Free Downloadable Real Estate Purchase Agreements - PDF by sck21204

VIEWS: 68 PAGES: 6

More Info
									    Satisfy Your CLE and CPE Requirements!




 Eleventh Annual
 Real Estate Tax Forum
    New York City, February 9-10, 2009
    Live Webcast, February 9-10, 2009 — www.pli.edu




      • Understand the issues arising in joint ventures with
         opportunity funds, REITs and foreign investors

      • Explore the use of creative deferral and
         non-recognition strategies, including
         “hope certificates” in contribution transactions

      • Get tips for dealing with the new legislation
         on “carried interests”

      • Examine the unique issues involved in reverse
         and related-party like-kind exchanges

      • Identify ethical issues arising in real estate tax practice




Do You Know There Are 5 Ways To Attend PLI’s Programs? See inside for details...


                           Register Online at www.pli.edu or Call (800) 260-4PLI
Eleventh Annual
Real Estate Tax Forum
New York City, February 9-10, 2009
Live Webcast, February 9-10, 2009 — www.pli.edu



Why You Should Attend
At this annual program, nationally recognized real estate tax experts will provide
attorneys, accountants and real estate professionals with both an overview of the tax
laws pertaining to real estate ownership and investment, and a detailed analysis of
the most sophisticated and creative tax planning techniques available for structuring,
restructuring and unwinding real estate transactions in today’s challenging capital
markets. Using extensive visual aids and actual deal structures, this group of entertaining
speakers/practitioners will share their vast experience, using today’s state-of-the-art
planning techniques, with an emphasis on the practical approach to solving difficult
tax issues affecting real estate investors and operators.
What You Will Learn
• Stay current with an overview of the latest developments in real estate taxation
• Examine joint ventures with real estate private equity and opportunity funds,
  tax exempt investors’ UBIT and REITs, including new rules concerning parking
  facilities and Section 470 loss disallowance
• Get tips on handling complex workouts and restructuring issues in joint ventures and LLCs
• Strategies for dealing with the new legislation on “carried interests”
• Learn to draft effective tax provisions for partnership and LLC agreements
  (including book-ups for service partners)
• Designing creative deal structures: choosing the right entity for doing the deal
• Explore the use of creative deferral and non-recognition strategies
• Estate planning for real estate ownership
• Receive practical advice on handling foreign investor issues
• Strategies for avoiding income recognition traps and minimizing taxes under
  Sections 704(b), 704(c), 707, 737 and 752
• Review real world ethical issues in real estate tax practice
• Partnership Equity for Services Regulations
• Update on like-kind exchange developments (including tenancies-in-common,
  build-to-suit, reverse and related party exchanges)
Who Should Attend
This Forum is designed for tax attorneys, accountants and real estate professionals who
structure real estate transactions.
Watch and Listen to the Live Webcast at www.pli.edu
A simultaneous live online broadcast of this program is available for individual viewing from
your computer on www.pli.edu. Webcast participants will receive streaming audio/video
instantaneously from the live program, can view and/or print the Course Handbook,
and submit questions electronically. Get “real-time” education right from your PC!
To register for the Webcast, visit www.pli.edu and click Webcasts and select the
Eleventh Annual Real Estate Tax Forum Webcast to purchase the program. Please register
before the first day of the program to allow time to test your system. If you have any
questions whatsoever please call PLI’s Customer Relations Department at (800) 260-4PLI.
PLI can arrange group viewing in your firm by broadcasting live to your conference
room. Plus, receive a discount on purchases of the corresponding Course Handbook.
Contact the Groupcasts Department via email at groupcasts@pli.edu for more details.

Reserve your place today, call (800) 260-4PLI.
     PROGRAM SCHEDULE
                        DAY ONE: 9:00 A.M. – 5:00 P.M.

Morning Session: 9:00 a.m. – 12:15 p.m.                   Afternoon Session: 1:45 p.m. – 5:00 p.m.

