pdf

    26. FamilyLP/strangi.pdf

    27. IRS Challenge - Real Estate

    28. Family Ltd Partnerships or Family LLC

    29. family limited partnership client letter

    30. Family Limited Partnership - Annual Exclusion

    31. Family Limited Partnerships - Client Letter, Following Completed Gift Rules

    32. Family Ltd Partnerships - Gifts of Interests

    33. Family Limited Partnership - Warnings

    34. Family Ltd Partnership Pitfalls - IRS Attacks 12-2000

    35. FLP - Problems and Questions

    36. Family Ltd Partnerships - Study IRS Attacks

    37. Family Limited Partnership - Transfer Errors

    38. Family Ltd Partnership Pitfalls - IRS Attacks 12-2000

35. Year End Choices - see "General Business"