Legal & Financial Fundamentals in Building Your RE Investing Biz

[Lynda Evans]

The SCARY Stuff That We All Need To Know About Running A Real Estate Business...

Wednesday, June 20, 2018 Katie Lepore Kathleen "Katie" Lepore focuses her practice mostly on estate planning, trust administration, and taxation. She is a proud Torero alumna three times over from the University of San Diego, receiving her Bachelor's degree in Accountancy, a Master of Science in Taxation, and finally a few years later, her Juris Doctorate from the School of Law. After finishing her law degree and passing the California Bar Exam, Katie continued her studies in the areas of tax and estate planning in Washington D.C., pursuing a Masters of Laws LL.M. degree at Georgetown University Law Center. In between graduate school and law school, Katie worked in Los Angeles at one of the “Big Four” accounting firms preparing tax returns for a variety of clients, including large C-corporations, pass-through entities, high net worth individuals, and complex trusts. She is a licensed Certified Public Accountant in California. Katie clerked at the Department of Justice, Criminal Tax Division while attending classes at Georgetown. She is a member of the American Bar Association’s Section on Real Property, Probate and Trust Law, and the San Diego Chapter of the Young Tax Lawyers of the California State Bar Taxation Section. Homer K. AmbroseHomer's Focus on tax planning for high net worth clients in order to minimize their tax liability. Recommended the creation of Trusts, S Corporations, C Corporations as well as Limited Partnerships to provide Asset Protection and reduce overall tax liability. Review Client accounting and bookkeeping and recommend improvements. Recommend clients reduce tax liability by contributing to 401K and Defined Benefit Pension Plans within their Corporate Structures. Follow up with Actuaries to ensure clients are IRS compliant and maximizing contribution levels. Completion of all Corporate and Partnership returns as well as Estate and Trust returns (Forms 706 and 1041). Meet with clients on a quarterly basis to complete their tax planning and strategy. Use of IRC 162 to educate clients on all the deductible expenses. Assisting clients with tax problems and helping address and resolve IRS and State issues, letters, and inquiries. Work with Clients on a one on one basis to recommend the best Social Security Strategy for their situation which results in additional billable hours and referrals. http://www.sdoutbackrein.com/PageID.aspx?ueid=a137...