Kevin Brodehl (Patton Sullivan Brodehl LLP): Quieting Title After a Failed Deed in Contemplation of Marriage (March 29, 2021)

Kevin Brodehl, of Patton Sullivan Brodehl LLP, has made available for download his article, “Quieting Title After a Failed Deed in Contemplation of Marriage,” published in JDSUPRA. The article, which discusses Reuter v. MACAL, Cal: Court of Appeal, 2nd Appellate Dist., 5th Div. 2020, begins as follows: Claims for quieting title to real property can … Continue reading Kevin Brodehl (Patton Sullivan Brodehl LLP): Quieting Title After a Failed Deed in Contemplation of Marriage (March 29, 2021)

Forbes: IRS Warning: FBAR Deadline For Offshore Accounts Is Still April 15 (April 9, 2021)

Forbes has published an article, “IRS Warning: FBAR Deadline For Offshore Accounts Is Still April 15,” which clarifies to readers that the April 15 deadline for those with Foreign Bank and Financial Accounts (FBAR) has not changed despite the May 17 tax filing deadline. The article begins as follows: This year’s tax filing deadline hasn’t … Continue reading Forbes: IRS Warning: FBAR Deadline For Offshore Accounts Is Still April 15 (April 9, 2021)

Robert Harper: The Resolution of Interstate Adult Guardianship Disputes in New York (March 29, 2021)

Robert Harper, of New York Trusts & Estates Litigation Blog, has published his summary of the Uniform Adult Guardianship and Protective Proceedings Jurisdiction Act (“UAGPPJA”) in his article titled “The Resolution of Interstate Adult Guardianship Disputes in New York.” The summary is as follows: The Uniform Adult Guardianship and Protective Proceedings Jurisdiction Act (“UAGPPJA”) is intended to “resolve jurisdiction … Continue reading Robert Harper: The Resolution of Interstate Adult Guardianship Disputes in New York (March 29, 2021)

Pallav Raghuvanshi (Greenberg Traurig LLP): Corporate Tax Hikes for Biden’s Infrastructure Plan (April 2, 2021)

Pallav Raghuvanshi, of Greenberg Traurig LLP, has have made available for download his article, "Corporate Tax Hikes for Biden’s Infrastructure Plan," published in a Greenberg Traurig Alert. The abstract is as follows: On March 11, 2021, two tax reform Bills (the Stop Tax Haven Abuse Act and the No Tax Breaks for Outsourcing Act) were introduced in both the House and the Senate … Continue reading Pallav Raghuvanshi (Greenberg Traurig LLP): Corporate Tax Hikes for Biden’s Infrastructure Plan (April 2, 2021)

Business Insider: The Oscar Mayer heir who gave away his fortune reveals how the rich hide their wealth — and how to stop them (March 31, 2021)

Business Insider has published an article, “The Oscar Mayer heir who gave away his fortune reveals how the rich hide their wealth — and how to stop them,” which reveals how the richest hide their money and how to stop this from the perspective of Chuck Collins. The article begins as follows: Collins was an … Continue reading Business Insider: The Oscar Mayer heir who gave away his fortune reveals how the rich hide their wealth — and how to stop them (March 31, 2021)

HBR: Benjamin Artz, Amanda Goodall, & Andrew J. Oswald: If Your Boss Could Do Your Job, You’re More Likely to Be Happy at Work (December 29, 2016)

Benjamin Artz, Amanda Goodall, & Andrew J. Oswald have published their Harvard Business Review article, titled "If Your Boss Could Do Your Job, You’re More Likely to Be Happy at Work" (December 19, 2016). The article begins as follows: “People don’t quit bad jobs, they quit bad bosses,” according to an old saw. Our research suggests there’s … Continue reading HBR: Benjamin Artz, Amanda Goodall, & Andrew J. Oswald: If Your Boss Could Do Your Job, You’re More Likely to Be Happy at Work (December 29, 2016)

Steven Saraisky (Cole Schotz PC): Contested Estates – When Is The Right Time To Go To Court? (March 24, 2021)

