LISI WEEKLY DIGEST [Subscription Required]
| Steve Leimberg’s Income Tax Planning Newsletter | |
| · July 13 – | HERBERT CHASMAN |
| Steve Leimberg’s Estate Planning Newsletter | |
| · July 17 – | Keith Schiller: COVID-19 Protection Via the Use of Masks Historically Compared |
| · July 16 – | 7520 and Other Key Rates – August 2020 |
| · July 16 – | Paul Hood on Grieve v. Commissioner: The IRS ‘Grieves’ to the Tune of $5,000,000 as the Tax Court Nixes Use of the Subtraction Valuation Method in a Non-Chapter 14 Case |
| · July 15 – | Richard Harris: TOLI Best Practices for ILIT Trustees |
| Steve Leimberg’s Employee Benefits and Retirement Planning Newsletter | |
| · July 13 – | Denise Appleby: PLR 202023007 Is a Lesson About the Importance of Updating Addresses for Retirement Accounts |
| Steve Leimberg’s Asset Protection Planning Newsletter | |
| · July 14 – | Jay Adkisson on Wilson v. Pauling |
| Bob LeClair’s Finance and Markets Newsletter | |
| · July 12 – | Finance 7.11.2020 |
| Actual Text | |
| · July 17 – | Rev. Rul. 2020-15, 2020-32 IRB 1 (16 July 2020) IRS Applicable Federal Rates for August 2020 |
| · July 17 – | Pierson M. Grieve v. Commissioner, No. 8249-18, T.C. Memo. 2020-28 (2 March 2020) Tax Court Values Interests in LLC for Gift Tax Purposes |
| · July 17 – | REG-113295-18 (16 July 2020) Hearing Set on Proposed Estate and Trust Regulations |
| · July 17 – | H.R. ____ Proposed Legisation Applies Mailbox Rule to Electronic Tax Payments |
| · July 17 – | Notice 2020-57, 2020-32 IRB 1 (16 July 2020) Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates |
| · July 17 – | IR-2020-160 (16 July 2020) IRS’s Dirty Dozen Tax Scams |
| · July 16 – | Oakhill Woods LLC et al. v. Commissioner, No. 26557-17 (15 July 2020) Tax Court Denies Charitable Deduction for Conservation Easement |
| · July 16 – | Wilson v. Pauling, 2020 WL 2197931 (D.Colo., May 6, 2020) “Friendly” Bank Caught Up In Client’s Fraudulent Activity |
| · July 16 – | T.D. 9903 (15 July 2020) Final Regs. Issued on Preparer Tax Identification Number (PTIN) User Fee Update |
| · July 15 – | AM 2020-006 (11 February 2020) IRS Issues Generic Legal Advice on Validity of Charitable Trust |
| · July 15 – | IR-2020-155 (14 July 2020) Treasury and IRS Release Draft Partnership Form |
| · July 14 – | PLR 202023007 (11 March 2020) IRS Waives Rollover Requirement for IRA Distribution |
| · July 14 – | Smith Lake LLC et al. v. Commissioner, No. 4980-17, T.C. Memo. 2020-107 (13 July 2020) LLC Is Denied $6.5 Million Charitable Deduction for Donation of Conservation Easement |
| · July 14 – | IR-2020-152 (13 July 2020) IRS Warns Taxpayers to Accept Easement Settlement Offers in Light of Recent Tax Court Decisions |
| · July 14 – | Edward J. Duffy et ux. v. Commissioner, No. 8711-16, T.C. Memo. 2020-108 (13 July 2020) Tax Court Denies Loss on Sale of Property |
| · July 12 – | Maple Landing LLC et al. v. Commissioner, No. 1996-18, T.C. Memo. 2020-104 (9 July 2020) Tax Court Denies $6.8 Million Charitable Deduction for Conservation Easement |
| · July 12 – | S. 4173 Military Spouses Retirement Security Act |
| · July 12 – | FS-2020-10 (9 July 2020) IRS Guidelines on Payment Options as July 15 Deadline Approaches |
| LISI Podcasts | |
| · July 16 – | 60-Second Planner: IR 2020-152 — IRS Urges Taxpayers to Accept Settlements in Conservation Easement Cases |
| · July 15 – | 60-Second Planner: IRS Memorandum Addresses Abusive CRAT Structure |
| Upcoming Webinars | |
| Blog Watch | |
| · July 16 – | Phishing, Fake Charities And IRS Impersonators Top 2020 Dirty Dozen Scam List |
| “A one-man-outfit operating as the Black Lives Matter Foundation raised millions of dollars this spring despite the fact that his charity is not connected to the Black Lives Matter movement…” | |
| Additional coverage: Tax Connections | |
| · July 16 – | IRS Finalizes PTIN Fee for 2021 |
| “In final regulations issued today, the IRS set a $21 fee per PTIN application or renewal (plus a $14.95 fee payable to a contractor).” | |
| Additional coverage: Tax Girl | |
| · July 14 – | Why PPP Borrowers Shouldn’t Rush Their Loan Forgiveness Applications |
| “While you may be anxious to apply for forgiveness, here are five factors affecting the forgiveness application process.” | |
| · July 13 – | IRS Cancels Uncashed Stimulus Checks Issued to Deceased Taxpayers |
| “…IRS and the Bureau of Fiscal Services (BFS) took action to prevent future payments to deceased individuals. The cancellation of uncashed checks is part of this process.” | |
| Additional coverage: TaxGirl | |
| · July 12 – | IRS Publishes Roadmap for BBA Partnership Audit Rules |
| “The flowchart outlines the process once an examination gets underway, including elections available to the taxpayer once the IRS has issued the Notice of Proposed Partnership Adjustment.” | |
| LISI Journals | |
| · July 18 – | Deducting Family Office Investment Expenses After Lender Robert Daily – ACTEC Law Journal |
| · July 18 – | What If Granny Wants to Gamble? Balancing Autonomy and Vulnerability in the Golden Years Mary F. Radford – ACTEC Law Journal |
| · July 18 – | Gifts in Contemplation of Death: Why Can’t Section 2035 Simply Die? Stephanie J. Willbanks – ACTEC Law Journal |
| · July 18 – | Marital Versus Nonmarital Entitlements Raymond C. O’Brien – ACTEC Law Journal |
| · July 11 – | Property or Financial Powers of Attorney L. Paul Hood Jr. – Trusts & Estates |
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.
