AICPA Tax Insider.2020.02.06: Current Partnership Developments; Understatement of Gain Doesn't Extend Statute of Limitations; Employee or Independent Contractor

Current developments in partners and partnerships By Hughlene A. Burton, CPA, Ph.D. This annual update reviews and analyzes recent law changes as well as rulings and decisions involving partnerships, including developments affecting partnership audits and guidance issued under the law known as the Tax Cuts and Jobs Act. Electronic filing mandated for Sec. 501(c)(3) applications … Continue reading AICPA Tax Insider.2020.02.06: Current Partnership Developments; Understatement of Gain Doesn't Extend Statute of Limitations; Employee or Independent Contractor

HBR.Hotlist.2020.02.03: The Three Skills that Control Time Management; The Power of Defining What Your Company Is Not; and More

TIME MANAGEMENT Time Management Is About More Than Life Hacks by Erich C. Dierdorff Your productivity hinges on these three skills. LEADERSHIP & MANAGING PEOPLE Don’t Demonize Employees Who Raise Problems by Nilofer Merchant They’re identifying opportunities for growth and innovation. CAREER PLANNING Is That Stretch Job Right for You? by Rebecca Zucker Six things to consider when applying. LEADERSHIP What … Continue reading HBR.Hotlist.2020.02.03: The Three Skills that Control Time Management; The Power of Defining What Your Company Is Not; and More

Sharon Klein, Wilmington Trust: The State of the States (Jan. 2020)

Sharon Klein, President, Family Wealth, Eastern US Region, Wilmington Trust, NA, has made available for download her article, The State of the States, published in Trusts & Estates (Jan. 2020). The Abstract is as follows: This article provides an overview of some key state-level planning developments across the U.S., including:• Latest estate and gift tax … Continue reading Sharon Klein, Wilmington Trust: The State of the States (Jan. 2020)

Beyer: Texas Estate Planning Judicial Update: End of 2019 Edition

Professor Gerry W. Beyer, of Texas Tech School of Law, has made available for download his article, Beyer: Texas Estate Planning Judicial Update: End of 2019 Edition. The Abstract is as follows: This article discusses recent judicial developments (last half of 2019) relating to the Texas law of intestacy, wills, estate administration, trusts, and other … Continue reading Beyer: Texas Estate Planning Judicial Update: End of 2019 Edition

Carter v. Commissioner, T.C. Memo 2020-21: Married Individuals Denied Charitable Contribution Deductions; Supervisory Approval Not Met

In Carter v. Commissioner, the Tax Court upheld the disallowance of charitable contribution deductions for the conveyance of an easement to a qualified organization. The opinion synopsis is as follows: DH, a partnership of which Ps were partners, conveyed to NALT, a "qualified organization" within the meaning of I.R.C. sec. 170(h)(3), an easement that restricts … Continue reading Carter v. Commissioner, T.C. Memo 2020-21: Married Individuals Denied Charitable Contribution Deductions; Supervisory Approval Not Met

IRS Launches New Online Resource “Identity Theft Central” (Feb. 4, 2020)

 The IRS has launched Identity Theft Central, designed to improve online access to information on identity theft and data security protection for taxpayers, tax professionals and businesses. Located on IRS.gov, Identity Theft Central is available 24/7 at irs.gov/identitytheft. It is a resource on how to report identity theft, how taxpayers can protect themselves against phishing, online scams … Continue reading IRS Launches New Online Resource “Identity Theft Central” (Feb. 4, 2020)

US v. Marin, 18 CV 9307 (VB) (US Dist. NY Jan. 22, 2020): IRS allowed to proceed with claims for unpaid estate tax

The government’s claim to foreclose its federal tax liens, for an order of judicial sale of the estate’s properties, and to appoint a receiver to operate and liquidate the properties was allowed to proceed. The estate argued that the probate exception to federal jurisdiction resulted in the court not having jurisdiction over the foreclosure claim. … Continue reading US v. Marin, 18 CV 9307 (VB) (US Dist. NY Jan. 22, 2020): IRS allowed to proceed with claims for unpaid estate tax