Jack Townsend, in his Federal Tax Crimes Blog, discusses the case: Landa v. United States. In Landa v. United States, 2021 U.S. Claims LEXIS 635 (Fed. Cl. Apr. 19, 2021), here, the Court entered summary judgment for the Government on the FBAR civil willful penalty. The facts are not good for the plaintiff, Leon Landa, hence the … Continue reading Federal Tax Crimes: CFC Grants Summary Judgment Based on Bank Account Record Ownership Even Though Others May Have Been Beneficial Owners (April 20, 2021)
Author: David Brito
Whether there is a fiduciary exception to the attorney client privilege and or work product doctrine is still an open question in Pennsylvania (April 19, 2021)
Samuel Braver, Deborah Little, and Mario Santilli Jr. have made available for download their article, Whether there is a fiduciary exception to the attorney client privilege and or work product doctrine is still an open question in Pennsylvania. The abstract is as followed: On April 7, 2021, the Pennsylvania Supreme Court issued its decision in In … Continue reading Whether there is a fiduciary exception to the attorney client privilege and or work product doctrine is still an open question in Pennsylvania (April 19, 2021)
Forbes: Fourth Class Action Suit Against Syndicated Conservation Easement Promoters (April 19, 2021)
Forbes has published an article, “Fourth Class Action Suit Against Syndicated Conservation Easement Promoters,” which discusses a class action lawsuit against a multi-year fraudulent scheme by a group of "supposedly" independent and respected professionals.. The article begins as follows: Another class action lawsuit is hitting the beleaguered syndicated conservation easement industry. As in the other three, … Continue reading Forbes: Fourth Class Action Suit Against Syndicated Conservation Easement Promoters (April 19, 2021)
Estate and Gift Tax Chart for Non US Persons (Greencard Holders and NRA’s) [November 11, 2020]
Here is the 2021 Estate and Gift Tax Chart for Non US Persons (Greencard Holders and Nonresident Aliens.) The 2020 chart is below the 2021 chart. The IRS tax adjustments for tax year 2021 updates the exemptions and exclusions for estate and gift tax for Non US Persons (Greencard holders and NRA’s). The chart can be downloaded … Continue reading Estate and Gift Tax Chart for Non US Persons (Greencard Holders and NRA’s) [November 11, 2020]
Texas Fiduciary Litigator: Court Addressed A Shareholder Derivative Suit Against Officers And Directors For Self-Interested Transactions, Misuse Of Company Assets, And Dereliction Of Duties (November 9, 2020)
David Fowler Johnson, in his Texas Fiduciary Litigator Blog, discusses Roels v. Valkenaar. In Roels v. Valkenaar, a shareholder filed a shareholder derivative suit against former and current officers and directors of the company based on multiple claims of breach of fiduciary duty. No. 03-19-00502-CV, 2020 Tex. App. LEXIS 6684 (Tex. App.—Austin August 20, 2020, no … Continue reading Texas Fiduciary Litigator: Court Addressed A Shareholder Derivative Suit Against Officers And Directors For Self-Interested Transactions, Misuse Of Company Assets, And Dereliction Of Duties (November 9, 2020)
MICHAEL HILTZIK: 23,000 households reported income over $10 million last year. The IRS audited seven – Los Angeles Times (November 11, 2020)
Michael Hiltzik's Los Angeles Times column focuses how 23,000 households reported over $10 million in income and the IRS only audited seven of them. His article "23,000 households reported income over $10 million last year. The IRS audited seven". Begins as follows: Since we’ll be spending the next day or so pondering America as it … Continue reading MICHAEL HILTZIK: 23,000 households reported income over $10 million last year. The IRS audited seven – Los Angeles Times (November 11, 2020)
Shahbaz Ahmad Cheema, Distribution of Inheritance under Islamic Law: An Appraisal of Online Inheritance Calculators (August 16, 2020)
