Colorado Bar Association

IN THIS ISSUE


Reminder: Attorneys may obtain CLE credit for authoring published articles. To request CLE credit use Colorado Supreme Court Board of Continuing Legal and Judicial Education Form 6. Anyone interested in publishing an article in this newsletter may contact Jake Millis of Fox Rothschild, LLP at 303-446-3845 or jmillis@foxrothschild.com.


CLE Opportunities

WE ARE MOVING!!!!
BEGINNING IN SEPTEMBER (UNTIL FURTHER NOTICE)
MONTHLY TAX SECTION CLE LUNCHEONS
WILL BE AT THE OFFICES OF
BROWNSTEIN HYATT FARBER SCHRECK
410 17TH STREET, SUITE 2200
DENVER, COLORADO 80202

The CBA Tax Section
Cordially Invites You to a Luncheon Presentation:

Sales of Emerging Technology Companies

On Wednesday, Nov. 14, Mark Hrenya, Esq. of the Denver law firm Hrenya Senatore, LLP will present on tax issues associated with sales of emerging technology companies. Many founders and investors of successful emerging technology companies will look to the sale of their equity as the means to earn a return on their investment. This presentation will focus on certain tax considerations relevant to minimizing: (i) taxes on founders' and investors' gains, and (ii) a buyer’s post-acquisition taxes in order to maximize the sales price a buyer may be willing to pay for the emerging technology company.

Wednesday, Nov. 14, 12 p.m.
At: Brownstein & Hyatt
410 Seventeenth Street
Denver, CO

COST
$15.00 — Tax Section Member, Registered Attendance with Lunch
$20.00 — Non-Section Members with Lunch
$10.00 — Phone-ins

Submitted for 1 general CLE credit
***
**PRE-REGISTRATION REQUIRED**
RSVP by e-mailing lunches@cobar.org or online at cobar.org.


Notice of Pro Bono Opportunity

Volunteer at the U.S. Tax Court Docket Call

The United States Tax Court will hold a a regular case session on March 25, 2019. Tax attorneys are invited to volunteer their assistance for a few hours on these dates. Attorneys interested in helping Pro Se taxpayers with docketed U.S. Tax Court cases may appear at 10 a.m. in Room C502 of the Byron G. Rogers U.S. Courthouse, 1929 Stout Street, Denver, CO 80294. Program guidelines are available online at cobar.org. Anyone wishing to volunteer should immediately contact Olena Ruth of the Merriam Law Firm, P.C. at olena@merriamlaw.com or (303) 592-5404, or David Sprecace of David A. Sprecace, P.C. at david@mytaxlex.com or (303) 454-8260, for additional information.


Tax Section Executive Council News

Looking for Assistance with a Tax Article?

Are you currently writing an article or outline regarding tax issues? Would you like some assistance with your writing or research? The Law School Outreach Committee of the Tax Section may be able to pair you with a current law student from the University of Denver Sturm College of Law or the University of Colorado School of Law to assist with your research and writing. The committee is focused on exposing current law and graduate tax students to the field of tax law through work with local practitioners. For additional information please contact Nicholas Troxel, Esq. of Troxel Fitch, LLC at nicholas.troxel@troxelfitchlaw.com or Jake Millis, Esq. of Fox Rothschild LLP at jmillis@foxrothschild.com.

Tax Section Listserv

The CBA Tax Section has introduced the first ever tax-focused listserv for section members. To access and subscribe to the listserv, please register at the Colorado Bar Association Tax Section website. Similar listservs have been well received and utilized by other CBA sections. The Tax Section hopes that the listserv will provide a platform for members to solicit informal advice and input from their professional peers. Should you have any questions regarding the listserv, please feel free to contact David Sprecace of David A. Sprecace, P.C. at dave@daspclaw.com or 303-454-8260.

