Ilene Cooper: Appellate Division Addresses the Removal of a Fiduciary (May 6, 2022)

Ilene Cooper, of Farrell Fritz Attorneys, has mad available for download her article, “Appellate Division Addresses the Removal of a Fiduciary”, published on the New York State Litigation Blog. The abstract is as follows: While the removal of a fiduciary has long been the subject of Surrogate’s Court opinions, it is not often that the … Continue reading Ilene Cooper: Appellate Division Addresses the Removal of a Fiduciary (May 6, 2022)

KPMG Tax NewsFlash: Proposed Regulations: Updated Actuarial Tables for Valuing Annuities, Terms of Years, and Remainder Interests (May 4, 2022)

KPMG has made available for download their article, “Proposed Regulations: Updated Actuarial Tables for Valuing Annuities, Terms of Years, and Remainder Interests”, which discusses the Federal Register Proposed Regulations. The abstract is as follows: The U.S. Treasury Department and IRS today released for publication in the Federal Register proposed regulations (REG-122770-18) relating to the use of … Continue reading KPMG Tax NewsFlash: Proposed Regulations: Updated Actuarial Tables for Valuing Annuities, Terms of Years, and Remainder Interests (May 4, 2022)

Forbes: IRS Clawback Proposed Regulation Causes Confusion In The Playing Field (April 28, 2022)

Forbes has published an article, “IRS Clawback Proposed Regulation Causes Confusion In The Playing Field”, which discusses the world of estate tax planning. The article begins as follows: The world of estate tax planning can be complicated and confusing.While planners can navigate the situations that taxpayers face by way of planning strategies, financial projections and … Continue reading Forbes: IRS Clawback Proposed Regulation Causes Confusion In The Playing Field (April 28, 2022)

Gerald Nowotny: All in the Family – Introducing Family-Owned Life Insurance™ (aka FOLI) (April 15, 2022)

Gerald Nowotny, of the Law Office of Gerald R. Nowotny, has made available for download his article, “All in the Family – Introducing Family-Owned Life Insurance™ (aka FOLI)”, published in JDSUPRA. The abstract is as follows: Perhaps you are tired of reading that I grew up in the Panama Canal Zone, but it is one … Continue reading Gerald Nowotny: All in the Family – Introducing Family-Owned Life Insurance™ (aka FOLI) (April 15, 2022)

Lin William Cong, Wayne R. Landsman, Edward L. Mayday, Daniel Rabetti: Tax-Loss Harvesting with Cryptocurrencies (February 17, 2022)

Lin William Cong, Wayne R. Landsman, Edward L. Mayday, Daniel Rabetti have made available fro download their article "Tax-Loss Harvesting with Cryptocurrencies". The abstract is as follows: We study investors' responses to increasing tax reporting awareness and scrutiny in the crypto markets. We document significant taxation effects on investors' behavior and preferences for crypto exchanges … Continue reading Lin William Cong, Wayne R. Landsman, Edward L. Mayday, Daniel Rabetti: Tax-Loss Harvesting with Cryptocurrencies (February 17, 2022)

Charles E. Rounds Jr.: The equity court is there for the trustee as well as the beneficiaries (May 1, 2022)

Charles E. Rounds Jr., of Suffolk University Law School, has made available for download his article, “The equity court is there for the trustee as well as the beneficiaries”, published in JDSUPRA. The abstract is as follows: Since time immemorial the chancery court has been the safe harbor that equity has afforded the trustee who … Continue reading Charles E. Rounds Jr.: The equity court is there for the trustee as well as the beneficiaries (May 1, 2022)

TAS Tax Tip: How to handle a notification of tax-related identity theft (May 3, 2022)

The National Taxpayer Advocate has made available for download their article, “TAS Tax Tip: How to handle a notification of tax-related identity theft”, published on The National Taxpayer Blog. The abstract is as follows: Did you get a notification from IRS or the Social Security Administration (SSA) advising you that you might be a victim … Continue reading TAS Tax Tip: How to handle a notification of tax-related identity theft (May 3, 2022)

Journal of Accountancy: IRS proposes to amend estate and gift tax basic exclusion regs (April 26, 2022)

