Tag: Levun Goodman and Cohen
Picking The Right Pass-Through Entity For Your Business With Chuck Levun, JD, CPA (Ep. 70)

Picking The Right Pass-Through Entity For Your Business With Chuck Levun, JD, CPA (Ep. 70)

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Pass-through entities are complex, but it’s important to pick the one that’s best for your business needs from the get-go.

In this episode, Kyle Malmstrom speaks with Chuck Levun, a partner at Levun, Goodman & Cohen, LLP, about pass-through entities today. They explain what pass-through entities are, talk about the pros and cons of S corporations, and provide a couple of cautions.

Chuck discusses:

  • How to use partnerships/LLCs to work around the tax constraints of S corporations in a tax-free manner
  • Use of partnership/LLC agreements and shareholder agreements to cover the common business and economic issues between the owners
  • Tax limitations of S corporations compared to partnership/LLCs
  • IRS updates
  • And more

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About Our Guest:

Charles R. Levun, JD, CPA, is a partner in the Chicago-area law firm of Levun, Goodman & Cohen, LLP. He is also the consultant to the CCH Partnership Tax Planning and Practice Guide, for which he was the co-author of the monthly “Partner’s Perspective” column for its entire term of publication (1987-2020), and was an Adjunct Professor of Law at the Illinois Institute of Technology Chicago Kent Graduate Tax Program (1985-2019 program termination) and Editor-in-Chief of the Journal of Passthrough Entities for its entire term of publication (1998-2019). Mr. Levun received a JD from the University of Chicago Law School and a BS in Accounting from the University of Illinois. He is a past chair of the Partnerships and LLCs Committee of the American Bar Association’s Section of Taxation, the Chicago Bar Association’s Federal Taxation Committee and the Federal Taxation Section Council of the Illinois State Bar Association, and is a Fellow and past Regent in the American College of Tax Counsel. Mr. Levun has been chair of the faculty and co-sponsor of the Partnership, LLC & S Corporation Tax Planning Forum and the “Fundamentals of Flow-Through” Tax Seminar since their inception.
33. Creative Gifting Strategies To Optimize Your Estate Plan With Charles Levun

33. Creative Gifting Strategies To Optimize Your Estate Plan With Charles Levun

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A lot of people are minimizing their estate taxes through current estate tax exemptions. But what if you aren’t ready to transfer your wealth, and want to retain access to your assets?

There are multiple gifting strategies to help you do that.

Join Kyle Malmstrom and Charles Levun, partner at Levun, Goodman & Cohen LLP, as they dive into these tax saving strategies. They explore ways to help you transfer maximum wealth to your beneficiaries in light of the expected tax changes under the Biden Administration.

Charles discusses:

  • The potential impact of future tax changes on your estate plan
  • How to use trust funds to transfer wealth while ensuring creditor protection
  • Ways to enhance your tax exclusions by using various discounting techniques
  • What to do if your estate is too small to give away
  • And more

Connect With Charles Levun:

Connect With Centura Wealth Advisory:

About Our Guest:

Charles Levun is a partner and one of the founders of Levun, Goodman & Cohen. In addition to his role as a full-time practicing tax and business attorney, Mr. Levun is an author and educator who has developed a national reputation in the field of taxation. Mr. Levun has been practicing law since 1970, focusing on a business and tax practice, with a concentration in the representation of closely held businesses and wealthy individuals, business structuring and estate planning.

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