Hiring Assistance from DU Law School

Need to hire a new associate, contract attorney or student law clerk but don’t have time to wade through hundreds of resumes? The DU Law School Office of Career Development & Opportunities (“CDO”) is eager to assist you. Because the CDO serves DU’s JD and Tax LLM programs, it has access to excellent students and alumni at all levels of experience (especially current students and entry-level attorneys). Please contact Assistant Dean for Career Development, Eric Bono at 303-871-6478 or ebono@law.du.edu for questions or assistance.

Colorado Tax Community Well Represented by Latest Crop of American College of Tax Counsel Fellows

The Tax Section would like to congratulate three local practitioners and members on being nominate to the prestigious American College of Tax Counsel. These new fellows include former Tax Section Chair Doug Becker of the Denver law firm Otten, Johnson, Robinson, Neff + Ragonetti, P.C., David Strong of the Denver office of Morrison & Foerster, LLP and Adam Cohen of the Denver office of Holland & Hart, LLP. The Tax Section would like to congratulate these new fellows on this noteworthy achievement

DU Law’s Externship Program

A critical part of our nationally recognized clinical legal education program, Denver Law's Externship Program provides an effective and comprehensive bridge to take students from law student to lawyer. In externships, students get real world working experience in the field under the supervision of a lawyer. Each year we typically place at least 400 students in over 500 placements and work with approximately 300 supervisors. Students can work throughout the academic year, part time or full time. When you join our program as a supervisor, you not only provide students with the opportunity to do real legal work, but also guide, mentor and train the next generation of lawyers.

We hope you will join us in our mission to graduate students who are practice ready, passionate and eager to join the profession. At Denver Law we are incredibly enthusiastic about helping our students find that perfect fit, where the head, heart and hands meet. If your law firm or organization is interested in learning more about Denver Law's Externship Program or hosing an extern, please contact our office at externships@law.du.edu. We look forward to working with you.


Trust & Estate Section Update

New Subcommittee to Review UFIPA

The Trust & Estate Section’s Statutory Revisions Committee has formed a new subcommittee chaired by Gene Zuspann to review the Uniform Fiduciary Income and Principal Act (UFIPA). Any member of the Tax Section is welcome to join the subcommittee. Please contact Georgine Kryda at 303-205-8485 or gkryda@gkryda.com to be added to the committee member email list and receive introductory information.


Feature Article

TCJA: Qualified Opportunity Zones

By Chris Levkulich, JD, LLM

Overview

One of the tax incentives created by the Tax Cuts and Jobs Act (“TCJA”) relates to investments made in a Qualified Opportunity Zone (“QOZ”).1 In sum, the QOZ tax incentive operates to:

  1. Defer inclusion in gross income for certain gains to the extent that corresponding amounts are reinvested in a QOZ; and
  2. Exclude from gross income the post-acquisition gains on investments in QOZs that are held for at least 10 years.

Proposed regulations related to the QOZ incentive were issued by the IRS on October 22, 2018.2 In particular, the proposed regulations address the application to real property of the “original use” requirement and the “substantial improvement” requirement in §1400Z-2(d)(2)(D).

Read Article

CBA Tax Section 2018–19 Officers and Committee Members

Council Officers
Chair Klaralee Charlton
Vice-Chair Justin Mills
Secretary Georgine Kryda
Treasurer Michelle McCarthy
Section Committees and Chairs
Education Committee
CLE Vince O’Brien
Topical Lunches Doug Becker
Pro Bono Olena Ruth and Dave Sprecace
Legislative Committee
Federal Greg Berger
State Jeremy Schupbach
LPC Liaison Michelle McCarthy
Publications Committee
Newsletter Justin Mills/Jake Millis
Tax Tips Adam Cohen/Chris Levkulich
Website Chris Levkulich
Agency Positions Committee
CO. Dep’t. of Revenue Weston Bohall/Klaralee Charlton
Interprofessional Committee
IRS Liaison Olena Ruth/Dave Sprecace
ABA Report Jennifer Benda
Section Liaisons
Business Trevor Crow
Trusts & Estates

Georgine Kryda

Real Estate Tyler Murray
CBA Staff Liaison Juliann Tricarico
Colorado Bar Association
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