Paul Bonner has published an article on the Journal of Accountancy, entitled “IRS proposes to amend estate and gift tax basic exclusion regs”. The article begins as follows: The IRS issued proposed regulations Tuesday (REG-118913-21) that would provide an exception to the anti-"clawback" special rule that preserves the benefits of the temporarily higher gift and … Continue reading Journal of Accountancy: IRS proposes to amend estate and gift tax basic exclusion regs (April 26, 2022)

Bloomberg Tax: Treasury Greenbook Select Highlights (April 2022)

Bloomberg Tax presents the General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals by the Treasury Department. The article begins as follows: Topics include: Increased Taxation of Highest EarnersInternational ChangesExchange Rates/Offshore ExpensingRate Increases for C CorporationsCarried Interests, Depreciation Recapture, Digital AssetsStatutes of Limitations for Major OmissionsProvisions Impacting High-Net-Worth IndividualsOther EGT Proposals and Tax-Exempt OrganizationsEmployer … Continue reading Bloomberg Tax: Treasury Greenbook Select Highlights (April 2022)

Brian G. Fredkin and Jason P. Trenton (Venable LLP): Private Placement Life Insurance as a Tool to Mitigate Taxes Despite Market Volatility and Global Uncertainty (April 21, 2022)

Brian G. Fredkin and Jason P. Trenton of Venable LLP, have made available for download their article, “Private Placement Life Insurance as a Tool to Mitigate Taxes Despite Market Volatility and Global Uncertainty”, posted on the Venable LLP website. The abstract is as follows: Despite recent volatility in the U.S. stock market, the rising costs of … Continue reading Brian G. Fredkin and Jason P. Trenton (Venable LLP): Private Placement Life Insurance as a Tool to Mitigate Taxes Despite Market Volatility and Global Uncertainty (April 21, 2022)

 James O. Lang, Sanford C. Presant, Erez I. Tucner, Brian Gaudet & Laura Hendee (Greenberg Traurig LLP): Bipartisan Proposed Legislation Released for Qualified Opportunity Zone Investments (April 21, 2022) 

James O. Lang, Sanford C. Presant, Erez I. Tucner, Brian Gaudet, and Laura Hendee of Greenberg Traurig LLP, have made available for download their article, “Bipartisan Proposed Legislation Released for Qualified Opportunity Zone Investments”, published in Greenberg Traurig Tax Legacy Advisors. The article begins as follows: In a bipartisan effort to pass new legislation to extend and provide for increased … Continue reading  James O. Lang, Sanford C. Presant, Erez I. Tucner, Brian Gaudet & Laura Hendee (Greenberg Traurig LLP): Bipartisan Proposed Legislation Released for Qualified Opportunity Zone Investments (April 21, 2022) 

ProPublica: America’s Highest Earners And Their Taxes Revealed (April 13, 2022)

Paul Kiel, Ash Ngu, Jesse Eisinger and Jeff Ernsthausen have published their article, "America's Highest Earners and Their Taxes Revealed". The abstract is as follows: Which people and professions rake in the most income year after year? Which are most adept at shielding that money from the taxman? And what does this tell you about America?The top earners, of … Continue reading ProPublica: America’s Highest Earners And Their Taxes Revealed (April 13, 2022)

Joshua David Odintz, Nicole M. Elliott, and Alan Winston Granwell (Holland & Knight): The Most Interesting International Tax Proposals in Biden’s FY 2023 Budget (April 13, 2022)

Joshua David Odintz, Nicole M. Elliott, and Alan Winston Granwell, of Holland & Knight LLP, have made available for download their article, “The Most Interesting International Tax Proposals in Biden's FY 2023 Budget” published on the Holland & Knight Alert. The article begins as follows: This Holland & Knight alert discusses the intersection of President … Continue reading Joshua David Odintz, Nicole M. Elliott, and Alan Winston Granwell (Holland & Knight): The Most Interesting International Tax Proposals in Biden’s FY 2023 Budget (April 13, 2022)

Bloomberg Politics: Democrats Ask the IRS Why Tax Audits for the Poor Have Doubled (April 13, 2022)

Bloomberg Politics discusses the push by Democrats to question the recent doubling of the audit rate for low-earning households. The article begins as follows: Two congressional Democrats are pressing the Internal Revenue Service for more details about why the audit rate for the lowest-earning households has nearly doubled in the past year, in face of … Continue reading Bloomberg Politics: Democrats Ask the IRS Why Tax Audits for the Poor Have Doubled (April 13, 2022)

Steve Gorin’s Business Succession Solutions (1st Qtr 2022): Basis Step-Up by Trust Modification

