Beau Ruff, of Cornerstone Wealth Strategies, has have made available for download his article, Charitable lead trusts do good while reducing estate taxes, published in Tricities Business News. The article begins as follows: What is a charitable giving technique that doubles as a wealth transfer technique to avoid estate taxes and at the same time … Continue reading Beau Ruff (Tricities Business News): Charitable lead trusts do good while reducing estate taxes (August 2021)
Author: Josh Saret
Taxpayer Advocate Service – TAS Tax Tip: Got a Direct Deposit from the IRS, But Not Sure What it is For? (August 18, 2021)
The Taxpayer Advocate Service has published an article titled “TAS Tax Tip: Got a Direct Deposit from the IRS, But Not Sure What it is For?,” which provides information regarding unknown direct deposits from the IRS. The article begins as follows: Did you get a payment by direct deposit into your account, but not sure … Continue reading Taxpayer Advocate Service – TAS Tax Tip: Got a Direct Deposit from the IRS, But Not Sure What it is For? (August 18, 2021)
Peter J. Reilly (Forbes): Tax Court Swamped By Flood Of Petitions; Here’s What Taxpayers Filing A Suit Need To Know (August 18, 2021)
Peter J. Reilly, of Forbes, has have made available for download his article, Tax Court Swamped By Flood Of Petitions; Here’s What Taxpayers Filing A Suit Need To Know, published in Forbes. The article begins as follows: The United States Tax Court is one of the most accessible courts in the federal system, maybe even … Continue reading Peter J. Reilly (Forbes): Tax Court Swamped By Flood Of Petitions; Here’s What Taxpayers Filing A Suit Need To Know (August 18, 2021)
TaxGirl: IRS Churning Out Math Error Notices, Frustrating Taxpayers
Kelly Phillips Erb, from TaxGirl, has made available for download her article, "IRS Churning Out Math Error Notices, Frustrating Taxpayers." The article begins as follows: Over the past year, the IRS has been slow to process tax returns but has appeared to continue to issue notices – especially math error notices. While the IRS made … Continue reading TaxGirl: IRS Churning Out Math Error Notices, Frustrating Taxpayers
Procedurally Taxing: Another Twist on Death and Taxes (August 17, 2021)
Keith Fogg, Clinical Professor of Law at Harvard Law School, posted "Another Twist on Death and Taxes" which discusses Catlett v. Commissioner. The article begins as follows: In Catlett v. Commissioner, T.C. Memo 2021-102 the Tax Court dismisses a case for lack of prosecution over seven years after the petitioner filed the case. He participated actively in … Continue reading Procedurally Taxing: Another Twist on Death and Taxes (August 17, 2021)
TaxProfBlog – Lesson From The Tax Court: The Concept Of Reasonable Collection Potential (August 16, 2021)
Bryan Camp has published an article on the TaxProf Blog, titled “Lesson From The Tax Court: The Concept Of Reasonable Collection Potential", which discusses the role of Reasonable Collection Potential in law. The article begins as follows: One key concept for submitting a successful Offer In Compromise (OIC) is something called the Reasonable Collection Potential … Continue reading TaxProfBlog – Lesson From The Tax Court: The Concept Of Reasonable Collection Potential (August 16, 2021)
Bloomberg – MacKenzie Scott’s Money Bombs Are Single Handedly Reshaping America (August 12, 2021)
Sophie Alexander, Szu Yu Chen and Shera Avi-Yonah, of Bloomberg, have have made available for download their article, MacKenzie Scott’s Money Bombs Are Single Handedly Reshaping America, published in Bloomberg. The article begins as follows: One email about a $15 million gift, suspected of phishing, sat unopened for a month. Several others about a $20 … Continue reading Bloomberg – MacKenzie Scott’s Money Bombs Are Single Handedly Reshaping America (August 12, 2021)
Robert W. Wood (Forbes): IRS Can Levy Penalties—Even After You’re Dead (August 9, 2021)
Robert W. Wood, of Forbes, has have made available for download his article, IRS Can Levy Penalties—Even After You’re Dead, published in Forbes. The article begins is as follows: Does the IRS like to impose penalties? It must, since IRS penalties have a way of creeping into many tax notices, even for innocent mistakes. You … Continue reading Robert W. Wood (Forbes): IRS Can Levy Penalties—Even After You’re Dead (August 9, 2021)
Michael Hiltzik (The L.A. Times): The death of the ‘Millionaire Next Door’ dream (March 10, 2015)
Michael Hiltzik, of The L.A. Times, has have made available for download his article, The death of the ‘Millionaire Next Door’ dream , published in The L.A. Times. The article begins as follows: The idea that the average guy can become rich via hard work and rigorously virtuous thrift is one of the compelling myths … Continue reading Michael Hiltzik (The L.A. Times): The death of the ‘Millionaire Next Door’ dream (March 10, 2015)
Jenna Fruechtenicht Butler (Ward and Smith, P.A.): Preventing Trust and Estate Disputes (August 13, 2021)
Jenna Fruechtenicht Butler, of ([Ward and Smith, P.A.), has made available for download her article, Preventing Trust and Estate Disputes, published in JDSUPRA. The abstract is as follows: The death of a loved one should be a time for a family to come together. As a trust and estate litigator, unfortunately, I often see families fall … Continue reading Jenna Fruechtenicht Butler (Ward and Smith, P.A.): Preventing Trust and Estate Disputes (August 13, 2021)
TaxGirl: Do Billionaires Pay Income Tax? ProPublica’s New Viral Tax Leak
