Advanced Tax Strategies Instructor:  Jim Park Level 300 NR Hours: 3 No. of Days: 1/2

Content: Building upon the content taught in the one-day 200 Level Tax Strategies class, this class exposes students to the unfortunate realities of the estate and gift tax while presenting how the use of Family Limited Partnerships and other techniques can help significantly reduce taxes. This class also focuses on demystifying the tax-deferred exchanges under Section 1031 of the Internal Revenue Code while briefly explaining other advanced tax-deferral strategies for selling appreciated real estate. Insight on the United States Federal Transfer Tax System will be shared along with the value of planning ahead to reduce or eliminate transfer taxes. Course Objectives: Understand the concept, purpose, and benefit of estate planning. Understand the importance of limiting and/or avoiding estate and gift taxes. Learn how Family Limited Partnerships can be powerful tools for passing wealth gift tax free. Review the rules, laws and options under section 1031 of the Internal Revenue Code, including what property qualifies. Compare and contrast traditional methods of asset disposition with tax deferred and other advanced strategies. Nouveau Riche™ (NR) offers an educational system for entrepreneurs and aspiring entrepreneurs. NR is the exclusive distributor of the materials, content, presentation design and format, which are proprietary products of Nouveau Riche AcademyTM (NRA). Neither NR nor NRA is a degree-granting or vocational program, and neither is accredited with any academic or standards governing board.  As with any College, courses and instructors may be added, changed, or removed from time-to-time. NR and/or NRA reserves the right to make replacements or substitutions to the curriculum, its content, presentation design and format, as it deems necessary to ensure the quality and effectiveness of its Colleges.