BDO USA: Claiming an Exemption from Self-employment Tax as a Limited Partner? Think Twice (November 29, 2022)

BDO USA has published an article, "Claiming an Exemption from Self-employment Tax as a Limited Partner? Think Twice”, published on BDO USA. The abstract is as follows: Limited partners claiming an exemption from Self-Employment Contributions Act (SECA) taxes may be putting themselves at risk – in certain circumstances. In fact, more recently, it has become … Continue reading BDO USA: Claiming an Exemption from Self-employment Tax as a Limited Partner? Think Twice (November 29, 2022)

Charles E. Rounds Jr.: One court fails to consider trustee’s non-statutory duty to carry out settlor’s wishes as manifested in trust’s terms, a duty that encompasses defending those terms (November 28, 2022)

Charles E. Rounds Jr., of Suffolk University Law School, has made available for download his article, “One court fails to consider trustee’s non-statutory duty to carry out settlor’s wishes as manifested in trust’s terms, a duty that encompasses defending those terms”, published in JDSUPRA. The abstract is as follows: The trustee’s longstanding duty in equity … Continue reading Charles E. Rounds Jr.: One court fails to consider trustee’s non-statutory duty to carry out settlor’s wishes as manifested in trust’s terms, a duty that encompasses defending those terms (November 28, 2022)

Nina Olson (Procedurally Taxing): The Facebook Pixel and Unauthorized Use and Disclosure of Tax Return and Tax Return (November 29, 2022)

Nina Olson, Executive Director of the Center for Taxpayer Rights, has made available for download her article “The Facebook Pixel and Unauthorized Use and Disclosure of Tax Return and Tax Return”, published on the Procedurally Taxing blog. The abstract is as follows: Last week The Markup, an online investigative journalism site, published a report about the presence of … Continue reading Nina Olson (Procedurally Taxing): The Facebook Pixel and Unauthorized Use and Disclosure of Tax Return and Tax Return (November 29, 2022)

James Edward Maule, MauledAgain (November 29, 2022): Filing a Fraudulent Tax Return Is Bad, Filing More Than 3,000 Is Outrageously Bad

James Edward Maule’s MauledAgain tax blog entry discusses conspiracy to file fraudulent tax returns using fake identities. His article, “Filing a Fraudulent Tax Return Is Bad, Filing More Than 3,000 Is Outrageously Bad” includes the following commentary: Though as I’ve shared not long ago, I don’t write about every tax return preparer who gets into trouble … Continue reading James Edward Maule, MauledAgain (November 29, 2022): Filing a Fraudulent Tax Return Is Bad, Filing More Than 3,000 Is Outrageously Bad

Kitces: Tax Advice Restrictions For Financial Advisors: How To Offer Tax Planning And Remain In Compliance (November 30, 2022)

Kitces has made available for download their article, “Tax Advice Restrictions For Financial Advisors: How To Offer Tax Planning And Remain In Compliance”, published on Kitces. The Executive Summary is as follows: Taxes are a central component of financial planning. Almost every financial planning issue – whether it is retirement, investments, cash flow, insurance, or … Continue reading Kitces: Tax Advice Restrictions For Financial Advisors: How To Offer Tax Planning And Remain In Compliance (November 30, 2022)

Notice 2023-2: IRS Releases Proposed New Excise Tax on Corporate Stock Buyback Regulations (December 30, 2022)

On December 27, 2022, the IRS issued new proposed regulations concerning the new excise tax on corporate stock repurchases enacted as part of the Inflation Reduction Act of 2022. The proposed regulations include a list of transactions that are newly taxable as well as rules for reporting and liability under this excise tax. See Notice … Continue reading Notice 2023-2: IRS Releases Proposed New Excise Tax on Corporate Stock Buyback Regulations (December 30, 2022)

Forbes: Pay IRS Penalties or Show Reasonable Cause (December 15, 2022)

