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)

TAXATION OF TANGIBLE PERSONAL PROPERTY

By Laura Angel-Lalanne & G. Warren Whitaker Clients frequently make their choices regarding the disposition of their tangible personal property based on emotional considerations.  Nevertheless, they must be aware of the tax costs and benefits associated with the various methods of disposition they may be considering, so they can make fully informed decisions.  This article … Continue reading TAXATION OF TANGIBLE PERSONAL PROPERTY

G. “Warren” Whitaker

G. "Warren" Whitaker assists high net worth individuals and multinational families with complex domestic and international estate planning and related income tax, corporate and personal financial planning. Clients seek his experience with sophisticated international transactions; trust and estate issues, both domestic and international; family office needs; and trust services and fiduciary compliance. He is a … Continue reading G. “Warren” Whitaker

Laura Angel-Lalanne

Laura Angel-Lalanne is special counsel at Schulte Roth & Zabel. She represents high-net-worth individual clients in the areas of estate planning and trust and estate administration, with an emphasis on charitable planning and the administration of trusts and estate with charitable interests. Laura creates sophisticated estate plans for clients, helping them to balance their sometimes … Continue reading Laura Angel-Lalanne

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

What’s the Upside in a Downturn? —Today’s Environment Has Created Once-in-a-lifetime Wealth Planning Opportunities

By Nicholas J. Bertha IN A CLASSIC IRONY, WE NOW FIND OURSELVES IN PERHAPS THE MOST ATTRACTIVE WEALTH TRANSFER ENVIRONMENT OF OUR LIFETIMES. THE REASONS ARE TWO-FOLD. FIRST, A PAIR OF INTEREST RATES THAT ARE NOW AT THEIR LOWEST LEVELS IN HISTORY, MAKING IT EASIER FOR SEVERAL OF THE MOST WIDELY USED WEALTH TRANSFER TACTICS … Continue reading What’s the Upside in a Downturn? —Today’s Environment Has Created Once-in-a-lifetime Wealth Planning Opportunities

Nicholas J. Bertha

nbertha@fieldpointprivate.com Mr. Bertha is the Director of Wealth and Trust Planning at Fieldpoint Private. Mr. Bertha works with clients on complex estate and income tax issues, and helps ultra high net worth families manage their wealth. He has expert-level capability in tax law, wealth transfer, and trusts & estates. His extensive career, spanning over 35 … Continue reading Nicholas J. Bertha

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