HBR Hotlist (Oct. 12, 2020): Next Gen Office Communication Tech (Beyond Zoom + Slack); Type Less + Talk More to Get More Done; Managing Hybrid Teams; and More

The Next Generation of Office Communication Tech By Ethan Murray You thought Zoom and Slack were high-tech? Buckle up. RACE How Businesses Can Recruit and Develop More Young People of Color by Joiselle Cunningham, Angela Jackson A guide to building a better pipeline. LEADING TEAMS 5 Strategies to Support Your Employees Through a Crisis by Wei Zheng A researcher surveyed employees … Continue reading HBR Hotlist (Oct. 12, 2020): Next Gen Office Communication Tech (Beyond Zoom + Slack); Type Less + Talk More to Get More Done; Managing Hybrid Teams; and More

TD 9918: Non grantor Trusts Misc. Itemized Deductions

Treasury has released final regulations contenting amendments to Treas. Reg. §§1.67–4, 1.642(h)–2 and 1.642(h)–5, clarifying that the following deductions allowed to an estate or non-grantor trust are not miscellaneous itemized deductions: costs paid or incurred in connection with the administration of an estate or non-grantor trust that would not have been incurred if the property … Continue reading TD 9918: Non grantor Trusts Misc. Itemized Deductions

Final Regs – T.D. 9914: Eligible Terminated S Corps (Sept. 15, 2020)

The IRS has issued final regulations (T.D. 9914) as guidance on the definition of an eligible terminated S corporation and rules relating to distributions of money by such a corporation after the post-termination transition period. To see final regs, click Final Regs - T.D. 9914: Eligible Terminated S Corps (Sept. 15, 2020).

Bloomberg News: Millionaires Would Pay Up Under Biden Tax Plans, Study Shows (Sept. 14, 2020)

According to Bloomberg News, millionaires could see much bigger tax bills if Democrat Joe Biden is elected president in November, but levies on most households below the top income brackets would stay about the same as under President Donald Trump, an outside analysis shows. Biden’s tax proposals would have the top 0.1% of earners -- those currently … Continue reading Bloomberg News: Millionaires Would Pay Up Under Biden Tax Plans, Study Shows (Sept. 14, 2020)

Stanford Business (Sept. 2020): Transitioning from Good to Great Leaders; Managing in the Moment; and More!

Strategy Four Ways Good Leaders Become Great Leaders Build a company culture where both you and your employees thrive. Watch More  Economics Mapping the Good and the Bad of Pandemic-Related Restrictions A new computer model developed by Stanford researchers could help policymakers choose the right reopening strategy. Read More  Finance Craftier Than Cash: How Banks … Continue reading Stanford Business (Sept. 2020): Transitioning from Good to Great Leaders; Managing in the Moment; and More!

McGuire Woods: Recent Cases of Interest to Fiduciaries (Sept. 2, 2020).

In the most recent installment of the McGuireWoods Fiduciary Advisory Services annual multipart series on recent fiduciary cases, developments in the law concerning various topics are examined through the following: In the Matter of the William J. Raggio Family Trust, 460 P.3d 969 (Nev. April 9, 2020). Nevada Supreme Court found that the settlor’s surviving spouse, as trustee, … Continue reading McGuire Woods: Recent Cases of Interest to Fiduciaries (Sept. 2, 2020).

HBR Hotlist (Aug. 31, 2020): Take Ownership of Your Future Self; Save Time Working Remotely; Making Rational Decisions During Uncertainty; Creating Your Own Career Luck; and More!

Take Ownership of Your Future Self By Benjamin Hardy Change is inevitable — but it’s not out of your control. MANAGING YOURSELF How to (Actually) Save Time When You’re Working Remotely by Lauren C. Howe, Ashley Whillans, Jochen I. Menges Six strategies. BUDGETING An Agile Approach to Budgeting for Uncertain Times by Darrell K. Rigby, Joost Spits, Steve Berez The pandemic is making … Continue reading HBR Hotlist (Aug. 31, 2020): Take Ownership of Your Future Self; Save Time Working Remotely; Making Rational Decisions During Uncertainty; Creating Your Own Career Luck; and More!