9:00 Introduction and                                     1:45 Joint Ventures with
       Opening Remarks                                         Opportunity Funds, Tax-Exempt
Les Loffman, Sandy Presant, Blake Rubin                        Investors & REITs
                                                          (Continued)
9:15 Current Developments
• Impact of recent legislation, regulations and rulings   2:45 Break
• Hot new issues and areas of concern
                                                          3:00 Estate Planning for
• Impending legislation and regulations
                                                               Real Estate Owners
Stef Tucker                                               • Charitable contributions of real estate
10:00 Partnership Tax Allocations                         • Family limited partnerships and LLCs
      & Drafting Agreements                               • Maximizing valuation discounts
• Economic effect under 704(b)                            • Freeze strategies
• Drafting the partnership agreement                      • Installment sales
• Drafting UBIT and clawback savings clauses              • Avoiding loss of control in family transfers
• Service partner book-ups                                Barbara Sloan, Stef Tucker
Les Loffman, Sandy Presant
                                                          4:00 Like-Kind Exchanges
10:45 Break                                               • Reverse and related party exchanges;
                                                            parking transactions
11:00 Joint Ventures with Opportunity                     • Tenancy-in-common funds/
      Funds, Tax-Exempt Investors & REITs                   Delaware Business Trusts
• Current structures and deal terms, including            • Build-to-Suit Exchanges
  contribution transactions and “hope certificates”       • Ethical issues
• Dealing with the new “carried interest” legislation
                                                          Blake Rubin, Bob Schachat, Andrea Whiteway
• 704(c), 707, 737, 752 strategies
• 752 rules on contingent liabilities and                 5:00 Adjourn
  disregarded entities
• New regulations on disguised sales of
  partnership interests
• Rules on built-in loss properties and mandatory
  basis adjustments
• Pulling cash out tax-free                                 Bring the best of PLI’s live
• REIT update (including incentive compensation             programs to your home or office:
  OP Units, LTIPs)                                          Audio CDs and DVDs of this program
• Partnership equity for services regulations               will be available for purchase March 2009.
• Avoiding UBIT (fractions rule issues)                     See Registration Form for details.
• Structures for avoiding UBIT & bad REIT income            MP3s and CLE Now Web Segments/
  (including parking income issues)                         Programs of this program will be available
• Phantom income solutions (including clawbacks)            March 3, 2009 at www.pli.edu.
• Ethical issues                                            There is no easier way to complete your MCLE
Jim Lowy, John Napoli, Barney Phillips, Blake Rubin,        requirement than with PLI’s CLE Now Web
Bob Schachat, Lary Wolf                                     Segments/Programs: We’ve taken PLI’s
                                                            extensive library of previously recorded
12:15 Lunch                                                 programs and made them available online 24/7
                                                            via streaming video and/or audio. These are
                                                            conveniently broken down into 1/2 - 3 hour
PLI’s Nationally Acclaimed                                  programs so you get only the information
Course Handbooks                                            you want. With over 1,500 hours of content
All program attendees will receive a copy of the            to choose from, you’re sure to find a Web
three-volume Course Handbook. These bound                   Segment that will meet your needs. As an
                                                            added bonus, you’ll continue to have access
volumes are prepared specifically for this
                                                            to your Web Segments for one full year and
program and also stand alone as a permanent
                                                            will be able to download the online Course
reference. PLI’s Course Handbooks represent                 Materials that accompany your Web Segment.
the definitive thinking of the nation’s finest legal        At more than 60% off the regular price, there’s
minds, and are considered the standard                      never been a faster, easier, more affordable
reference in the field. Please note: Webcast                way to meet your MCLE requirement.
attendees will have access to a downloadable                All audio CD/DVD products require prepayment and
version of the Handbook one business day prior              are non-refundable, with the exception of defective or
to the program.                                             unopened products.
      Please plan to arrive with enough time to register before the conference begins.
      A continental breakfast will be available upon your arrival.


                                DAY TWO: 9:00 A.M. – 1:00 P.M.

9:00 Choice of Entity/Current                                               11:15 Foreign Investor Issues
     Structures/Tax Planning for LLCs                                       • Joint ventures with offshore investors
     Holding Real Estate/Exit Strategies                                    • Debt vs. equity structures
• Simple and complex tiered structures                                      • Withholding requirements and traps
• Single member LLC issues                                                  • Considerations for U.S. investment abroad
• Mergers and divisions; mixing bowl rules
                                                                            Mike Hirschfeld, Jim Lowy, Bahar Schippel
• Capital gains planning
• Deferring gain recognition                                                12:00 Workouts & Debt Restructurings
                                                                            • Dealing with troubled properties and built-in gains
• Ethics
                                                                            • Foreclosure
Jill Darrow, Jim Lowy, Blake Rubin, Andrea Whiteway
                                                                            • Forgiveness of indebtedness
10:15 Break                                                                 • Forbearance
                                                                            • Resyndication and rollups
10:30 Environmental Tax Issues
                                                                            • Ethical issues
• Recent developments
• Maximizing current deductions for clean-up costs                          Mike Hirschfeld, Bahar Schippel, Linda Swartz
Glenn Carrington, Jim Sowell                                                1:00 Adjourn

     PLI’s Guarantee
     It’s simple. If you’re not completely satisfied with the return on your investment from any
     PLI program, your money will be refunded in full.

