Creative Tax Planning for Real Estate Transactions - CLE, Continuing Legal Education - ALI
Creative Tax Planning for Real Estate Transactions
  • 34th Annual Advanced Course of Study/Live Video Webcast for Inside and Outside Counsel
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Shipped to you: Printed Coursebook | MP3 CD-ROM | DVD Video

Available Online: Online CLE | MP3 Audio Files | Coursebook

Why You Should Attend

Enthusiastic attendees of this annual advanced course have pinpointed why it will benefit your practice as a real estate professional:

The “great materials, great topics, and great speakers” help you absorb sophisticated planning techniques for dealing with the multifaceted federal income tax consequences of real estate investments and transactions.

The dynamic, nationally recognized panel shares with you “a perfect mix” of updated subject matter coverage, along with new ideas and methods that its members employ daily in their practices— creative but highly practical approaches to minimizing and deferring tax while achieving the business goals of the parties.

The curriculum encompasses “deep coverage of sophisticated issues” and “very hands on useful knowledge” over 15 hours of accredited instruction — strategies and techniques for joint venturing, financing, development, operation, and disposition of commercial property, whether through sale, tax-free exchange, or contribution to another entity.

Panel Discussions and Open Mic Breakfast

Lively panel discussions allow for an exchange of ideas and exploration of the pros and cons of various tax planning solutions. (“Really appreciate hearing differences of opinion among the experts.” “Enjoy the panel discussions . . . how concepts apply practically.”)

An “open mic” breakfast with the faculty provides time for extended discussion of questions and issues raised by registrants.

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What You Will Learn


Key topics covered in depth include:

Successful approaches to minimizing and deferring federal taxes in a complex legal and regulatory environment; recent developments

Government perspective on key issues affecting partnership and real estate taxes – hear from top IRS and Treasury officials

Capital gains planning

Partnership allocations under Sections 704(b) and 704(c)

Repair regulations

Partnership liability allocations

Tax-free equity extraction techniques, including leveraged partnerships and the impact of Canal Corporation

Lease terminations, inducements, and incentives


New 3.8% tax on net investment income

Like-kind exchange issues

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Who Should Attend

Attorneys, accountants, developers, and other professionals involved in commercial real estate transactions will benefit from attending this program. In the words of one attendee, “I would highly recommend this course to both newly admitted and veteran attorneys.”

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Planning Chairs

Blake D. Rubin, McDermott Will & Emery LLP, Washington, D.C.

Richard E. Levine, DLA Piper LLP (US), Baltimore

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Craig A. Gerson, Attorney-Advisor, Office of Tax Policy, U.S. Department of Treasury, Washington, D.C.

Curtis G. Wilson, Associate Chief Counsel, Passthroughs & Special Industries, Internal Revenue Service, Washington, D.C.


Terence F. Cuff, Loeb & Loeb LLP, Los Angeles

Glenn E. Dance, Ernst & Young LLP, Washington, D.C.

Jon G. Finkelstein, McDermott Will & Emery LLP, Washington, D.C.

Howard J. Levine, Roberts & Holland LLP, Washington, D.C.

Robert G. Honigman, Arent Fox LLP, Washington, D.C.

Leslie H. Loffman, Proskauer Rose LLP, New York

George Manousos, PricewaterhouseCoopers LLP, Washington, D.C.

Brian J. O’Connor, Venable LLP, Baltimore

Stephen L. Owen, DLA Piper LLP (US), Washington, D.C.

Sanford C. Presant, Greenberg Traurig, LLP, Los Angeles

James B. Sowell, KPMG LLP, Washington, D.C.

Steven R. Schneider, Goulston & Storrs, P.C., Washington, D.C.

Stefan F. Tucker, Venable LLP, Washington, D.C.

Andrea Macintosh Whiteway, McDermott Will & Emery LLP, Washington, D.C.

