D.E. (Ed) Wilson, Jr., of Venable, has summarized a recent FinCEN study of elder financial exploitation. Mr. Wilson's article begins as follows: The Financial Crimes Enforcement Network (FinCEN), the arm of the U.S. Treasury that administers the anti-money laundering (AML) laws of the United States, just released the results of a six-year (2013-2019) study of "elder financial … Continue reading Venable: Senior Citizens Facing Increased Financial Exploitation (Feb. 14, 2020)
Bryan Camp has published an article on the Tax Prof Blog, entitled Lesson From The Tax Court: Drafting Error Costs Client $16 Million Deduction (Feb. 10, 2020). The article begins as follows: Tax statutes and tax regulations mostly use words to talk about numbers. One of the basic lessons I must teach students is how … Continue reading TaxProf Blog – Bryan Camp: Lesson From The Tax Court: Drafting Error Costs Client $16 Million Deduction (Feb. 10, 2020)
Career: Eight Tips for Building and Leveraging Your Network A leadership coach shows how to make the most of your professional relationships.Read More Leadership: Should CEOs Take a Stance on Controversial Topics?Business leaders are blurring the lines between business and politics. But is it a good thing?Watch Now Health: How Private-Sector Firms Create a Culture of HealthMore companies … Continue reading Stanford Business Insights.2020.02.16: Are You Making the Most of Your Network? and More!
Paul Sullivan's NY Times column, Wealth Matters, addresses planning in anticipation of the 2020 election, which many estate planners are currently engaged in. His article begins as follows: Trying to guess how and when the tax code is going to change and plan for those changes now is an impossible task. Most prognosticators guessed correctly … Continue reading NYTimes, Paul Sullivan, Wealth Matters: 2 Tax Strategies to Consider Ahead of the 2020 Election (Feb. 14, 2020).
Brian Corrigan, of Farrell Fritz, writes about a case where the NY Surrogote's Court awarded a non-party $40,000 in counsel fees for compliance with a subpoena. HIs article begins as follows: New York CPLR 3122(d) provides that the “reasonable production expenses” incurred by a non-party’s compliance with a subpoena shall be defrayed by the party issuing the … Continue reading Corrigan: NY Surrogate’s Court Awards a Non-Party $40,000 in Counsel Fees for Complying with a Subpoena Requiring Production of ESI
The Tax Court held that taxpayer’s IRA distributions were taxable income for two tax years at issue. Taxpayer inherited the IRA from his mother and received two separate distributions during the two tax years at issue, which he did not report because he did not believe he owed tax on the distribution. At trial, taxpayer … Continue reading Essner v. Commissioner, T.C. Memo 2020-23: Distributions From Inherited IRA Considered Taxable Income
2020 Outlook on Tax The Bloomberg Tax & Accounting: 2020 Outlook on Tax is available for download. It covers the following topics: Major takeaways from our investigation of Ontario’s tax-sharing pactThe top five SALT initiatives for 2020The countries following Australia’s example on taxing low-value imported goodsWhy implementing the Taxpayer First Act is the IRS’s top … Continue reading Bloomberg Tax & Accounting: (a) 2020 Outlook on Tax, and (b) 2019 Tax Developments for Estates, Gifts and Trusts Available for Download