Bloomberg News: Dementia Quiz (January 20, 2023)

According to Bloomberg News,  A quiz to test your brain health For many of us, January is a season for health goals, whether temporary or permanent: a booze-free month, 30 days of yoga or maybe just trying to turn off Netflix a half-hour earlier to get more sleep. What’s good for the body is good … Continue reading Bloomberg News: Dementia Quiz (January 20, 2023)

Jason Benitez, Lisa McChesney (Goodwin LLC): Transfer-on-Death Designations: Potential Pitfalls (January 20, 2023)

Jason Benitez and Lisa McChesney, of Goodwin LLC, have made available for download their article, “Transfer-on-Death Designations: Potential Pitfalls,” published in JDSUPRA. The article begins as follows: When used in consultation with an estate planning attorney, transfer-on-death (TOD) or payable-on-death (POD) designations on financial accounts can be valuable estate planning tools. However, these account designations … Continue reading Jason Benitez, Lisa McChesney (Goodwin LLC): Transfer-on-Death Designations: Potential Pitfalls (January 20, 2023)

Benjamin Alarie: The Rise of the Robotic Tax Analyst (January 2, 2023)

Benjamin Alarie, of University of Toronto- Faculty of Law; Vector Institute for Artificial Intelligence, has made available for download his article, “The Rise of the Robotic Tax Analyst,” published in Tax Notes Federal, January 2, 2023, p. 57. The abstract is as follows: As 2023 begins, developments with large language models, most prominently ChatGPT, a … Continue reading Benjamin Alarie: The Rise of the Robotic Tax Analyst (January 2, 2023)

TaxProfBlog – Lesson From The Tax Court: The Meaning of ‘Business Premises’ In §119 (January 23, 2023)

Bryan Camp has published an article on the TaxProf Blog, titled “The Meaning of ‘Business Premises’ in §119,” which discusses the importance of business premise requirements in §119 of  Cory H. Smith v. Commissioner, T.C. Memo. 2023-12 (Jan. 12, 2023) (Judge Toro).The article begins as follows: It’s a new year.  And what better way to … Continue reading TaxProfBlog – Lesson From The Tax Court: The Meaning of ‘Business Premises’ In §119 (January 23, 2023)

NY Times: Savings Accounts for Disabled People Are Opened to More of Them (January 20, 2023)

Till Lauer, in his New York Times article, discusses the new qualifications modified with the ABLE Age Adjustment Act in the recent spending bill. His article, “Savings Accounts for Disabled People Are Opened to More of Them,” begins as follows: Disabled Americans recently scored a victory when Congress approved an expansion of state-based accounts that … Continue reading NY Times: Savings Accounts for Disabled People Are Opened to More of Them (January 20, 2023)

TaxProfBlog – WSJ: Why So Many Accountants Are Quitting (January 3, 2023)

Paul Caron has published an article on the TaxProf Blog, titled “WSJ: Why So Many Accountants Are Quitting,” which discusses reasons as to why the job market for accounting has become increasingly less desirable, and upcoming initiatives meant to reinvent the field’s image. The article begins as follows: More than 300,000 U.S. accountants and auditors … Continue reading TaxProfBlog – WSJ: Why So Many Accountants Are Quitting (January 3, 2023)

Bloomberg Tax: From Crypto to Sales Taxes, a Look at State Taxation for 2023 (December 19, 2022)

Bloomberg Tax presents in-depth observations into four categories of state and local taxation for the upcoming 2023 fiscal year that litigators should seek to direct their focus toward. The article begins as follows: Gary C. Bingel of EisnerAmper previews some of the areas of state and local taxes that are most ripe for guidance and … Continue reading Bloomberg Tax: From Crypto to Sales Taxes, a Look at State Taxation for 2023 (December 19, 2022)

Florida Probate & Trust Litigation Blog: FY 2020-21 Probate Court Filing Statistics: How busy are our probate judges? (January 1, 2023)

Juan C. Antúnez, in his Florida Probate & Trust Litigation Blog, discusses two key methods on how to easier facilitate the time of Probate court filings noted from his observations of the FY 2020-21 Probate Court Statistical Reference Guide. The article begins as follows: If you make your living in and around our probate courts … Continue reading Florida Probate & Trust Litigation Blog: FY 2020-21 Probate Court Filing Statistics: How busy are our probate judges? (January 1, 2023)

Frank Baldino (Lerch, Early & Brewer LLP): Revocation of Revocable Trust was Fraudulent Transfer (December 30, 2022)

Frank Baldino, of Lerch, Early & Brewer LLP, has made available for download their article, “Revocation of Revocable Trust was Fraudulent Transfer,” published in JDSUPRA. The abstract is as follows: This article first appeared in the December 2022 Edition of the Estate Planning Journal. In JPMorgan Chase Bank, N.A. v. Winget, the United States Court … Continue reading Frank Baldino (Lerch, Early & Brewer LLP): Revocation of Revocable Trust was Fraudulent Transfer (December 30, 2022)

Forbes: The SECURE 2.0 Act’s Impact on Roth IRAs (December 22, 2022)

Forbes has published an article, “The SECURE 2.0 Act’s Impact on Roth IRAs,” which discusses the impacts Roth IRAs will experience as a result of the SECURE 2.0 Act and how to adjust one’s plans accordingly to these effects. The article begins as follows: As a special Christmas present to all of us, the Secure … Continue reading Forbes: The SECURE 2.0 Act’s Impact on Roth IRAs (December 22, 2022)