Steven Saraisky, of Cole Schotz PC, has made available for download his article, "Contested Estates – When Is The Right Time To Go To Court?" published in JDSUPRA. The abstract is as follows: There are some instances where going to court is required or necessary.  For example, there is a specific time period to contest … Continue reading Steven Saraisky (Cole Schotz PC): Contested Estates – When Is The Right Time To Go To Court? (March 24, 2021)

Emily Cauble: Questions the IRS Will Not Answer (March 23, 2021)

Emily Cauble, of DePaul University - College of Law, has made available for download her article, "Questions the IRS Will Not Answer," published in the Indiana Law Journal, Vol. 97 (forthcoming). The abstract is as followed: When a taxpayer plans to undertake a transaction and its tax consequences are unclear, the taxpayer can request a … Continue reading Emily Cauble: Questions the IRS Will Not Answer (March 23, 2021)

National Bureau of Economic Research: Tax Evasion at the Top of the Income Distribution: Theory and Evidence (March 2021)

John Guyton,  Patrick Langetieg,  Daniel Reck,  Max Risch & Gabriel Zucman, have made available for download their article, "Tax Evasion at the Top of the Income Distribution: Theory and Evidence," published in the NBER Working Paper Series. The abstract is as follows: This paper studies tax evasion at the top of the U.S. income distribution using IRS micro-data from … Continue reading National Bureau of Economic Research: Tax Evasion at the Top of the Income Distribution: Theory and Evidence (March 2021)

Federal Tax Crimes: Another Failed Judicial Contest of the FBAR Willful Penalty (March 23, 2021)

Jack Townsend, in his Federal Tax Crimes Blog, discusses the failed attempt to overturn the FBAR civil penalty in Kimble v. United States, ___ F.3d ___ (Fed. Cir. 3/22/21). In Kimble v. United States, ___ F.3d ___ (Fed. Cir. 3/22/21), TN here, in an appeal from an adverse holding in a refund suit, the Court sustained the … Continue reading Federal Tax Crimes: Another Failed Judicial Contest of the FBAR Willful Penalty (March 23, 2021)

Taxpayer Advocate Service: NTA Blog: Did You File a Superseding Return? If So, Read On (March 24, 2021)

The National Taxpayer Advocate Blog has published an article, titled “Did You File a Superseding Return? If So, Read On,” which discusses how taxpayers who have filed superseding returns may be affected by the look-back rule and the recent changes that the IRS has made to superseding returns. The abstract is as follows: The statutory … Continue reading Taxpayer Advocate Service: NTA Blog: Did You File a Superseding Return? If So, Read On (March 24, 2021)

AICPA Tax Insider (March 25, 2021): Helping clients emerge from the pandemic; IRS postpones April 15 deadline; Erosion of nexus protection and the burden on small businesses; and More!

  Revocable trusts and the grantor's death: Planning and pitfallsBy Charles A. Barragato, Ph.D., CPAAs grantor trusts become more popular for nontax reasons, practitioners should know the opportunities and risks when a grantor dies, including making a special election that provides many benefits.    IRS postpones April 15 deadlineThe IRS announced that it is postponing the April … Continue reading AICPA Tax Insider (March 25, 2021): Helping clients emerge from the pandemic; IRS postpones April 15 deadline; Erosion of nexus protection and the burden on small businesses; and More!

Forbes: Collateral Attack On Charging Order Via Federal Court Fails In Kerr (March 27, 2021)

Forbes has published an article, “Collateral Attack On Charging Order Via Federal Court Fails In Kerr,” which discusses how debtors will sometimes attempt to collaterally attack a charging order and are usually futile due to abstention doctrines used in federal court. The article, which uses Kerr v. Collier, 2021 WL 972529 (N.D.Ohio, March 16, 2021) … Continue reading Forbes: Collateral Attack On Charging Order Via Federal Court Fails In Kerr (March 27, 2021)

Jennifer Wioncek (Bilzin Sumberg LLP): For The 99.5% Act – Is Change a Coming for the Estate Planning World? (March 26, 2021)