Kelly Phillips Erb, from TaxGirl, has made available for listening the Taxgirl podcast, titled "Do Billionaires Pay Income Tax? ProPublica’s New Viral Tax Leak.” The article begins as follows: Earlier this summer, ProPublica made waves when it published what it said was verified IRS information showing that billionaires like Jeff Bezos and Warren Buffett pay … Continue reading TaxGirl: Do Billionaires Pay Income Tax? ProPublica’s New Viral Tax Leak
Marilyne Sadowsky: The History of International Tax Law (March 16, 2021)
Marilyne Sadowsky, of Sorbonne Law School, has made available for download her article, The History of International Tax Law, published in the OUP Handbook of International Tax Law. The abstract is as follows: The article argues that international tax law is not a recent law born in the 1920s, it has always existed.From “Miksum” to … Continue reading Marilyne Sadowsky: The History of International Tax Law (March 16, 2021)
TaxNotes – Patrick Driessen National Income, Transfers, and the JCT’s Tax Rates (July 28, 2021)
Patrick Driessen has published an article on Tax Notes, titled “National Income, Transfers, and the JCT’s Tax Rates.” The article begins as follows: In a recent pamphlet framing a congressional hearing on high-income and high-wealth taxpayers, the staff of the Joint Committee on Taxation offered what I believe is its first-ever official judgment about trends in historical … Continue reading TaxNotes – Patrick Driessen National Income, Transfers, and the JCT’s Tax Rates (July 28, 2021)
Ninette Bordoff (Thompson Coburn LLP): What you need to know about recent changes to New York’s power of attorney law (August 2, 2021)
Ninette Bordoff, of Thompson Coburn LLP, has made available for download her article, What you need to know about recent changes to New York’s power of attorney law, published in JDSUPRA. The abstract is as follows: It is important for every adult to include a power of attorney (“POA”) as part of one’s financial and … Continue reading Ninette Bordoff (Thompson Coburn LLP): What you need to know about recent changes to New York’s power of attorney law (August 2, 2021)
TaxNotes – William G. Gale and Claire Haldeman: Taxing Business: The TCJA and What Comes Next
William G. Gale and Claire Haldeman have published an article on the TaxNotes, titled “Taxing Business: The TCJA and What Comes Next.” The article begins as follows: Contrary to popular belief, the Boston Tea Party, a cornerstone of America’s founding narrative, was not a protest against British taxation in general. It was a reaction to … Continue reading TaxNotes – William G. Gale and Claire Haldeman: Taxing Business: The TCJA and What Comes Next
Scott Bieber (Thompson Coburn LLP): Amendments to the Illinois Residential Real Property Transfer on Death Instrument Act make significant changes (July 29, 2021)
Scott Bieber, of Thompson Coburn LLP, has made available for download his article, Amendments to the Illinois Residential Real Property Transfer on Death Instrument Act make significant changes, published in JDSUPRA. The abstract is as follows: On July 9, 2021, Governor Pritzker signed a bill amending the Illinois Residential Real Property Transfer on Death Instrument … Continue reading Scott Bieber (Thompson Coburn LLP): Amendments to the Illinois Residential Real Property Transfer on Death Instrument Act make significant changes (July 29, 2021)
Procedurally Taxing: Unsigned and Electronically Signed Refund Claims (July 26, 2021)
Keith Fogg, Clinical Professor of Law at Harvard Law School, posted "Unsigned and Electronically Signed Refund Claims" which discusses refund claims. The article begins as follows: Last year I blogged on the case of Gregory v. United States, 149 Fed. Cl. 719 (2020), in which the Court of Federal Claims denied a refund claim because the taxpayers did … Continue reading Procedurally Taxing: Unsigned and Electronically Signed Refund Claims (July 26, 2021)
TaxProf Blog – Lesson From The Tax Court: No Deduction For Under-The-Table Cash Payments (July 26, 2021)
Bryan Camp has published an article on the TaxProf Blog, titled “Lesson From The Tax Court: No Deduction For Under-The-Table Cash Payments", which discusses Cohan v. Commissioner. The article begins as follows: When my son took an informal job as a “ranch hand” this past May, he was delighted to receive unrecorded cash payments. He … Continue reading TaxProf Blog – Lesson From The Tax Court: No Deduction For Under-The-Table Cash Payments (July 26, 2021)
April M. Barton: Teaching Lawyers to Think Like Leaders: The Next Big Shift in Legal Education (May 26, 2021)
April M. Barton, of Duquesne University - School of Law, has made available for download her article, Teaching Lawyers to Think Like Leaders: The Next Big Shift in Legal Education, published in the Duquesne University School of Law Research Paper. The abstract is as follows: The old saying is that students go to law school … Continue reading April M. Barton: Teaching Lawyers to Think Like Leaders: The Next Big Shift in Legal Education (May 26, 2021)
Forbes – The Case Of Ernie Ryder And When Tax Shelter Promoters Drink Their Own Koolaid (July 26, 2021)
Jay Adkisson has made available his article, The Case Of Ernie Ryder And When Tax Shelter Promoters Drink Their Own Koolaid, published in Forbes. The article begins as follows: In Ernest S. Ryder & Assoc., Inc. v. CIR, the U.S. Tax Court ruled against a well-known San Diego area promoter of aggressive tax strategies, Ernie Ryder, … Continue reading Forbes – The Case Of Ernie Ryder And When Tax Shelter Promoters Drink Their Own Koolaid (July 26, 2021)
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