Procedurally Taxing: Revoking the Release of Federal Tax Lien (October 14, 2020)

Keith Fogg, in his Procedurally Taxing Blog article, discusses Webb v. IRS, No. 1:17-cv-00058 (S.D. Ind. 2020). Taxpayers get a sad lesson in the ability of the federal tax lien both to survive bankruptcy and to come back to life after release.  This is not a story of foreclosure, though that chapter may still be written, but rather … Continue reading Procedurally Taxing: Revoking the Release of Federal Tax Lien (October 14, 2020)

Forbes: IRS Announces Higher Estate And Gift Tax Limits For 2021 (October 26, 2020)

Forbes has published an article, "IRS Announces Higher Estate And Gift Tax Limits For 2021," which discusses the new estate and gift tax limits for 2021. The article begins as follows: The Internal Revenue Service announced today the official estate and gift tax limits for 2021: The estate and gift tax exemption is $11.7 million per individual, … Continue reading Forbes: IRS Announces Higher Estate And Gift Tax Limits For 2021 (October 26, 2020)

John Bergner, Jeff Chadwick, Cheryl Cain Crabbe, Christine Wakeman, and Jordan Ware (Winstead PC): Potential Estate Planning Implications of 2020 Election Results (October 19, 2020)

John Bergner, Jeff Chadwick, Cheryl Cain Crabbe, Christine Wakeman, and Jordan Ware, of Winstead PC, have made availablefor download their article, "Potential Estate Planning Implications of 2020 Election Results," published on Winstead's website. The article begins as follows: With the election less than a month away, there has been significant discussion regarding potential tax law … Continue reading John Bergner, Jeff Chadwick, Cheryl Cain Crabbe, Christine Wakeman, and Jordan Ware (Winstead PC): Potential Estate Planning Implications of 2020 Election Results (October 19, 2020)

LexBlog – Jay Harrington: Scale: The Three-Step Formula to Grow a $1 Million+ Legal Practice (October 20, 2020)

Jay Harrington has published an article on LexBlog, titled "Scale: The Three-Step Formula to Grow a $1 Million + Legal Practice." The summary as is follows: Across the economy, entrepreneurs struggle to unshackle themselves from the constraints of time. A few succeed. Most fail. The only way to break free of the ticking clock is to … Continue reading LexBlog – Jay Harrington: Scale: The Three-Step Formula to Grow a $1 Million+ Legal Practice (October 20, 2020)

The Tax Adviser: Unclaimed Property Distributions Allowed As Self-Certified Rollovers

The Tax Adviser has published an article, "Unclaimed Property Distributions Allowed As Self-Certified Rollovers," which discusses how unclaimed property fund distributions can be a reason for taxpayers to self-certify. The article begins as follows: In response to requests from stakeholders, the IRS issued guidance adding state unclaimed property fund distributions to the list of reasons … Continue reading The Tax Adviser: Unclaimed Property Distributions Allowed As Self-Certified Rollovers

Buchanan Ingersoll 2020 Pre-Election Guide and Analysis (Oct. 30, 2020)

With only four days until Election Day, and more than 80 million votes already cast, the outcome of the 2020 general election will be closely watched not only on election night, but in the days to follow as we await the confirmed results.To help you navigate the potential impacts of the 2020 general election, Buchanan’s … Continue reading Buchanan Ingersoll 2020 Pre-Election Guide and Analysis (Oct. 30, 2020)

Federal Tax Crimes: Fourth Circuit Holds Taxpayer Liable for Willful FBAR Penalty (10/21/20)

Jack Townsend, in his Federal Tax Crimes Blog, discusses United States v. Horowitz, ___ F.3d ___, 2020 U.S. App. LEXIS 33074 (4th Cir. 2020). OVDP has been discontinued, but a similar risk is encountered in making the decision to join the Streamlined program which requires a certification of non-willfulness with supporting narrative facts.  Streamlined was designed … Continue reading Federal Tax Crimes: Fourth Circuit Holds Taxpayer Liable for Willful FBAR Penalty (10/21/20)

Forbes: Why Businesses Should Keep An Eye On State Tax Policies Before And After Presidential Election (October 15, 2020)

Forbes has published an article, "Why Businesses Should Keep An Eye On State Tax Policies Before And After Presidential Election," which discusses the how states and localities facing budget deficit can impact tax policies during the presidential election period. The summary is as follows: As a result of the COVID-19 crisis, many states and localities … Continue reading Forbes: Why Businesses Should Keep An Eye On State Tax Policies Before And After Presidential Election (October 15, 2020)

Emmaline Jurgena and Jason Kohout (Foley & Lardner LLP): Mission-Related Investments under Trust Law (October 12, 2020)

Emmaline Jurgena and Jason Kohout, of Foley & Lardner LLP, have made available for download their article, "Mission-Related Investments under Trust Law," published in JDSUPRA. The abstract is as follows: As explored in a previous article, the IRS clarified that mission-related investments (MRIs) will not trigger the private foundation “jeopardy investment” rule (that is, a private foundation cannot make … Continue reading Emmaline Jurgena and Jason Kohout (Foley & Lardner LLP): Mission-Related Investments under Trust Law (October 12, 2020)

Steve Akers: ACTEC 2020 Summer Meeting Musings (October 20, 2020)

Steve Akers has made available for download his ACTEC 2020 Summer Meeting Musings. The summary is as follows:The 2020 ACTEC Summer Meeting was held online, and seminars were June 21-25, 2020. A summary of my observations from seminars at the meeting are available on the link below.The topics covered include:Retirement and IRA distribution planning under … Continue reading Steve Akers: ACTEC 2020 Summer Meeting Musings (October 20, 2020)

