AICPA Tax Advisor (2020.01.20): Writing to Win Tax Appeals; Proposed Donor Reporting Regs; 2020 Tax Filing Season Preview; and more

2020 tax filing season preview By Paul Bonner CPA firms venture into the new decade of serving taxpayers having mastered many Tax Cuts and Jobs Act changes, but with many areas still awaiting guidance. This update also includes the Journal of Accountancy's helpful annual quick guide, a tax season reference with dollar thresholds, tax tables, … Continue reading AICPA Tax Advisor (2020.01.20): Writing to Win Tax Appeals; Proposed Donor Reporting Regs; 2020 Tax Filing Season Preview; and more

2020 54th Annual Heckerling – ABA Reports [Updated 2020.01.16]

The 54th Annual Heckerling Institute on Estate Planning is being held January 13-17, 2020. The Heckerling Institute on Estate Planning is the nation's leading conference for estate planning professionals. The program is designed for sophisticated attorneys, trust officers, accountants, insurance advisors, and wealth management professionals who are familiar with the principles of estate planning. The … Continue reading 2020 54th Annual Heckerling – ABA Reports [Updated 2020.01.16]

IRS Launches Free File (Jan. 13, 2020)

In IR-2020-6, the IRS announced its free file program. It's announcement reads as follows: Most taxpayers can get an early start on their federal tax returns as IRS Free File – featuring brand-name online tax providers − opens today at IRS.gov/freefile for the 2020 tax filing season. Taxpayers whose adjusted gross income was $69,000 or less in 2019 – … Continue reading IRS Launches Free File (Jan. 13, 2020)

Est. of Agnes Skeba v. US, 2019-2 USTC ¶60,717 (Oct. 3, 2019): De Novo Std Applied to Estate's Reasonable Cause Claim

In Est. of Agnes Skeba v. US, 2019-2 USTC ¶60,717 (Oct. 3, 2019), the US District Court for the District of New Jersey applied a de novo standard of review to determine whether an estate demonstrated reasonable cause and not willful neglect in failing to timely file its federal estate tax return. Before the deadline for … Continue reading Est. of Agnes Skeba v. US, 2019-2 USTC ¶60,717 (Oct. 3, 2019): De Novo Std Applied to Estate's Reasonable Cause Claim

Ron Aucutt's Top Ten Estate Planning and Estate Tax Developments of 2019

Bessemer Trust has released Ron Aucutt's Top Ten Estate Planning and Estate Tax Developments of 2019. Bessemer's announcement begins as follows: In an annual tradition, Ron Aucutt has identified what he views as the top ten estate planning and estate tax developments of 2019 and has provided context and analysis for each item.This analysis addresses … Continue reading Ron Aucutt's Top Ten Estate Planning and Estate Tax Developments of 2019

National Taxpayer Advocate delivers Annual Report to Congress: focuses on Taxpayer First Act implementation, taxpayer service, and IRS funding

 Acting National Taxpayer Advocate Bridget Roberts has released her 2019 Annual Report to Congress. Key challenges highlighted in the report include implementation of the Taxpayer First Act, inadequate taxpayer service and limited funding of the agency. Roberts also released the third edition of the National Taxpayer Advocate's "Purple Book," which presents 58 legislative recommendations designed to strengthen taxpayer … Continue reading National Taxpayer Advocate delivers Annual Report to Congress: focuses on Taxpayer First Act implementation, taxpayer service, and IRS funding

Eric Penzer: Waiving a Decedent's Attorney-Client Privilege, NY T&E Litigation Blog (Jan. 8, 2020).

Eric Penzer, of Farrell Fritz, writes about how a decedent's attorney client privilege can be waived, which was recently discussed by the Supreme Court of New York, Appellate Division, Fourth Judicial Department. Mr. Penzer's article begins as follows: “The attorney client privilege, the oldest among common-law evidentiary privileges, fosters the open dialogue between lawyer and … Continue reading Eric Penzer: Waiving a Decedent's Attorney-Client Privilege, NY T&E Litigation Blog (Jan. 8, 2020).