Lary S. Wolf, Roberts & Holland LLP, New York

ALI CLE Program Attorney: Thomas M. Hennessey ( 

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Program Schedule


7:00 a.m. Registration and Continental Breakfast

7:55 a.m. Welcome and Announcements - ALI CLE Staff

8:00 a.m. Fundamentals of Partnership Taxation (optional session for registrants desiring additional background) - Messrs. R. Levine and Rubin

9:00 a.m. The Year in Review - Mr. Tucker

10:00 a.m. Government Perspective: Hot Topics in Partnership and Real Estate Taxation - Messrs. Gerson,Rubin, and Wilson

11:00 a.m. Networking and Refreshment Break

11:15 a.m. Capital Gains Planning - Messrs. Honigman, Owen, and Rubin

12:15 p.m. Lunch Break

1:45 p.m. Partnership Agreement Drafting Session: How To Structure and Document Joint Ventures - Messrs. Honigman, Loffman, Owen, Presant, and Wolf

3:15 p.m. Networking and Refreshment Break

3:30 p.m. Making Section 704(c) Work for You - Messrs. Loffman and Wolf and Ms. Whiteway

4:45 p.m. New Proposed Repair Regulations - Mr. Manousos

5:30 p.m. Adjournment for the Day
Reception for Faculty and Registrants


8:00 a.m. “Open Mic” Questions and Answers and Continental Breakfast with the Faculty

9:00 a.m. Creative Planning To Control Partnership Liability Allocations - Messrs. Dance, Finkelstein, and Rubin

10:00 a.m. Tax-Free Equity Extraction Techniques, Including Leveraged Partnerships and the Impact of Canal Corporation - Messrs. Cuff, Finkelstein, and Rubin and Ms. Whiteway

10:45 a.m. Networking and Refreshment Break

11:00 a.m. Tax-Free Equity Extraction Techniques, Including Leveraged Partnerships and the Impact of Canal Corporation (Cont'd)

11:45 a.m. New Partnership Non-Compensatory Option Regulations - Messrs. Dance and Rubin

12:30 p.m. Lunch Break

2:00 p.m. Real Estate and Partnership Workouts - Messrs. Cuff, O'Connor, Schneider, and Sowell

3:15 p.m. Networking and Refreshment Break

3:30 p.m. New 3.8% Tax on Net Investment Income - Messrs. O'Connor and Schneider

4:00 p.m. Hot Like-Kind Exchange Issues - Messrs. Cuff, Dance, and H. Levine

5:30 p.m. Adjournment

Total 60-minute hours of instruction: 15 hours (including "open mic" Q&A session)

Suggested Prerequisite: Experience in legal practice in subject matter

Educational Objective: Maintenance of professional competence as a practitioner; provision of information on recent legal developments

Level of Instruction: Advanced

Click Here for MCLE Credit Information

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Here's what registrants have said about this course:
Deep coverage of sophisticated issues. Very hands-on useful knowledge, strong answers for various questions.
This has been an excellent presentation — one I would attend again. Good job!
The material presented is excellent.
Great materials, great topics, and great speakers. Good practical discussions on very relevant subjects and topics to my practice.
Great update course to get info on all new developments affecting tax, partnerships and K.P. Thank you for a great course.
This was the most useful and interesting continuing education program I have done in a long time, possibly ever! The panelists all went out of their way to share their knowledge and insights in a helpful manner. I appreciate them taking time from their no doubt very busy practice to contribute to this program. I would definitely attend this course again.
Course was excellent, have attended several times in the past.
One of the few seminars in the country that have addressed REIT tax topics.
This course was exactly what I was looking for as an attorney who’s working as In-House Counsel and have only been practicing for 2-3 years. I regularly work on JV and real estate transactions which deal extensively with the topics and subject matter covered in the course. There was a perfect mix of covering subject matter which I needed to ‘brush up’ on and new ideas and techniques. I would highly recommend this course to both newly admitted and veteran attorneys.
A monumental effort was made to have the best practitioners present their materials. The quality of the course more than met my expectations.
Over my career I have attended a lot of CPE. This meeting was one of the best. Relevant topics, current topics, national speakers, really an excellent meeting.
I have been attending this course and its progenitor since 1976 and it is just the best course out there.
Great speakers. Very knowledgeable. Really appreciate hearing differences of opinion among experts.
This is an excellent course and I look forward to it every year. I often use the materials throughout the year in my practice. I really enjoy the panel discussions and how we learn how concepts apply practically.

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All times are Eastern

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