Robert Lindley: Resealing of Foreign Grants of Probate in the British Virgin Islands (July 22, 2021)

Robert Lindley of Conyers, has made available for download his article, “Resealing of Foreign Grants of Probate in the British Virgin Islands,” published on JDSUPRA. The abstract begins as follows: Where a person has died and left assets in the British Virgin Islands (BVI), it is not possible to deal with those assets without first … Continue reading Robert Lindley: Resealing of Foreign Grants of Probate in the British Virgin Islands (July 22, 2021)

Cassidy J. Seamon: Kissing the Security Blanket Goodbye: How the SECURE Act Will Affect IRA Beneficiaries’ Long-Term Financial Security, Boston College Law Review (January 28, 2021).

Cassidy J. Seamon has made available for download her article, "Kissing the Security Blanket Goodbye: How the SECURE Act Will Affect IRA Benefificiaries’ Long-Term Financial Security," published in the Boston College Law Review. The abstract is as follows: The Setting Every Community Up for Retirement Enhancement Act (the SECURE Act) offers many forms of new … Continue reading Cassidy J. Seamon: Kissing the Security Blanket Goodbye: How the SECURE Act Will Affect IRA Beneficiaries’ Long-Term Financial Security, Boston College Law Review (January 28, 2021).

Sandra O’Neill: Massachusetts Enacts Work Around to Federal $10,000 SALT Deduction Limitation (July 22, 2021)

Sandra O'Neill of Bowditch & Dewey, has made available for download her article, “Massachusetts Enacts Work Around to Federal $10,000 SALT Deduction Limitation," published on JDSUPRA. The abstract begins as follows: On July 16, 2021, Governor Baker enacted legislation that allows (a) individual, trust and estate taxpayers who are partners in partnerships (or limited liability companies taxed as … Continue reading Sandra O’Neill: Massachusetts Enacts Work Around to Federal $10,000 SALT Deduction Limitation (July 22, 2021)

James Stewart: Beneficiary Designated Property- A Trap for the Unwary (July 19, 2021)

James Stewart of Pullman & Comley, LLC, has made available for download his article, “Beneficiary Designated Property: A Trap for the Unwary”, published in JDSUPRA. The abstract is as follows: Financial institutions and brokerage firms occasionally recommend that client accounts be structured as joint or beneficiary-designated accounts without full consideration of the impact on the … Continue reading James Stewart: Beneficiary Designated Property- A Trap for the Unwary (July 19, 2021)

TaxNotes – Margaret Ryznar: A Tax Credit for Wills (July 9, 2021)

Margaret Ryznar has published an article on the TaxNotes, titled “A Tax Credit for Wills,” The article begins as follows: The COVID-19 pandemic revealed certain problems in American society, including a systemic lack of estate planning, which Americans have a long history of neglecting. The reasons may vary. For example, many people — not expecting … Continue reading TaxNotes – Margaret Ryznar: A Tax Credit for Wills (July 9, 2021)

Casey Robinson (Waldron Private Wealth): Are 1031 Exchanges Right for Me? (July 18, 2021)

Casey Robinson, of Waldron Private Wealth, has made available for download his article, “Are 1031 Exchanges Right for Me?,” published in The Kiplinger Washington Editors. The article begins as follows: President Biden’s proposed American Families Plan is shining light on a popular tax deferral strategy used by property owners and real estate investors, mainly because … Continue reading Casey Robinson (Waldron Private Wealth): Are 1031 Exchanges Right for Me? (July 18, 2021)

Journal of Accountancy: IRS launches ‘Tax Pro Account’ feature (July 20, 2021)

Dave Strausfeld, J.D., has published an article on the Journal of Accountancy, titled “IRS launches 'Tax Pro Account' feature.” The article begins as follows: The IRS unveiled a new online feature on Monday known as the “Tax Pro Account,” the purpose of which, for now, is to automate the submission of powers of attorney (POAs) … Continue reading Journal of Accountancy: IRS launches ‘Tax Pro Account’ feature (July 20, 2021)

TaxProf Blog – A Majority Of Donor-Advised Funds Send Little/No Money To Charity Every Year (July 17, 2021)

Paul Caron has published an article on the TaxProf Blog, titled "A Majority Of Donor-Advised Funds Send Little/No Money To Charity Every Year,” which discusses one of the first studies ever to look at donor-advised funds on a micro level and possible effects upon legislation. The article begins as follows: One of the first studies … Continue reading TaxProf Blog – A Majority Of Donor-Advised Funds Send Little/No Money To Charity Every Year (July 17, 2021)

Forbes: Buy Passport With Bitcoin, Escape Taxes? (July 14, 2021)

Forbes has published an article, “Buy Passport With Bitcoin, Escape Taxes?”, which discusses legal logistics of buying a passport from a tax-haven nation with bitcoin in order to try and avoid paying higher taxes. The article begins as follows: Have you ever considered living in a Caribbean tax haven, becoming a citizen, maybe even ditching … Continue reading Forbes: Buy Passport With Bitcoin, Escape Taxes? (July 14, 2021)

Joshua Coleman: A Shift in American Family Values Is Fueling Estrangement (January 10, 2021)

Joshua Coleman has made available for download his article, “A Shift in American Family Values Is Fueling Estrangement,” published in The Atlantic. The article begins as follows: Sometimes my work feels more like ministry than therapy. As a psychologist specializing in family estrangement, my days are spent sitting with parents who are struggling with profound … Continue reading Joshua Coleman: A Shift in American Family Values Is Fueling Estrangement (January 10, 2021)

Probate Stars: Oklahoma Supreme Court Weighs In On Who Controls the Disposition Of a Decedent’s Remains (July 9, 2021)