Jennifer Wioncek, of Bilzin Sumberg LLP, has made available for download her article, "For The 99.5% Act – Is Change a Coming for the Estate Planning World?" published in JDSUPRA. The abstract is as follows: With a Democratically controlled Congress, many believe there is a chance that the reduction of the federal estate tax exemption … Continue reading Jennifer Wioncek (Bilzin Sumberg LLP): For The 99.5% Act – Is Change a Coming for the Estate Planning World? (March 26, 2021)

TaxProf Blog – Bryan Camp: Lesson From The Tax Court: S Corp Payments To Sole Shareholder Were Wages (March 22, 2021)

Bryan Camp has published an article on the TaxProf Blog, titled “Lesson From The Tax Court: S Corp Payments To Sole Shareholder Were Wages,” which discusses the outcomes of Lateesa Ward and Ward & Ward Company v. Commissioner, T.C. Memo. 2021-32 (Mar. 15, 2021) (Judge Holmes) as they pertain to owners of S corporations. The article … Continue reading TaxProf Blog – Bryan Camp: Lesson From The Tax Court: S Corp Payments To Sole Shareholder Were Wages (March 22, 2021)

The Hill: Elizabeth Warren fuels class warfare with new wealth redistribution ideas (March 20, 2021)

The Hill has published an article by Jonathan Turley, “Elizabeth Warren fuels class warfare with new wealth redistribution ideas,” which discusses the implications and possible consequences of Elizabeth Warren's proposed wealth and captivity taxes. The article begins as follows: For the purveyors of identity politics, there is no surer bet than leading the masses against … Continue reading The Hill: Elizabeth Warren fuels class warfare with new wealth redistribution ideas (March 20, 2021)

NY Times (March 20, 2021): How to Collect $1.4 Trillion in Unpaid Taxes

The NY Times Editorial Board, in their New York Times article, discuss the solutions needed for government to fix the growing problem of unreported income in the economy. The article, “How to Collect $1.4 Trillion in Unpaid Taxes,” includes the following commentary: Unreported income is the single largest reason that unpaid federal income taxes may amount … Continue reading NY Times (March 20, 2021): How to Collect $1.4 Trillion in Unpaid Taxes

Wealth Management Update – February 2021 (Proskauer Rose LLP)

February 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts The February Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is .6%, which is unchanged from the January rate. The February applicable federal rate ("AFR") for use with a sale … Continue reading Wealth Management Update – February 2021 (Proskauer Rose LLP)

David Fowler Johnson (Winstead PC): Court Affirmed Trial Court’s Reformation Of A Will To Omit The Word “Personal” From The Term “Property” In A Residuary Clause (March 15, 2021)

David Fowler Johnson, of Winstead PC, has made available for download his article, "Court Affirmed Trial Court’s Reformation Of A Will To Omit The Word “Personal” From The Term “Property” In A Residuary Clause," published in JDSUPRA. The article begins as follows: In Odom v. Coleman, a brother and a sister sued each other regarding their … Continue reading David Fowler Johnson (Winstead PC): Court Affirmed Trial Court’s Reformation Of A Will To Omit The Word “Personal” From The Term “Property” In A Residuary Clause (March 15, 2021)

AICPA Tax Insider (March 18, 2021): Developments in Individual Taxation; 5 Ways to Motivate Your Team During Tax Season; Assessment Statutes of Limitation and the Sec. 965 Transition Tax; and More!

  Developments in individual taxationBy members of AICPA Individual and Self-Employed Tax Technical Resource PanelThis semiannual update covers many recent developments affecting individuals, discussing a number of pandemic-related developments, including provisions permitting early distributions and loans from retirement plans.   Assessment statutes of limitation and the Sec. 965 transition taxBy John Keenan, J.D.; Matt Cooper, J.D.; and Michael … Continue reading AICPA Tax Insider (March 18, 2021): Developments in Individual Taxation; 5 Ways to Motivate Your Team During Tax Season; Assessment Statutes of Limitation and the Sec. 965 Transition Tax; and More!