Bloomberg News: IRS Fails to Pursue Thousands of Rich Tax Cheats, Watchdog Says (June 1, 2020)

Bloomberg News reports that the Treasury Department has released a report stating that the IRS fails to pursue thousands of "Rich Tax Cheats." The article begins as follows: The Internal Revenue Service is letting hundreds of thousands of high-income individuals duck their tax obligations, according to a government watchdog report.The Treasury Inspector General for Tax … Continue reading Bloomberg News: IRS Fails to Pursue Thousands of Rich Tax Cheats, Watchdog Says (June 1, 2020)

Lisa Starczewski, Bloomberg Tax (May 26, 2020): An Unexpected Gift in Opportunity Zone Correcting Amendments—Did This Really Just Happen?

Lisa Starczewski has made available her article, published in Bloomberg Tax, An Unexpected Gift in Opportunity Zone Correcting Amendments—Did This Really Just Happen?, published on May 26, 2020. The summary is as follows: Created by the Tax Cuts and Jobs Act, the Opportunity Zones program offers significant tax incentives to encourage investment in certain designated … Continue reading Lisa Starczewski, Bloomberg Tax (May 26, 2020): An Unexpected Gift in Opportunity Zone Correcting Amendments—Did This Really Just Happen?

Bridgewater YouTube Video: The Mechanics of the Economic Flywheel and Pandemic Investment Outcomes (May 28, 2020)

Bridgewater has released a video where, in conversation with Senior Portfolio Strategist Jim Haskel, Co-CIO Bob Prince examines the forces COVID-19 unleashed on the economy, the measures that will be required to restart the flywheel between income and spending, and the range of ways the shock is impacting different countries, sectors, and companies. It looks … Continue reading Bridgewater YouTube Video: The Mechanics of the Economic Flywheel and Pandemic Investment Outcomes (May 28, 2020)

AICPA Tax Insider (May 28, 2020): Misconceptions about defined benefit plans; deduction for worthless partnership interest; and more

3 common misconceptions about defined benefit plans By David Podell Defined benefit plans permit larger employer contributions than most qualified retirement plans and are worth a look despite these misconceptions. HSA contribution limits increase for 2021 The IRS issued its annual inflation-adjusted contribution limits for contributions to health savings accounts permitted to participants in high-deductible … Continue reading AICPA Tax Insider (May 28, 2020): Misconceptions about defined benefit plans; deduction for worthless partnership interest; and more

Leimberg Weekly Digest: 2020.05.16-23

·  May 20 -Steve Leimberg's Estate Planning NewsletterBeth Shapiro Kaufman & Megan E. Wernke: GST Exemption Allocation for 2019, Better Late than TimelySteve Leimberg's Business Entities Newsletter·  May 18 -Jeff Scroggin & Michael Burns: Checklist for Avoiding Penalties on PPP Loan Certifications·  May 18 -Alan Gassman, Brandon Ketron, Lawrence Starr & Kevin Cameron - Newly Published PPP Loan … Continue reading Leimberg Weekly Digest: 2020.05.16-23

HBR Hotlist.2020.05.26: want to be more productive, trying doing less

Want to Be More Productive? Try Doing Less. By Kate Northrup A step-by-step guide to pare down your to-do list. WORKSPACES 5 Tips for Safely Reopening Your Office by Joseph Grenny Establishing a new normal will require a bit of training. CONFLICT If You Feel Like You’re Regressing, You’re Not Alone by Merete Wedell-Wedellsborg Crisis is often a three-act story: … Continue reading HBR Hotlist.2020.05.26: want to be more productive, trying doing less

Stanford Business 2020.05.24: COVID-19 Changes Everything — and Nothing — about Managing Workers

LeadershipCOVID-19 Changes Everything — and Nothing — about Managing WorkersFor employers, best practices during a pandemic are no different than before: Take care of your people.Read More EconomicsHow Much Is Your Slice of That Unicorn Really Worth?A new online calculator estimates the true value of stock at venture-backed startups.Read More FinanceYou’ll Be Using Digital Currency Before You … Continue reading Stanford Business 2020.05.24: COVID-19 Changes Everything — and Nothing — about Managing Workers

Jay Adkisson: Mechanics Of Assignment Orders Illuminated In Optronics Technologies

Jay Adkisson, in his Forbes Column, Mechanics Of Assignment Orders Illuminated In Optronics Technologies, describes how assignment orders work in the creditor/asset protection context. His article begins as follows: An assignment order is a post-judgment enforcement remedy that causes some asset (usually a right to an income stream such as royalties) to be assigned from … Continue reading Jay Adkisson: Mechanics Of Assignment Orders Illuminated In Optronics Technologies

Demircan v. Mikhaylov: Florida Court Applies Common Law To Modify Irrevocable Trust

The Probate Stars blog reports on  Demircan v. Mikhaylov,, where a Florida court applied common law to modify an irrevocable trust. Their article begins as follows: There are certain situations where an irrevocable trust can be modified under Florida law.  In the May 2020 case of Demircan v. Mikhaylov, Florida’s Third District Court of Appeal … Continue reading Demircan v. Mikhaylov: Florida Court Applies Common Law To Modify Irrevocable Trust

Lloyd Bonfield & Bridget J. Crawford, Commentary on In Re Strittmater’s Estate, Feminist Judgments: Rewritten Trusts and Estates Opinions (Deborah S. Gordon, Browne C. Lewis & Carla Spivack eds. Cambridge U. Press, 2020)