Probate Stars summarizes the facts of In the Matter Of the Estate of Downing and how the Oklahoma Supreme Court addressed who controls the disposition of a decedent's remains. The article further outlines the statute that provides an order of the persons vested with control of a decedent's remains under Oklahoma law. See Probate Sources Summary by … Continue reading Probate Stars: Oklahoma Supreme Court Weighs In On Who Controls the Disposition Of a Decedent’s Remains (July 9, 2021)

NY Times (July 9, 2021): How to Manage Your Money if Inflation Flares

Mark Miller, in his New York Times article, discusses investing fundamentals to combat possible impacts of inflation. His article, “How to Manage Your Money if Inflation Flares,” begins as follows: In the end, inflation may not turn out to be a big problem.But it’s already being discussed enough by the Federal Reserve and a host of … Continue reading NY Times (July 9, 2021): How to Manage Your Money if Inflation Flares

Rubin on Tax: Maltese Pension Plan in the Sights of the IRS (July 4, 2021)

Charles (Chuck) Rubin, in his Rubin on Tax blog, discusses the Maltese pension plan which is a planning device for U.S. taxpayers to use the U.S. - Malta tax treaty to obtain tax deferral and tax avoidance benefits similar to a Roth IRA, but without many of the limitations of a Roth IRA. The article begins as … Continue reading Rubin on Tax: Maltese Pension Plan in the Sights of the IRS (July 4, 2021)

Federal Tax Crimes: District Court Holds that FBAR Nonwillful Penalty Survives Death (July 5, 2021)

Jack Townsend, in his Federal Tax Crimes Blog, discusses United States v. Gill and the court decision where the court held that an FBAR nonwillful penalty survives the death of the person subject to the penalty. The abstract is as follows: In United States v. Gill, 2021 U.S. Dist. LEXIS 12203 (S.D. Tex. 6/30/21), CL here, the … Continue reading Federal Tax Crimes: District Court Holds that FBAR Nonwillful Penalty Survives Death (July 5, 2021)

Taxpayer Advocate Service: NTA Blog: 2021 Filing Season Bumps in the Road: Part III (June 29, 2021)

The Taxpayer Advocate Service has published an article titled “NTA Blog: 2021 Filing Season Bumps in the Road: Part III,” which provides information regarding the IRS's processes during "filing season." The article begins as follows: Despite all its challenges, the IRS processed 136 million individual income tax returns and issued 96 million refunds totaling $270 … Continue reading Taxpayer Advocate Service: NTA Blog: 2021 Filing Season Bumps in the Road: Part III (June 29, 2021)

Texas Fiduciary Litigator: Court Holds That An Executor May Breach Duties In Making A Non-Pro Rata Distribution Of Assets (June 29, 2021)

David Fowler Johnson, in his Texas Fiduciary Litigator Blog, discusses In re Estate of Stewart. The article beings as follows: In In re Estate of Stewart, siblings filed claims regarding the administration of their father’s estate. No. 04-20-00103-CV, 2021 Tex. App. LEXIS 3897 (Tex. App.—San Antonio May 19, 2021, no pet. history). Among other claims, a … Continue reading Texas Fiduciary Litigator: Court Holds That An Executor May Breach Duties In Making A Non-Pro Rata Distribution Of Assets (June 29, 2021)

Bloomberg Wealth: Biden Wants to Dismantle Two Weapons the Richest 0.1% Use to Avoid Taxes (June 28, 2021)

Allyson Versprille and Ben Steverman of Bloomberg Wealth has made available for download their article, “Biden Wants to Dismantle Two Weapons the Richest 0.1% Use to Avoid Taxes,” which discusses provisions in the U.S. Treasury's "Green Book" that aim at closing loopholes utilized by the wealthiest Americans to legally avoid taxes. The article begins as follows:  An unpleasant surprise … Continue reading Bloomberg Wealth: Biden Wants to Dismantle Two Weapons the Richest 0.1% Use to Avoid Taxes (June 28, 2021)

Andrew Hayashi: Stewardship and the Estate Tax (June 2, 2021)

Andrew Hayashi, of University of Virginia School of Law, has made available his article, "Stewardship and the Estate Tax," published in Canopy Forum. The abstract begins as follows: Estate taxes interfere with the transfer of private property at death, raising questions about stewardship, property and power, what we owe our children, and the meaning of … Continue reading Andrew Hayashi: Stewardship and the Estate Tax (June 2, 2021)

Forbes: How To Minimize Taxes Like A Billionaire In 2021 (June 25, 2021)

Forbes has published an article, “How To Minimize Taxes Like A Billionaire In 2021,” which discusses methods and strategies that the wealthiest Americans have used to minimize the taxes they owed. The article begins as follows: While recent reporting may make it seem that all “rich” people are able to avoid paying taxes, I assure … Continue reading Forbes: How To Minimize Taxes Like A Billionaire In 2021 (June 25, 2021)

Pillsbury Winthrop Shaw Pittman LLP: Potential Tax Law Overhauls in 2021: Summary and Planning Recommendations (June 25, 2021)

Pillsbury Winthrop Shaw Pittman LLP, has made available for download their article, "Potential Tax Law Overhauls in 2021: Summary and Planning Recommendations", published in JDSUPRA. The abstract begins as follows: Tax planning takes on increased significance when federal and local governments begin announcing proposals to raise revenues in advance of enacting legislation aimed to increase taxes. This year, we … Continue reading Pillsbury Winthrop Shaw Pittman LLP: Potential Tax Law Overhauls in 2021: Summary and Planning Recommendations (June 25, 2021)