Jason Faas

Jason Faas is partner at the firm with a broad skill-set in advising and assisting clients with business and personal planning matters, including corporate, business and real estate transactions, tax planning and controversy, estate planning and trust administrations.

With a background in accounting and tax law, including an LL.M. in Taxation degree from New York University, and several years of experience practicing tax law, Jason has a unique ability unlike many business attorneys to advise clients on the tax consequences of a particular transaction or other legal, trust, or personal planning matter. Due to the complexity and continual evolution of tax law, these skills have been a great resource to his clients.

Jason’s business clients consist of sole proprietors, corporations (general and professional), LLCs, partnerships, LLPs, nonprofits, and other legal entities. He routinely assists clients with joint venture and entity formations, mergers and acquisitions, reorganizations, real estate transactions, and other business matters.

His estate planning clients range from individuals with basic estate planning needs to those with highly complex and/or taxable estates. Similarly, he represents trustees and beneficiaries of trusts which have modest asset holdings to trusts with complex asset holdings. He also represents trustees and beneficiaries in trust disputes.

 

Representative Matters

Business, Real Estate & Tax

  • Represents clients in merger and acquisition transactions, including tax-free reorganizations and spin-offs, joint ventures, asset purchase agreements, and stock purchase agreements.
  • Forms and prepares operative documents for corporations, LLCs, general partnerships, limited partnerships, and LLPs.
  • Negotiates and prepares license agreements, nondisclosure and confidentiality agreements, employment and independent contractor agreements and terminations, consulting agreements, non-competition agreements, master service agreements and other business contracts.
  • Represents clients in real estate transactions including sales, acquisitions, leases, tenant-in-common agreements and Internal Revenue Code Section 1031 exchanges.
  • Consults with and advises clients regarding short and long-term business objectives, strategies and planning.
  • Advises corporations and other businesses entities regarding corporate formalities and governance matters, including notice and conduct of shareholder and director meetings.
  • Assists clients with federal, state, multi-state and local tax planning, and advises clients regarding tax implications of various business and real estate transactions.
  • Advises clients regarding various other tax matters such as: profit and loss allocations and distributions from flow-through entities; worker classification; Internal Revenue Code Section 409A nonqualified deferred compensation issues; net operating losses; cancellation of debt income; passive activity losses; tax-exempt status; unrelated business income tax; involuntary conversions; property taxes; and sales and use taxes.

Estate Planning and Trust Administrations

  • Designs and drafts basic estate planning documents, including revocable trusts, wills, advance health care directives and financial powers of attorney.
  • Provides succession planning advice for closely-held businesses and other personal/family assets and drafts the necessary legal documents to implement the planning.
  • Advanced estate and gift tax planning techniques, including drafting irrevocable trusts, life insurance trusts, qualified personal residence trusts, and other types of trusts.
  • Charitable gifting and planning, including charitable trusts, private foundations and other charitable giving vehicles.
  • Real estate and property tax planning, including parent-child exclusions and transfers of real property to and from entities.
  • Represents trustees and beneficiaries in all aspects of trust administrations and settlements.

 

Background

Prior to joining the firm, Jason was a shareholder at Seltzer Caplan McMahon Vitek. He received his B.S. in Accounting from Brigham Young University in 2005. He received his law degree, cum laude from Chapman University in 2008, and was awarded his LL.M. in Taxation from New York University in 2009.

Jason is licensed by the State Bar of California and is a member of the San Diego County Bar Association. He is also licensed by the State Bar of Oregon (inactive).

Jason is the father of four young boys and enjoys spending his free time coaching his sons’ sports teams, golfing, traveling and attending theater. He served a two-year service mission in St. Petersburg, Russia from 2000 – 2002.