Hello. This is the Inheritance Team at Jongjae Law Firm.

On April 12, 2024, the Inheritance Law Center of Jongjae Law Firm, under the leadership of Managing Attorney Yoon Ji-sang, hosted a seminar titled "Inheritance Tax Reporting and Payment Practice" with Tax Accountant Jeong Il, a corporate tax advisory consultant, as the invited speaker.

Key Points in Inheritance Tax Practice

This seminar systematically covered the full process of inheritance tax practice, from the scope of inheritance and taxable assets, inheritance tax payment obligations and filing deadlines, determination of inheritance tax centered on tax audit procedures, the tax audit process, and the post-audit closing stages.

The lecture, based on the preparatory materials prepared by Tax Accountant Jeong Il and his extensive practical experience, was evaluated as being of real help to the attorneys and staff of Jongjae Law Firm's Inheritance Law Center.

Why There Aren't Many Law Firms That Are Good at Inheritance Cases

To handle inheritance cases properly, it is not enough to have only attorneys who are well-versed in litigation practice. A tax expert who can precisely handle inheritance tax practice must work together with them. However, inheritance tax is a field that even tax accountants tend to avoid. Once you go even a little deeper into the practical side, a high level of expertise is required in areas such as the scope of taxable assets, valuation methods, and responses to tax audits.

Because Jongjae Law Firm's Inheritance Law Center understands this reality well, it operates in a structure where attorneys and tax accountants work together. As Jongjae Law Firm's tax advisory consultant, Tax Accountant Jeong Il regularly provides advice on tax issues linked to inheritance property division litigation.

A Research-Oriented Law Firm, Jongjae Law Firm

This seminar is the third program in Jongjae Law Firm's seminar series, following the "Unlisted Stock Valuation Program" seminar held in December 2023. Jongjae Law Firm continually strengthens and enhances the practical capabilities of its members together with experts from each field. In order to ensure that clients always receive results they are satisfied with, Jongjae Law Firm pursues integrated capabilities that encompass not only litigation strategy but also tax and asset management.

Jongjae Law Firm is with you at every stage of inheritance, from lawsuits such as inheritance property division and claims for return of reserved portions, to tax handling arising from ordinary inheritance property division, and even tax issues arising from the transfer of overseas inherited assets.

The event recap can be found on the blog. (link attached below)