     REGISTRATION/HOTEL INFORMATION
      F O U R E A S Y W AY S T O R E G I S T E R
     WEB:               PHONE: (800) 260-4PLI                FAX: (800) 321-0093              MAIL: Practising Law Institute
     www.pli.edu        Monday - Friday, 9 a.m. - 6 p.m.,    Open 24 Hours!                   810 Seventh Avenue, New York, NY 10019
                        Eastern Time                                                          Fax or mail completed Registration/Order Form on back cover

New York City Seminar Location: PLI New York Center,                      New York State CLE Credit: In accordance with the
810 Seventh Avenue at 53rd Street (21st floor), New York, New York        requirements of the New York State Continuing Legal Education
10019. Message Center, program days only: (212) 824-5733.                 Board, this non-transitional continuing legal education program is
New York City Hotel Accommodations:                                       NOT approved for the newly admitted attorney within the first two
Due to high demand and limited inventory in NYC, we recommend             years of admission to the Bar. It has been approved for experienced
reserving hotel rooms as early as possible.                               attorneys for a maximum of 11.0 credit hours, of which 1.0 credit
The New York Hilton & Towers, 1335 Avenue of the Americas,                hour can be applied toward the ethics requirement and 10.0 credit
New York, New York 10019. Reservations (877) NYC-HILT. Please             hours can be applied toward the professional practice requirement.
mention you are booking a room under the Practising Law Institute         California MCLE Credit: PLI is a State Bar of California
Corporate Rate and the Client File N# is 0495741. You may also book       approved MCLE provider. This activity has been approved for
reservations online, go to www.pli.edu for this program, click Hilton     MCLE credit in the amount of 9.5 credit hours, of which 1.0 credit
link to see preferred rates. Enter requested dates and Practising Law     hour will apply to legal ethics. PLI will retain the required MCLE
Institute rates will appear.                                              records for this program.
The Warwick Hotel, 65 West 54th Street, New York, NY 10019.               Continuing Professional Education Course Credit: Only
1 block from PLI Center. Reservations 800-223-4099 or, hotel direct       live programs and live webcasts in group settings are approved for
212-247-2700. Please mention that you are booking a room under            credit. Recommended CPE credit: 11.0 hours, in which all will apply
the Practising Law Institute Corporate rate. Reservations online at       to Taxation. Course level: Intermediate. The Practising Law Institute
www.warwickhotelny.com Click reservations in menu bar on left.            is registered with the National Association of State Boards of
Select desired dates. In 'Special Rates' drop down window select          Accountancy (NASBA), as a sponsor of continuing professional
Corporate Rate. In 'Rate Code' enter PLIN. Click search and select        education on the National Registry of CPE Sponsors. State boards
desired room type and rate plan. Or, you may email reservation            of accountancy have final authority on the acceptance of individual
requests to: res.ny@warwickhotels.com                                     courses for CPE credit. Complaints regarding registered sponsors
Payment Policy: Registration fees are due in advance.                     may be addressed to the National Registry of CPE Sponsors,
Attendees may pay by check, Visa, MasterCard, American Express            150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.
or Diners Club.                                                           Web site: www.nasba.org No prerequisites or advance preparation
                                                                          is required for CPE credit. Contact sschlicht@pli.edu regarding
Cancellations: All cancellations received 3 business days prior to        complaints and refund policy.
the program will be refunded 100%. If you do not cancel within the
allotted time period, payment is due in full. You may substitute          California Paralegals: You can satisfy your new continuing legal
another individual to attend the program.                                 education requirements by attending PLI’s nationally acclaimed
                                                                          Institutes and Programs!
PLI’s Scholarship/Financial Hardship Policy: Full and partial
scholarships to attend PLI programs are available to pro bono             Illinois CLE Credit: PLI is an accredited provider in Illinois.
attorneys, judges, judicial law clerks, law professors, attorneys 65 or   Special Needs: If you have special needs as addressed by the
older, law students, librarians and paralegals who work for nonprofit     Americans with Disabilities Act, please notify Customer Relations
organizations, legal services organizations or government agencies,       at least two weeks prior to your program.
unemployed attorneys and others with financial hardships. To apply,       Basic Upkeep Service: In order to keep you abreast of the latest
send your request on your employer’s letterhead, stating the reason       developments in your field, the purchase of PLI treatises includes
for your interest, along with the completed registration form on this     Basic Upkeep Service, so that supplements, replacement pages and
brochure, to the PLI Scholarship Committee. All applications must be      new editions may be shipped to you immediately upon publication
accompanied by a $25 application fee (applicants may pay by check         for a 30-day examination. This service is cancelable at any time.
or credit card), and must be submitted four weeks before the date of
the program you wish to attend. If the request for a scholarship is       PLI Bookstores: Current Publications, Training Materials, Audio
denied, the $25 application fee will be returned. Students must           CD/DVDs and related products are available for purchase at the PLI
submit a copy of their student ID card.                                   New York Center, 810 Seventh Avenue at 53rd Street (21st floor),
                                                                          New York, NY, and at the PLI California Center, 685 Market Street,
PLI Group Discounts: Groups of 4 or more from the same                    San Francisco, CA, Monday to Friday, 10:00 a.m. - 4:00 p.m.
organization, all registering at the same time, for a PLI program         All PLI Publications can also be purchased online at www.pli.edu
scheduled for presentation at the same site, are entitled to receive
a group discount. For further information, please contact                 Email: info@pli.edu
membership@pli.edu or call (800) 260-4PLI.                                Visit Us On The Web: www.pli.edu
Education Course Credit: States have widely varying regulations
regarding Continuing Education credit, therefore, please contact PLI
for more information concerning approval.
Co-Chairs:                                                         F A C U LT Y
               Leslie H. Loffman                         Sanford C. Presant                              Blake D. Rubin
               DLA Piper LLP (US)                        DLA Piper LLP (US)                              McDermott Will &
               New York City                             Los Angeles                                        Emery LLP
                                                                                                         Washington, D.C.