Shahbaz Ahmad Cheema, of Punjab University - Law College, has mad available for download his article, Distribution of Inheritance under Islamic Law: An Appraisal of Online Inheritance Calculators. The abstract is as followed: With the proliferation of the internet, new modes of access and dissemination have been invented. This paradigmatic shift is not only providing … Continue reading Shahbaz Ahmad Cheema, Distribution of Inheritance under Islamic Law: An Appraisal of Online Inheritance Calculators (August 16, 2020)
Paul Bonner: Final regs. outline trust and estate expenses still deductible under TCJA (September 22, 2020)
Paul Bonner's column in the Journal of Accountancy focuses on new IRS tax law updates. His article, Final regs. outline trust and estate expenses still deductible under TCJA, begins as follows: The IRS on Monday issued final regulations (T.D. 9918) clarifying that certain expenses incurred by, and certain excess deductions upon the termination of, an … Continue reading Paul Bonner: Final regs. outline trust and estate expenses still deductible under TCJA (September 22, 2020)
Evan Beach (Campbell Wealth Management): What Clients (Actually) Value Most In A Financial Advisor (October 19, 2020)
Evan Beach, of Campbell Wealth Management, has made available for download his article, What Clients (Actually) Value Most In A Financial Advisor, published in Kitces.com. The abstract is as follows: For many financial advisors, ‘proving’ their worth to prospects prior to engaging them as clients (by delving deep into the details of the prospect’s situation, … Continue reading Evan Beach (Campbell Wealth Management): What Clients (Actually) Value Most In A Financial Advisor (October 19, 2020)
Sharon L. Klein (Family Matter)- New York’s Latest Legislative Session: What Passed, What Didn’t, What’s Next (September 14, 2020)
Sharon L. Klein, President of Family Matter, has made available for download her article, New York’s Latest Legislative Session: What Passed, What Didn’t, What’s Next, published in the New York Law Journal Special Trusts & Estates section. The abstract is as follows: Learn about what passed and what didn’t in New York’s 2019- 2020 legislative session … Continue reading Sharon L. Klein (Family Matter)- New York’s Latest Legislative Session: What Passed, What Didn’t, What’s Next (September 14, 2020)
Julia Evans (Sept. 2017): How to answer questions in a helpful way
Julia Evans' weekly blog posts focus on best business practices and management. Her article, How to answer questions in a helpful way, begins as follows: Your coworker asks you a slightly unclear question. How do you answer? I think asking questions is a skill and that answering questions in a helpful way is also a … Continue reading Julia Evans (Sept. 2017): How to answer questions in a helpful way
Paul Vallely, The Guardian (September 8): How philanthropy benefits the super-rich
Paul Vallely's The Guardian column focuses on the benefits of philanthropy. His article, How philanthropy benefits the super-rich, begins as follows: hilanthropy, it is popularly supposed, transfers money from the rich to the poor. This is not the case. In the US, which statistics show to be the most philanthropic of nations, barely a fifth … Continue reading Paul Vallely, The Guardian (September 8): How philanthropy benefits the super-rich
Ithi Joshi (Dunlap Bennett & Ludwig PLLC): Does my Company Lose its S-Corp Election if a Shareholder Dies? (September 24, 2020)
Ithi Joshi, of Dunlap Bennett & Ludwig PLLC, has made available for download her article, Does my Company Lose its S-Corp Election if a Shareholder Dies?, published in JDSUPRA. The abstract is as follows: S-Corp tax treatment continues to be a popular choice for many business corporations as they seek favorable tax treatment of business income. The S-Corp status … Continue reading Ithi Joshi (Dunlap Bennett & Ludwig PLLC): Does my Company Lose its S-Corp Election if a Shareholder Dies? (September 24, 2020)
Texas Fiduciary Litigator, Presentation: Preparing the Charge, the Charge Conference, and Protecting the Record (September 11, 2020)