Steve Gorin, of Thompson Coburn LLP, has issued his 1st quarter business succession solutions, which include the following: Part II.H.2.k. Taxable Termination vs. General Power of Appointment vs. Delaware Tax Trap Part II.J.18. Trust Divisions, Mergers, and Commutations; Decanting Part II.J.18. Trust Divisions, Mergers, and Commutations; Decanting Part II.J.18.c.ii. Tax Consequences of Decanting Part III.B.1.b Transfers for Insufficient Consideration, Including Restructuring Businesses or Trusts Part … Continue reading Steve Gorin’s Business Succession Solutions (1st Qtr 2022): Basis Step-Up by Trust Modification

Steve Gorin’s Business Succession Solutions (1st Qtr 2022): BDOT By Trust Distribution

Steve Gorin, of Thompson Coburn LLP, has issued his 1st quarter business succession solutions, which include the following: Part III.B.2.i. Code § 678 Beneficiary Deemed-Owned Trusts Part II.J.4.f. Making Trust a Partial Grantor Trust as to a Beneficiary Part II.J.3.a Who Is Best Taxed on Gross Income Part III.A.4 Trust Accounting Income Regarding Business Interests Part III.F.2 Trust Accounting and Taxation Part III.A.3.e QSSTs … Continue reading Steve Gorin’s Business Succession Solutions (1st Qtr 2022): BDOT By Trust Distribution

Steve Gorin’s Business Succession Solutions (1st Qtr 2022): Preferred Partnerships Preferred to Fee

Steve Gorin, of Thompson Coburn LLP, has issued his 1st Quarter Business Succession Solutions, which include the following: Part II.H.11.a. Basics of Preferred Partnerships  Part II.H.11.b. Preferred Partnership Compared to Sale to Irrevocable Grantor Trust Part II.C.8.a. Code § 707 - Compensating a Partner for Services Performed Part II.E.1.c.ii.(c). Items Excluded from Treatment as Qualified Business Income Under Code § 199A Part II.Q.8.b.i Distribution … Continue reading Steve Gorin’s Business Succession Solutions (1st Qtr 2022): Preferred Partnerships Preferred to Fee

Rebecca C. Morgan: Bill Introduced to Repeal Medicaid Estate Recovery (April 3, 2022)

Rebecca C. Morgan, of Stetson University Law School, has made available for download her article, “Bill Introduced to Repeal Medicaid Estate Recovery”, published on the Elder Law Prof Blog. The abstract is as follows: A bill, Stop Unfair Medicaid Recoveries Act, has been introduced in Congress to repeal Medicaid Estate Recovery and to limit liens.  The bill, HR … Continue reading Rebecca C. Morgan: Bill Introduced to Repeal Medicaid Estate Recovery (April 3, 2022)

TaxProf Blog – Bryan Camp: Lesson From The Tax Court: Penalty Approval In Conservation Easement Cases (April 4, 2022)

Bryan Camp has published an article on the TaxProf Blog, titled "Lesson From The Tax Court: Penalty Approval In Conservation Easement Cases" which discusses Pickens Decorative Stone LLC v. Commissioner, T.C. Memo. 2022-22 (Mar. 17) (Judge Lauber). The article begins as follows: The §6751(b) supervisory approval requirement for penalties has been a thorn in the side of both the IRS … Continue reading TaxProf Blog – Bryan Camp: Lesson From The Tax Court: Penalty Approval In Conservation Easement Cases (April 4, 2022)

Texas Fiduciary Litigator: Texas Court Held That Wife’s Trust Funds Were Her Separate Property And Was Not Converted To Community Property Despite Being Transferred To A New Trust (April 4, 2022)

David Fowler Johnson, in his Texas Fiduciary Litigator Blog, discusses LaPree v. LaPree, No. 03-20-00465-CV, 2022 Tex. App. LEXIS 1325 (Tex. App.—Austin February 24, 2022, no pet. history). In LaPree v. LaPree, a wife had three trusts where she was the primary beneficiary. No. 03-20-00465-CV, 2022 Tex. App. LEXIS 1325 (Tex. App.—Austin February 24, 2022, no … Continue reading Texas Fiduciary Litigator: Texas Court Held That Wife’s Trust Funds Were Her Separate Property And Was Not Converted To Community Property Despite Being Transferred To A New Trust (April 4, 2022)