Tom Wells will be speaking on using business entities in providing asset protection at a CLE entitled Asset Protection in Florida sponsored by the Real Property, Probate and Trust Law Section of The Florida Bar. Specifically, Wells will be discussing the chapter that he recently wrote in the book entitled Asset Protection in Florida which analyzes asset protection features provided by limited partnerships and limited liability companies. The CLE is scheduled for November 12, 2008 at the Airport Marriott in Tampa and November 13, 2008 at the Hyatt Regency Pier Sixty-Six in Fort Lauderdale.
Wells will also be speaking at the Greater Miami Tax Institute on November 12, 2008 at the Coral Gables Hyatt on Accelerating Losses Using an ABC and Other Developer Issues. He wrote an article that will be published in the November, 2008 edition of The Florida Bar Journal on the same topic. Because of economic difficulty for developers in 2007 and 2008, it is very important for developers to accelerate losses in 2008 so that they can be carried back to 2006 and potentially generate an income tax refund. Losses can only be carried back for two years and failure to accelerate the recognition of losses could result in an inability to use such losses until the developer has future income which may be unlikely and speculative considering the economic troubles in the Florida real estate market.