PLR202035010: Irrevocable Trust Qualifies as See Through Trust for IRAs

In PLR 202035010, the Service ruled that an irrevocable trust qualified as a see through trust regarding IRA distributions under Reg. §1.401(a)(9)-4, Q&A-5. In PLR 202035010, the decedent ("D") established two trusts, one revocable and one irrevocable trust. D named the revocable trust as the beneficiary of his two IRAs. The revocable trust named D's … Continue reading PLR202035010: Irrevocable Trust Qualifies as See Through Trust for IRAs

Treasury Decision 9909 – Limitation on Deduction for Dividends Received from Foreign Corporations and Amounts Eligible for Section 954 Look-Through Exception

The IRS and Treasury has issued final regs under Code Secs. 245A and 954. The final regs do the following:  Limit the deduction for certain dividends received by US persons from foreign corporations under Code Sec. 245A; andLimit the exception to subpart F income under Code Sec. 954(c)(6) for certain dividends received by controlled foreign … Continue reading Treasury Decision 9909 – Limitation on Deduction for Dividends Received from Foreign Corporations and Amounts Eligible for Section 954 Look-Through Exception

IRS IR-2020-187 (Aug. 25, 2020): Reminder to Taxpayers- deadline to return distributions to retirement accounts is Aug. 31

The Internal Revenue Service today reminds IRA owners, beneficiaries or workplace retirement plan participants who received a Required Minimum Distribution (RMD) this year that they have until August 31 to rollover or repay the distribution to avoid paying taxes. The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives RMDs during 2020 for … Continue reading IRS IR-2020-187 (Aug. 25, 2020): Reminder to Taxpayers- deadline to return distributions to retirement accounts is Aug. 31

HBR Hotlist (Aug. 24, 2020): Is your org ready for permanent WFH?; The 2nd Half of Your Career; and More!

Is Your Organization Ready for Permanent WFH? By Maxim Sytch, Lindred L. Greer Some jobs just don’t require an office. CAREER PLANNING How to Reimagine the Second Half of Your Career by Jeff Gothelf You’re not done growing. LEADERSHIP Without Compassion, Resilient Leaders Will Fall Short by Carol Kauffman Don’t lash out at employees who aren’t as cool under … Continue reading HBR Hotlist (Aug. 24, 2020): Is your org ready for permanent WFH?; The 2nd Half of Your Career; and More!

HK: Private Wealth & Politics 2020 for High Net Worth Individuals

Holland & Knight's Private Wealth Services Group and Public Policy & Regulation Groupare presenting a three-part series of virtual discussions on private wealth and politics. Our attorneys from a wide array of professional experiences will discuss information via a trio of webinars tailored for ultra-high-net-worth (UHNW) clients, family office administrators and their advisors. Topics include "What Do Changes … Continue reading HK: Private Wealth & Politics 2020 for High Net Worth Individuals

August 19, 2020: Free Webinar: Jonathan Blattmachr on SECURE Act Planning and Laura Mandel, Pamela Lucina & Logan Winn (Northern Trust) on the Impact of COVID-19 on Trustee Duties

To register for this program, click here. FeaturingJonathan BlattmachrSenior Advisor at Pioneer Wealth Partners & Leading Estate Tax Lawyer discussing How To Reclaim the Stretch for IRAs andPlans Notwithstanding the SECURE Act & Laura MandelSenior Vice President and Chief Fiduciary Officerat The Northern Trust Company Pamela LucinaExecutive Vice President, Chief Fiduciary Officer, Head of Trust … Continue reading August 19, 2020: Free Webinar: Jonathan Blattmachr on SECURE Act Planning and Laura Mandel, Pamela Lucina & Logan Winn (Northern Trust) on the Impact of COVID-19 on Trustee Duties

AICPA Tax Insider (Aug. 13, 2020): AICPA Asks for PPP Deducibility; Professional Responsibility in Virtual Age; and More!

