[WSBARP] [External Email] LLC Transfer

[Allen Sakai]

Jennifer:

Look at WAC 458-61A-211(5).

Allen R. Sakai
Attorney at Law
Jeppesen Gray Sakai P.S.
10655 N.E. 4th Street, Suite 801
Bellevue, WA 98004-5044

Phone: 425-454-2344
Fax:  425-646-8889
asakai at jgslaw.com<mailto:asakai at jgslaw.com>
www.jgslaw.com<http://www.jgslaw.com/>

This communication is intended for the sole use of the individual and entity to whom it is addressed, and may contain information that is privileged, confidential and exempt from disclosure under applicable law.  You are hereby notified that any dissemination, distribution or duplication of this communication by someone other than the intended addressee or its designated agent is strictly prohibited.  If you have received this communication in error, please notify this firm immediately by collect call to (425)-454-2344, or by reply to this communication.



From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Jennifer Modak
Sent: Thursday, December 12, 2019 2:51 PM
To: wsbarp at lists.wsbarppt.com
Subject: [External Email][WSBARP] LLC Transfer

Hello All,
I got a very helpful response to my last query. Thank you.

I am pondering a transfer of real property (cabin) owned by Husband and Wife into an LLC held by Husband and Wife and their two children. I am trying to parse out how to minimize excise transfer tax, such as transferring 49% the first year, 49% the second year, and 2% the final year. Any insight would be very helpful.
Jennifer M. Modak
Attorney at Law
Law Office of Jennifer Modak, PLLC
19125 North Creek Parkway, Suite 120
Bothell, WA 98011
206-747-0477

The contents of this message are intended solely for the persons to whom this message is addressed and may be protected from disclosure or dissemination by the attorney-client privilege or other guarantee of confidentiality.  If you have received this message in error please notify the sender at jennifer at modaklaw.com<mailto:jennifer at modaklaw.com> and destroy all copies.
If this message contains advice relating to Federal taxes, it is not intended or written to be used, and, it cannot be used for the purpose of avoiding penalties that may be imposed under Federal tax law. We understand that a taxpayer may rely on professional advice to avoid Federal tax penalties only if that advice is reflected in a comprehensive tax opinion that conforms to the requirements under Federal law. If you have any questions, please call us if you would like to discuss our preparation of an opinion that is consistent with these new rules. More information concerning this statement can be found at the Internal Revenue Service Website www.irs.gov<http://www.irs.gov/>. Please look for "Circular 230".


-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20191212/13dd4881/attachment.html>