Forbes has published an article, “Pay IRS Penalties or Show Reasonable Cause,” which discusses the components of the reasonable cause exception. The article begins as follows: Taxpayers claim that IRS penalties are not warranted for many reasons. One of the biggest and most misunderstood is the defense that a tax position was based on reasonable … Continue reading Forbes: Pay IRS Penalties or Show Reasonable Cause (December 15, 2022)

LexBlog: Automations Are Key to Reducing Law Firm Errors (December 15, 2022)

Zack Glaser has made available for download their article, “Automations Are Key to Reducing Law Firm Errors,” published on the LexBlog. The abstract is as follows: Automations can be a great help to any law firm. They can reduce errors, decrease needed effort, and even manage workflows. Yet, most offices don’t automate as effectively as … Continue reading LexBlog: Automations Are Key to Reducing Law Firm Errors (December 15, 2022)

NY Times: The Rich Get College Subsides While the Student Debt Debate Goes On (December 13, 2022)

Ron Lieber, in his New York Times article, discusses the implications of student loan forgiveness in the context of “Dynasty” 529 saving plans. His article, “How Rich Families Pay for College Using ‘Dynasty’ 529 plans,” begins as follows: Ron has been writing about 529 plans for at least 18 years and will start paying for … Continue reading NY Times: The Rich Get College Subsides While the Student Debt Debate Goes On (December 13, 2022)

David Reidel and Kathryn Windsor (Alder Pollock & Sheehan P.C.): A Spouse’s Inheritance Rights Vary State by State (December 12, 2022)

David Reidel and Kathryn Windsor, of Alder Pollock & Sheehan P.C., “A Spouse’s Inheritance Rights Vary State by State,” published in JDSUPRA. The abstract is as follows: If you’re preparing to get remarried, your estate plan likely isn’t top of mind. However, depending on the state you live in, your spouse has property rights that … Continue reading David Reidel and Kathryn Windsor (Alder Pollock & Sheehan P.C.): A Spouse’s Inheritance Rights Vary State by State (December 12, 2022)

TaxProfBlog – Lesson From The Tax Court: Taxpayers Behaving Badly 2022 (December 12, 2022)

Bryan Camp has published an article on the TaxProf Blog, titled “Lesson From The Tax Court: Taxpayers Behaving Badly 2022,” which presents TaxProf Blog’s customary ‘shake my head’ (SMH) facts of the year.  As is now customary, my last new blog of the year is a list of some of the cases I read during … Continue reading TaxProfBlog – Lesson From The Tax Court: Taxpayers Behaving Badly 2022 (December 12, 2022)

Matthew Peters and Cody Shultz (Guidepost Solutions LLC): Why Family Offices Turn to Embedded Security Managers for Security, Safety, and Peace of Mind (December 13, 2022)

Matthew Peters and Cody Shultz, of Guidepost Solutions LLC, have made available for download their article, “Why Family Offices Turn to Embedded Security Managers for Security, Safety, and Peace of Mind,” published in JDSUPRA. The abstract is as follows: A recent Forbes article details the significant growth of family offices worldwide, particularly in North America. … Continue reading Matthew Peters and Cody Shultz (Guidepost Solutions LLC): Why Family Offices Turn to Embedded Security Managers for Security, Safety, and Peace of Mind (December 13, 2022)

Reid K. Weisbord: Trust Law’s Public Policy Doctrine: Major Policy Fault Lines, Aggressive Home Rule Legislation, and Implications for Conflicts Reform (November 16, 2022)

Reid K. Weisbord, of Rutgers Law School, has made available for download his article, “Trust Law’s Public Policy Doctrine: Major Policy Fault Lines, Aggressive Home Rule Legislation, and Implications for Conflicts Reform,” published in Tulane Law Review, Forthcoming. The abstract is as follows: Trust law is highly deferential to settlor intent, however, under the public … Continue reading Reid K. Weisbord: Trust Law’s Public Policy Doctrine: Major Policy Fault Lines, Aggressive Home Rule Legislation, and Implications for Conflicts Reform (November 16, 2022)