R&D tax credits: A valuable cash infusion for businesses By Karen J. Koch, CPA In these uncertain economic times when almost every business is struggling, it's time to take another look at these beneficial credits, which many businesses may not realize they can take. AICPA continues to ask Congress to include PPP deductibility in upcoming … Continue reading AICPA Tax Insider (Aug. 13, 2020): AICPA Asks for PPP Deducibility; Professional Responsibility in Virtual Age; and More!

Leimberg Weekly Digest: August 1-8, 2020

LISI WEEKLY DIGEST [Subscription Required]  Steve Leimberg's Estate Planning Newsletter·  August 7 -Steve Leimberg - Review of Planning for Ownership and Inheritance of Pension and IRA Accounts and Benefits in Trust or Otherwise After the Secure Act: The Estate Planner's IRA/Pension Planning Guide·  August 6 -Michael Geeraerts & Jim Magner on the Bolles and Kroner Cases - Is … Continue reading Leimberg Weekly Digest: August 1-8, 2020

Bloomberg Tax: Trump’s and Biden’s tax plans – side by side (Aug. 11, 2020)

Bloomberg Tax has released a free report comparing Trump and Biden's tax plans, side by side. The summary is below: The question of who will become president poses a lot of “what ifs” for tax professionals and their clients. This complimentary report, Trump, Biden Tax Plan Comparison, will help you take the guesswork out of your … Continue reading Bloomberg Tax: Trump’s and Biden’s tax plans – side by side (Aug. 11, 2020)

Texas Fiduciary Litigator: Old College Friends Do Not Generally Owe Fiduciary Duties To Each Other (July 25, 2020)

David Fowler Johnson, in his Texas Fiduciary Litigator Blog, discusses Gill v. Grewal. In Gill v. Grewal, the suit arose out of a failed business venture between old college friends. No. 4:14-CV-2502, 2020 U.S. Dist. LEXIS 104461 (S. D. Tex. June 15, 2020). Gill and Grewal attended college together in the late 1960s. After falling … Continue reading Texas Fiduciary Litigator: Old College Friends Do Not Generally Owe Fiduciary Duties To Each Other (July 25, 2020)

FPA Smartbrief (Aug. 4, 2020): Advisors Contributing to Their Communities; Preparing for Wealth Shift to Women; Getting the Most Out of Your Marketing, and More!

Advisers play key role in caring for the community From developing protocols to keep workers and clients safe in re-opened offices to helping communities of color, the pandemic has given many advisers new opportunities to contribute to their communities in valuable ways, writes Ana Trujillo Limón, senior editor of the Journal of Financial Planning, and editor … Continue reading FPA Smartbrief (Aug. 4, 2020): Advisors Contributing to Their Communities; Preparing for Wealth Shift to Women; Getting the Most Out of Your Marketing, and More!

HBR Hotlist (Aug. 3, 2020): Dealing with sleep deprivation at work; what to do when your boss doesn’t like you; how to reopen offices in COVID environment and more

“Woke-Washing” Your Company Won’t Cut It By Erin Dowell, Marlette Jackson  How businesses can really follow through on their statements of solidarity. LEADERSHIP How to (Actually) Change Someone’s Mind by Laura Huang, Ryan Yu Three strategies to turn your adversaries into allies. PRODUCTIVITY You Need More Sleep. What Should You Do If You Can’t Get It? by Christopher M. Barnes Hint: Coffee … Continue reading HBR Hotlist (Aug. 3, 2020): Dealing with sleep deprivation at work; what to do when your boss doesn’t like you; how to reopen offices in COVID environment and more