Transactional Committee
The Transactional Tax Committee seeks to provide a forum for discussion and education for lawyers practicing in the area of taxation of business transactions. Past committee meetings have covered tax issues in Workouts, Indopco Regs and Capitilization Rules, Contingent Consideration and Liabilities in Taxable Transactions, and Circular 230 Tax Opinion Standards.
Meeting Schedule
Utilizing NOLs and other Losses: A Review of Recent Changes
Given the state of the economy, many taxpayers are faced with current year (or 2009) business and investment losses and are naturally curious about whether these losses can be utilized to generate tax refunds, or to limit tax going forward. Among the topics we will address are these: (1) How to plan for and apply the new 5-year NOL Carryback rules, which became effective in February 2009; (2) Recent guidance related to Section 382 limitations; and (3) Advising clients on how to claim (and document) a worthless stock deduction.
When: Thursday, February 11, 2010
Noon to 1:30 p.m.
Where: Riddell Williams
1001 Fourth Avenue Plaza, Ste. 4500, Seattle
Lunch: We will provide a light lunch for those who RSVP.
(Lunch sponsor: Summit Law Group)
RSVP: Please RSVP by February 10 to Chris Brown of Summit Law Group, PLLC, at chrisb@summitlaw.com.
Past Meetings
- December 10, 2009: "Private Equity and Venture Capital Investments in LLCs: A Review of the Tax Obstacles"
- October 8, 2009: "Washington State Tax Issues in Business Transactions"
- August 13, 2009: "Passive Activity Losses: New Leniency for LLC Members"
Transactional Committee Chair
Christopher S. Brown
E-mail: chrisb@summitlaw.com