         Glenn R. Carrington                                     Bahar A. Schippel
         Ernst & Young LLP                                       Snell & Willmer L.L.P.
         Washington, D.C.                                        Phoenix
         Jill E. Darrow                                          Barbara A. Sloan
         Katten Muchin Rosenman LLP                              McLaughlin & Stern LLP
         New York City                                           New York City
         Michael Hirschfeld                                      James B. Sowell
         Dechert LLP                                             KPMG LLP
         New York City                                           Washington, D.C.
         James M. Lowy                                           Linda Z. Swartz
         Ernst & Young LLP                                       Cadwalader, Wickersham & Taft LLP
         Joint Ventures & Partnerships Group                     New York City
         National Tax Department
                                                                 Stefan F. Tucker
         San Francisco
                                                                 Venable LLP
         John Napoli                                             Washington, D.C.
         Seyfarth Shaw LLP
                                                                 Andrea Macintosh Whiteway
         New York City
                                                                 McDermott Will & Emery LLP
         Barnet Phillips, IV                                     Washington, D.C.
         Skadden, Arps, Slate, Meagher & Flom LLP
                                                                 Lary S. Wolf
         New York City
                                                                 Roberts & Holland LLP
         Robert D. Schachat                                      New York City
         Ernst & Young LLP
         Real Estate Group
         National Tax Department
         Washington, D.C.
                                                               Program Attorney: Stacey L. Greenblatt


5 Ways to Attend PLI’s Programs:                          Other Relevant Products From PLI
• Live Programs – Attend the program with other           THREE-VOLUME COURSE HANDBOOK
  attendees and ask the speakers questions from
  the floor. Ideal if you want the live experience.       Eleventh Annual Real Estate Tax Forum, $299.
• Live Webcasts – View the live program from              The Course Handbook will be available on the first day of the program.
  your home or office and watch the streaming
  video on your laptop or desktop, ask questions          TREATISES
  electronically, view or print the Course                Internal Revenue Service Practice &
  Handbook, and, if you have to miss any of it, you
                                                          Procedure Deskbook, Third Edition
  have access to the archived portion for one year.
  Ideal if you can’t travel and still want to benefit     Ira L. Shafiroff (Professor of Law, Southwestern Law School)
  from simultaneous live viewing of the program.          2 looseleaf volumes, 2,637 pages, $275 (Revised bi-annually:
• Groupcasts – Bring a PLI program for group              No charge for revision issued within 3 months of purchase)
  viewing directly to your conference room.               Blattmachr on Income Taxation of Estates
  Enjoy the live streaming video and receive the
                                                          and Trusts, Fifteenth Edition
  best legal education from our expert faculty.
  All while training more people for less money,          F. Ladson Boyle (Charles E. Simons Professor of Federal Law,
  in the privacy of your own office setting.              University of South Carolina School of Law) and
• CLE Now Web Segments/Programs –                         Jonathan G. Blattmachr (Milbank, Tweed, Hadley & McCloy LLP  ,
  PLI anywhere, anytime you want it right                 New York City)
  from your PC.
                                                          1 looseleaf volume, 953 pages, $245 (Revised as necessary:
• MP3/Audio CD/DVDs – Watch or listen to PLI’s            No charge for revision issued within 3 months of purchase)
  programs in the comfort of your home or office.
                                                          For more information on any treatise, including the Table of Contents,
Visit www.pli.edu for more details.                       log on to www.pli.edu
                                                          Program attendees save up to 50% on Books, Audio and Video Products.