Winstead Publications, in their Texas Fiduciary Litigator Blog, discusses Texas Department of Highways v. Payne David F. Johnson presented his paper entitled “Preparing the Charge, The Charge Conference, and Protecting the Charge,” to the State Bar of Texas’s Advanced Civil Appellate Course on September 9, 2020. The presentation covered the history of Texas charge practice regarding the use of broad … Continue reading Texas Fiduciary Litigator, Presentation: Preparing the Charge, the Charge Conference, and Protecting the Record (September 11, 2020)
Florida Probate & Trust Litigation Blog: What’s the right way and the wrong way to deed property OUT of your revocable trust? (August 23, 2020)
Juan C. Antúnez, in his Florida Probate & Trust Litigation Blog, discusses what is the right way and the wrong way to deed property OUT of your revocable trust. His article begins as follows: Deeding property “into” and “out” of trusts is the kind of bread and butter work trusts and estates lawyers do all the time. But … Continue reading Florida Probate & Trust Litigation Blog: What’s the right way and the wrong way to deed property OUT of your revocable trust? (August 23, 2020)
Saul Levmore, Death as Divorce for the Abandoned Spouse: Davis V. Combes and the Cautious and Gender-Sensitive Judiciary (December 12, 2019)
Saul Levmore, of the University of Chicago Law School, has made available for download his article, Death as Divorce for the Abandoned Spouse: Davis V. Combes and the Cautious and Gender-Sensitive Judiciary, published in Social Science Research Network. The abstract is as followed: Davis v. Combes is a Seventh Circuit decision by Judge Diane Wood … Continue reading Saul Levmore, Death as Divorce for the Abandoned Spouse: Davis V. Combes and the Cautious and Gender-Sensitive Judiciary (December 12, 2019)
Leimberg Weekly Digest: August 23 – 28, 2020
LISI WEEKLY DIGEST [Subscription Required] Steve Leimberg's Estate Planning Newsletter· August 27 -Steve Leimberg - Review of the 13TH Edition of Tools and Techniques of Financial Planning· August 25 -Paul Hood: Exercising Swap Powers, Part 1Steve Leimberg's Business Entities Newsletter· August 26 -Brandon Ketron, Alan Gassman & Kevin Cameron: SBA Releases New Interim Final Rules Placing Restrictions on Payments … Continue reading Leimberg Weekly Digest: August 23 – 28, 2020
Saul Levmore, Death as Divorce for the Abandoned Spouse: Davis V. Combes and the Cautious and Gender-Sensitive Judiciary (December 12, 2019)
Saul Levmore, of University of Chicago Law School, has made available for download his article, Davis V. Combes and the Cautious and Gender-Sensitive Judiciary, published in Social Science Research Network. The abstract is as followed: Davis v. Combes is a Seventh Circuit decision by Judge Diane Wood involving a decedent who surprises her surviving family by secretly transferring assets to her sister. … Continue reading Saul Levmore, Death as Divorce for the Abandoned Spouse: Davis V. Combes and the Cautious and Gender-Sensitive Judiciary (December 12, 2019)
Leimberg Weekly Digest: August 15 – 21, 2020
LISI WEEKLY DIGEST [Subscription Required] Steve Leimberg's International Tax Planning Newsletter· August 20 -Steve Leimberg: Review of International Estate Planning 2nd Edition by Barbara Hauser and Melissa LangaSteve Leimberg's Estate Planning Newsletter· August 18 -Sandra D. Glazier on US v. Sanmina Corporation - A Primer on the Attorney Client Privilege and Work Product Doctrine· August 18 -7520 and Other … Continue reading Leimberg Weekly Digest: August 15 – 21, 2020
Steve R. Akers: Estate of Bolles v. Commissioner, T.C. Memo. 2020-71 –Treatment of Advances as Legitimate Loans vs. Gifts (July 24, 2020)
Steve R. Akers, of Bessemer Trust, has published his summary of the Estate of Bolles v. Commissioner, T.C. Memo. 2020-71 –Treatment of Advances as Legitimate. The summary is as follows: Estate of Bolles v. Commissioner, T.C. Memo. 2020-71, addresses whether advances made to a son with no loan agreements, security, or attempts to force repayment … Continue reading Steve R. Akers: Estate of Bolles v. Commissioner, T.C. Memo. 2020-71 –Treatment of Advances as Legitimate Loans vs. Gifts (July 24, 2020)
Wealth Strategies Journal 