Shahbaz Ahmad Cheema, Distribution of Inheritance under Islamic Law: An Appraisal of Online Inheritance Calculators (August 16, 2020)

Shahbaz Ahmad Cheema, of Punjab University - Law College, has mad available for download his article, Distribution of Inheritance under Islamic Law: An Appraisal of Online Inheritance Calculators. The abstract is as followed: With the proliferation of the internet, new modes of access and dissemination have been invented. This paradigmatic shift is not only providing … Continue reading Shahbaz Ahmad Cheema, Distribution of Inheritance under Islamic Law: An Appraisal of Online Inheritance Calculators (August 16, 2020)

Paul Bonner: Final regs. outline trust and estate expenses still deductible under TCJA (September 22, 2020)

Paul Bonner's column in the Journal of Accountancy focuses on new IRS tax law updates. His article, Final regs. outline trust and estate expenses still deductible under TCJA, begins as follows: The IRS on Monday issued final regulations (T.D. 9918) clarifying that certain expenses incurred by, and certain excess deductions upon the termination of, an … Continue reading Paul Bonner: Final regs. outline trust and estate expenses still deductible under TCJA (September 22, 2020)

Aric Burch, Jessica Merkel, and Mark Munson (Ruder Ware LLSC): Social Security Administration Releases Key Figures for 2021 (October 20, 2020)

Aric Burch, Jessica Merkel, and Mark Munson, of Ruder Ware LLSC, havemade available for download their article, "Social Security Administration Releases Key Figures for 2021," published in JDSUPRA. The abstract is as follows: The Social Security Administration (“SSA”) recently released key figures for 2021 that will affect all elderly and disabled individuals who receive program … Continue reading Aric Burch, Jessica Merkel, and Mark Munson (Ruder Ware LLSC): Social Security Administration Releases Key Figures for 2021 (October 20, 2020)

Forbes: Tax Brackets Are A Fiction And Barely Apply To The Wealthy (October 12, 2020)

Forbes has published an article, "Tax Brackets Are A Fiction And Barely Apply To The Wealthy," which discusses how the wealthy have lowered their technical burden. The article begins as follows: I stumbled across a discussion on Twitter of what top tax rates might be reasonable and how much tax the wealthy should pay. The discussion was fine so … Continue reading Forbes: Tax Brackets Are A Fiction And Barely Apply To The Wealthy (October 12, 2020)

HBR Hotlist (October 26, 2020): How Apple Is Organized for Innovation; How Great Leaders Use Storytelling; Reconfiguring Your Sales Strategy During the Pandemic; and More

How Apple Is Organized for Innovation By Joel M. Podolny, Morten T. Hansen It’s about experts leading experts. COMMUNICATION Storytelling Can Make or Break Your Leadership by Jeff Gothelf Five ways to construct a compelling narrative around your ideas. LEADERSHIP & MANAGING PEOPLE Today’s Leaders Need Vulnerability, Not Bravado by Amy C. Edmondson, Tomas Chamorro-Premuzic Here’s how to cultivate it. ECONOMY … Continue reading HBR Hotlist (October 26, 2020): How Apple Is Organized for Innovation; How Great Leaders Use Storytelling; Reconfiguring Your Sales Strategy During the Pandemic; and More

John Bergner, Jeff Chadwick, Cheryl Cain Crabbe, Christine Wakeman, and Jordan Ware (Winstead PC): Potential Estate Planning Implications of 2020 Election Results (October 20, 2020)

John Bergner, Jeff Chadwick, Cheryl Cain Crabbe, Christine Wakeman, and Jordan Ware, of (Winstead PC), have made available for download their article, "Potential Estate Planning Implications of 2020 Election Results," published in JDSUPRA. The abstract is as follows: With the election less than a month away, there has been significant discussion regarding potential tax law … Continue reading John Bergner, Jeff Chadwick, Cheryl Cain Crabbe, Christine Wakeman, and Jordan Ware (Winstead PC): Potential Estate Planning Implications of 2020 Election Results (October 20, 2020)

BDO: 2020 Year-End Tax Planning For Individuals (October 2020)

BDO has published an article, "2020 Year-End Tax Planning For Individuals," which discusses tax planning for 2020.  The article begins as follows: As the year-end approaches, individuals, business owners and family offices should be reviewing their situations to identify any opportunities for reducing, deferring or accelerating tax obligations. Areas that should be looked at in … Continue reading BDO: 2020 Year-End Tax Planning For Individuals (October 2020)

Forbes: Tax Court Will Go Dark For December (October 13, 2020)

Forbes has published an article, "Tax Court Will Go Dark For December," which discusses the potential effects of the Tax Court's impending month of silence as it prepares to implement the DAWSON case management system. The article begins as follows: I just picked up on an extraordinary piece of news that has been around for nearly a week with … Continue reading Forbes: Tax Court Will Go Dark For December (October 13, 2020)

Forbes: How To Make $1 Million Dollars And (Legally) Pay Zero Taxes (October 13, 2020)

Forbes has published an article, "How To Make $1 Million Dollars And (Legally) Pay Zero Taxes," which discusses the ways that wealthy taxpayers can legally mitigate their tax liability. The summary is as follows: Though many are trying to put a political spin on Trump’s low tax bill, the issue really transcends politics. The reality is paying … Continue reading Forbes: How To Make $1 Million Dollars And (Legally) Pay Zero Taxes (October 13, 2020)