Professors Lloyd Bonfield & Bridget Crawford have made available for download their article, Commentary on In Re Strittmater's Estate, Feminist Judgments: Rewritten Trusts and Estates Opinions (Deborah S. Gordon, Browne C. Lewis & Carla Spivack eds. Cambridge U. Press, 2020). The Abstract is as follows: This commentary on Strittmater’s Estate, 53 A.2d 205 (N.J. 1947), … Continue reading Lloyd Bonfield & Bridget J. Crawford, Commentary on In Re Strittmater’s Estate, Feminist Judgments: Rewritten Trusts and Estates Opinions (Deborah S. Gordon, Browne C. Lewis & Carla Spivack eds. Cambridge U. Press, 2020)

Laurel Mast, Against Autonomy: How Proposed Solutions to the Problems of Living Wills Forgot its Underlying Principle

Laurel Mast, Oregon Health & Science University, has made available for download her article, Against Autonomy: How Proposed Solutions to the Problems of Living Wills Forgot its Underlying Principle, published in Bioethics, Vol. 34, Issue 3 (2020). The Abstract is as follows: Significant criticisms have been raised regarding the ethical and psychological basis of living … Continue reading Laurel Mast, Against Autonomy: How Proposed Solutions to the Problems of Living Wills Forgot its Underlying Principle

Albert Feuer, How the CARES Act Takes Care of an Individual’s Savings and Retirement Benefits, 48 Comp. Plan. J. 110 (May 2020)

Albert Feuer has made available for download his article, How the CARES Act Takes Care of an Individual's Savings and Retirement Benefits, 48 Comp. Plan. J. 110 (May 2020).  The Abstract is as follows: The CARES Act forgives federal student loan payments with due dates between March 27, 2020 and September 30, 2020 and suspends … Continue reading Albert Feuer, How the CARES Act Takes Care of an Individual’s Savings and Retirement Benefits, 48 Comp. Plan. J. 110 (May 2020)

Business Law Prof Blog: Dead Investors Tell No Tales – Expunging Information After a Customer Passes

Professor Benjamin P. Edwards, on his Business Law Prof Blog, writes about stockbrokers expunging negative information. His post begins as follows: I've written about the expungement process stockbrokers now use to suppress public information before.   We know that brokers who receive expungements are statistically more likely to cause harm than the average broker--about 3.3 times … Continue reading Business Law Prof Blog: Dead Investors Tell No Tales – Expunging Information After a Customer Passes

NAEPC Journal of Estate & Tax Planning – Issue 34 – May 2020

The NAEPC (National Association of Estate Planning Councils) has issued its May 2020 Journal of Estate & Tax Planning. The summary of articles and links are as follows. Regular Columns and Reports Editor's Note: Strategic Estate Planning: The Perfect Storm A confluence of more time on our hands, an urgent reminder of the important things in … Continue reading NAEPC Journal of Estate & Tax Planning – Issue 34 – May 2020

The Tax Lawyer Spring 2020 Issue Published

The Tax Lawyer has published its Spring 2020 Issue. The articles include the following: John A. Townsend, Burden of Proof in Tax Cases: Valuation and Ranges—An Update, 73 Tax Law. 389 (2020)Keith Fogg, Access to Judicial Review in Nondeficiency Tax Cases, 73 Tax Law. 435 (2020)Bruce A. McGovern, Cassady V. Brewer & James M. Delaney, … Continue reading The Tax Lawyer Spring 2020 Issue Published

AICPA Tax Insider (May 14, 2020): Covid Tax Changes and More

COVID-19 pandemic prompts many tax changes By Alistair M. Nevius, J.D., and Sally P. Schreiber, J.D. Taxpayers have a variety of tax relief measures to help them through the economic disruption caused by the coronavirus pandemic. From tax credits to filing postponements, here is a breakdown of the initial changes benefiting individuals and businesses.  IRS … Continue reading AICPA Tax Insider (May 14, 2020): Covid Tax Changes and More

Akers & Aucutt: Estate of Howard V. Moore, T.C. Memo 2020-40

Steve Akers and Ron Aucutt, of Bessemer Trust, have published their summary of Howard V. Moore, T.C. Memo 2020-40 on the Bessemer website, along with a video presentation. The summary of their presentation and case summary is as follows: In this Estate Planning Case Summary and video, Estate of Howard V. Moore, T.C. Memo 2020-40, … Continue reading Akers & Aucutt: Estate of Howard V. Moore, T.C. Memo 2020-40

Jack Townsend – Federal Tax Crimes Blog: U.S. Taxpayer Renouncing U.S. Citizenship Indicted And Extradition Started (5/11/20)

Jack Townsend, on his Federal Tax Crimes Blog writes about a US Taxpayer in the process of expatriating and renouncing his US citizenship who was indicted by DOJ.  His post begins as follows: A reader just alerted me that I had overlooked a significant item of interest to readers of this blog. On March 5, … Continue reading Jack Townsend – Federal Tax Crimes Blog: U.S. Taxpayer Renouncing U.S. Citizenship Indicted And Extradition Started (5/11/20)

COVID-19 Resources for Guardians (Elder Law Prof Blog – May 11, 2020)

The Elder Law Prof Blog provides links to websites with COVID-19 Resources for Guardians. Their post begins as follows: With stay at home orders and LTC facilities prohibiting outside visitors, how do guardians discharge their duties?  The National Guardianship Association (NGA), along with the ABA Commission on Law and Aging, and the National Center for State Courts have compiled a … Continue reading COVID-19 Resources for Guardians (Elder Law Prof Blog – May 11, 2020)

Stanford Business (May 10, 2020): How to Balance Career, Family, and the Laundry; and more

Behavior Power: What It Means to Have it — and How to Reclaim It  We all know what it looks like to use power badly. A new book shows us how it can be used well. Read More  Balance Power Couples Explain How They Juggle Career, Family, and the Laundry Here are five tips from … Continue reading Stanford Business (May 10, 2020): How to Balance Career, Family, and the Laundry; and more