Open AI’s Assistant and Andrew M. Perlman: The Implications of OpenAI’s Assistant for Legal Services and Society (December 5, 2022)

Open AI’s Assistant and Andrew M. Perlman, of Suffolk University Law School, has made available for download her article, “The Implications of Open AI’s Assistant for Legal Services and Society,” published in SSRN. The abstract is as follows:  On November 30, 2022, OpenAI released a chatbot called ChatGPT. To demonstrate the chatbot’s remarkable sophistication and … Continue reading Open AI’s Assistant and Andrew M. Perlman: The Implications of OpenAI’s Assistant for Legal Services and Society (December 5, 2022)

Matthew Roberts (Freeman Law): Why You Should Hire a Tax Professional to Review Your Trust (December 7, 2022)

Mathew Roberts, of Freeman Law, has made available for download his article, “Why You Should Hire a Tax Professional to Review Your Trust,” published in JDSUPRA. The abstract is as follows: Trusts come in many variations, rendering them often difficult for non-attorneys to follow and comprehend.  Indeed, this variation can often be seen in the … Continue reading Matthew Roberts (Freeman Law): Why You Should Hire a Tax Professional to Review Your Trust (December 7, 2022)

Nicholas Heuer (Katten Muchin Roseman LLP) : PTC Me ASAP: Estate Planning with Private Trust Companies (December 6, 2022)

Nicholas Heuer, of Katten Muchin Rosenman LLP, has made available for download their article, “PTC Me ASAP: Estate Planning with Private Trust Companies,” published in JDSUPRA. The article begins is as follows: More and more families are turning to private trust companies (PTCs) for their trusts and estates. Are they right for you? What is … Continue reading Nicholas Heuer (Katten Muchin Roseman LLP) : PTC Me ASAP: Estate Planning with Private Trust Companies (December 6, 2022)

Forbes: The TCJA Five Years Later: State Tax Issues (December 6, 2022)

Forbes has published an article, “The TCJA Five Years Later: State Tax Issues,” which transcribes a discussion regarding state responses to SALT cap deductions by the TCJA and the forecasted future of these TCJA provisions. The article begins as follows: In the first of a three-episode series, Steven Wlodychak, formerly with EY, discusses the creation … Continue reading Forbes: The TCJA Five Years Later: State Tax Issues (December 6, 2022)

Husch Blackwell LLP: Planning Strategies for a High-Interests Rate Environment (December 6, 2022)

Colleagues of Husch Blackwell LLP, have made available for download their article, “Planning Strategies for a High-Interests Rate Environment,” published in JDSUPRA. The abstract is as follows:  As interest rates continue to climb, taxpayers will begin to see a greater benefit from strategies that leverage higher interest rates to reduce the actuarial value of a … Continue reading Husch Blackwell LLP: Planning Strategies for a High-Interests Rate Environment (December 6, 2022)

Forbes: America’s Best Tax And Accounting Firms 2023 (December 5, 2022)

Forbes has published an article, “America’s Best Tax And Accounting Firms 2023,” which discusses a selected list of the leading tax and accounting firms in America, as well as their methodology for doing so, list provided. The article begins as follows:  In any normal year, an accounting or tax firm is a combination financial expert, … Continue reading Forbes: America’s Best Tax And Accounting Firms 2023 (December 5, 2022)

Procedurally Taxing: The California Office of Tax Appeals Weights in on Boyle and Electronically Filed Returns (December 6, 2022)

Joseph Cole, LL.M has made available for download his article, “The California Office of Tax Appeals Weights in on Boyle and Electronically Filed Returns,” published on the Procedurally Taxing blog. The article begins as follows: The Boyle Doctrine’s application to cases involving electronic filing of returns has been an issue of scholarly debate and litigation.  … Continue reading Procedurally Taxing: The California Office of Tax Appeals Weights in on Boyle and Electronically Filed Returns (December 6, 2022)