Pro Bono Efforts
Since 1933, PLI has been the comprehensive resource for the training and development needs of legal
professionals. PLI is heavily involved in pro bono and research and development activities to ensure that all
practicing attorneys and law students remain on the cutting edge. These activities include awarding full and
partial scholarships to our institutes and programs, assisting public interest organizations in their training needs,
and helping law students become first-rate attorneys by posting free lectures on our web site and offering free
MPRE courses. For more information, go online to pro-bono.pli.edu.
                                                                                                                   Practising Law Institute ®                                  Practising Law Institute                                                                    NON-PROFIT
                                                                                                                                                                               810 Seventh Avenue                                                                         ORGANIZATION
                                                                                                                                                                               New York, N.Y. 10019                                                                       U.S. POSTAGE
                                                                                                                                                                                                                                                                               PAID
   Eleventh Annual                                     Real Estate Tax Forum                                                                                                                                                                                             PRACTISING LAW
                                                                                                                                                                                                                                                                            INSTITUTE


   New York City, February 9-10, 2009
   Live Webcast, February 9-10, 2009 — www.pli.edu

R E G I S T R AT I O N / O R D E R F O R M When Registering, Please Refer to Priority Code: ZVU9
Make necessar y corrections on mailing address.
Y E S, p l e a s e r e g i s t e r m e f o r t h e f o l l o w i n g s e s s i o n :

Eleventh Annual Real Estate Tax Forum
   18512 New York City Seminar,* February 9-10, 2009, PLI New York Center, $1,495
Live Webcast,* February 9-10, 2009 (Register online prior to first day of program - #18514), $1,495
   18513           Three-Volume Course Handbook only, $299                                                                                                                                       Name___________________________________________________________________________________
   18517           Audio CDs,† available March 2009, $747.50
   18516           DVDs,† available March 2009, $1,495                                                                                                                                           Title ____________________________________________________________________________________
   606             Internal Revenue Service Practice & Procedure Deskbook, 3rd Ed.,1 2 looseleaf volumes, $275
                                                                                                                                                                                                 Firm ____________________________________________________________________________________
   10318           Blattmachr on Income Taxation of Estates and Trusts, 15th Ed.,1 1 looseleaf volume, $245
                                                                                                                                                                                                 Address_________________________________________________________________________________
   My Email address is:________________________________ Please send me Email updates on PLI programs and services.
                                                                                                                                                                                                                               (Use Street Address for UPS Delivery)

*Includes Course Handbook. Webcast attendees                   FREE Shipping and Handling on all Audio CD/DVD       Please check if you are a PLI Privileged Member.
 will have access to a downloadable version of the             and Treatise purchases. PLI will pay shipping and                                                                                 City/State/Zip ____________________________________________________________________________
 Handbook one business day prior to the program.               handling charges on all prepaid Course Handbook      Please send me information on PLI membership.
†Audio CDs and DVDs must be prepaid and are                    orders in the United States, U.S. Possessions and    Please send me PLI’s catalog of publications.                                Phone______________________ Fax_______________________ Email_________________________
                                                               Canada. California, Illinois, Maryland, New York,    Please send me PLI’s catalog of Institutes and Programs.
 non-refundable, with the exception of defective
                                                               Ohio, Rhode Island, Texas and Virginia residents
 or unopened products.
                                                               please add applicable sales tax to price of
1All treatises require prepayment and can be                   publications and audio CD and DVD products.
 returned within 30 days for a full refund.

 The information below is required to properly process your CLE certificate:
                                                                                                                                           _
 State: ______________ Bar ID# _______________ State: ______________ Bar ID# ________________ State: _______________ Bar ID# _______________


 $ ___________ check enclosed (Payable to Practising Law Institute)    Bill me                         PLI Privileged Member
 Please Charge to: Visa     MasterCard      American Express       Diners Club

 Credit Card No.: __________________________________________________________________________ Exp. Date:_____________________

                                                                                                                         __
 Signature Required: ______________________________________________________________ Phone No.:____________________________

                                                                                                                   PRIORITY CODE: ZVU9 8A500

								
To top