Ray Dalio, The Farce and Consequences of the Debt Limit and the Debt (Jan. 25, 2023)

Ray Dalio has published an article that begins to analyze the impact of the debt ceiling on the economy. The first two parts are located here: Ray Dalio, The Farce and Consequences of the Debt Limit and the Debt (Jan. 25, 2023) A Two-Part Look at: 1. Principles for Navigating Big Debt Crises, and 2. … Continue reading Ray Dalio, The Farce and Consequences of the Debt Limit and the Debt (Jan. 25, 2023)

TAS Tax Tip: TAS shares tips to help taxpayers prepare tax returns without issues that cause return processing errors and refund delays (December 29, 2022)

The National Taxpayer Advocate has made available for download their article, “TAS Tax Tip: TAS shares tips to help taxpayers prepare tax returns without issues that cause return processing errors and refund delays,” published in The National Taxpayer Blog. The abstract is as follows: TAS will launch a Pre-Filing Season Awareness outreach campaign in January.  … Continue reading TAS Tax Tip: TAS shares tips to help taxpayers prepare tax returns without issues that cause return processing errors and refund delays (December 29, 2022)

Forbes: 5 RMD Changes Looming With Passage of SECURE 2.0 Act (December 22, 2022)

Forbes has published an article, “5 RMD Changes Looming With Passage Of SECURE 2.0 Act,” which discusses five provisions in the Secure 2.0 Act that holds the most influence in changing required minimum distributions (RMDs) policies. The article begins as follows: Back when the SECURE Act passed in 2019, I wrote an article for Forbes … Continue reading Forbes: 5 RMD Changes Looming With Passage of SECURE 2.0 Act (December 22, 2022)

Albert Feuer: What is Complete Estate Planning for a Proprietor’s 401(k) Plan Benefits? (December 15, 2022)

Albert Feuer, of Law Offices of Albert Feuer, has made available for download his article, “What is Complete Estate Planning for a Proprietor’s 401(k) Plan Benefits?,” published in the NYSBA Trust & Estates Journal, Vol. 55 No. 4 (2022). The abstract is as follows: The estate planning of an individual who owns a professional or … Continue reading Albert Feuer: What is Complete Estate Planning for a Proprietor’s 401(k) Plan Benefits? (December 15, 2022)

Victoria J. Haneman: Dynasty 529 Plans and Structural Inequality (March 12, 2022)

Victoria J. Haneman, of Creighton University- School of Law, has made available for download her article, “Dynasty 529 Plans and Structural Inequality,” published in Washburn Law Journal, 2022. The abstract is as follows:  The tax advantages available through 529 accounts, such as the potential for perpetual tax-free growth, have been maximized by the wealth defense … Continue reading Victoria J. Haneman: Dynasty 529 Plans and Structural Inequality (March 12, 2022)

Forbes: SECURE 2.0 Passes —- Here’s What It Means To Your Retirement (December 23, 2022)

Forbes has published an article, “SECURE 2.0 Passes —- Here’s What It Means To Your Retirement,” which discusses how the recently passed SECURE 2.0 Act influences retirement planning and analyzes the future implication of these changes for retirement savers. The article begins as follows: In the dark of the night, snuggled within the 4,000+ page … Continue reading Forbes: SECURE 2.0 Passes —- Here’s What It Means To Your Retirement (December 23, 2022)

NTA Blog: Heard Loud and Clear: IRS Postpones Implementation of $600 Form 1099-K Reporting by a Year (December 27, 2022)

The National Taxpayer Advocate has made available for download their article, “Heard Loud and Clear: IRS Postpones Implementation of $600 Form 1099-K Reporting by a Year,” published in The National Taxpayer Blog. The abstract and key-points are as follows:  As a result of taxpayer confusion, lack of clear guidance, concerns about the existing backlog, and … Continue reading NTA Blog: Heard Loud and Clear: IRS Postpones Implementation of $600 Form 1099-K Reporting by a Year (December 27, 2022)

Forbes: Secure 2.0 Act Allows Later Distribution of IRAs (December 27, 2022)

Forbes has published an article, “Secure 2.0 Act Allows Later Distribution of IRAs,” which discusses the benefits of the recently passed Secure 2.0 Act, specifically in regards to Qualified Charitable Distributions (QCDs), and how taxpayers can strategically take advantage of this development. The article begins as follows: Congress has passed legislation benefitting savers who have … Continue reading Forbes: Secure 2.0 Act Allows Later Distribution of IRAs (December 27, 2022)

National Taxpayer Advocate Annual Report to Congress Delivered (January 11, 2023)

On January 11, 2023, National Taxpayer Advocate Erin M. Collins delivered the 2022 Annual Report to Congress. The report assesses overall taxpayer service by the IRS throughout 2022 independently, with no prior oversight by the IRS. Additionally, the report identifies the ten most serious problems faced by taxpayers interacting with the IRS and makes specific … Continue reading National Taxpayer Advocate Annual Report to Congress Delivered (January 11, 2023)

Digital Asset Tax Loss Harvesting This Season (January 10, 2023)

As with many assets, cryptocurrency and other digital assets had a terrible year in 2022. Some investors have begun using their deflated digital assets in order to offset capital gains from other assets, including stocks. The IRS does treat digital assets as property (per Notice 2014-21) and so this can work, but investing losses can … Continue reading Digital Asset Tax Loss Harvesting This Season (January 10, 2023)