Cooper, Red States, Blue States: Lessons from the State Death Tax Credit and the ‘SALT’ Deduction, The Tax Lawyer (2020)

Jeffrey A. Cooper, Quinnipiac University School of Law, has made available for download his article, Cooper, Red States, Blue States: Lessons from the State Death Tax Credit and the 'SALT' Deduction, published in the Tax Lawyer. The Abstract is as follows: Since 1861, every version of the federal income tax has included a deduction for … Continue reading Cooper, Red States, Blue States: Lessons from the State Death Tax Credit and the ‘SALT’ Deduction, The Tax Lawyer (2020)

Bloomberg Tax & Accounting Releases Free Special Report Detailing 2020 Projected U.S. Tax Rates

Bloomberg Tax & Accounting has released its free report: 2020 Projected U.S. Tax Rates, ahead of the IRS’s official figures. The report gives tax practitioners and financial professionals an early start on 2020 tax year planning to more effectively develop money-saving strategies for their clients. The more than 500 figures from over 60 IRC sections contained in … Continue reading Bloomberg Tax & Accounting Releases Free Special Report Detailing 2020 Projected U.S. Tax Rates

Bercy v. Commissioner, T.C. Memo. 2019-118: Married Couple Entitled to Code Sec. 166 Bad Debt Deduction

In Bercy v. Commissioner, the Tax Court held that a married couple was entitled to a Code Sec. 166 bad debt deduction.  The deduction was connected to a bona fide loan the deceased husband made to an LLC. Among other things, the Tax Court found the husband was in a distinct trade or business of lending … Continue reading Bercy v. Commissioner, T.C. Memo. 2019-118: Married Couple Entitled to Code Sec. 166 Bad Debt Deduction

The Federal Estate Tax: History, Law, and David Joulfaian: The Federal Estate Tax: History, Law, and Economics (The MIT Press) (Sept. 10, 2019).

David Joulfaian, Financial Economist at the U.S. Department of the Treasury and Adjunct Professor of Economics at Georgetown University, has published his book, via MIT Press, The Federal Estate Tax: History, Law, and Economics. The description, on Amazon.com, is as follows: A comprehensive and accessible account of the U.S. estate tax, examining its history and … Continue reading The Federal Estate Tax: History, Law, and David Joulfaian: The Federal Estate Tax: History, Law, and Economics (The MIT Press) (Sept. 10, 2019).

Tessa Davis, Freezing the Future: Elective Egg Freezing and the Limits of the Medical Expense Deduction

Tessa Davis, U. South Carolina School of Law, has made available for download her forthcoming article, Freezing the Future: Elective Egg Freezing and the Limits of the Medical Expense Deduction, to be published in the Kentucky Law Journal. The Abstract is as follows: Section 213 of the Internal Revenue Code (the Code) allows a deduction … Continue reading Tessa Davis, Freezing the Future: Elective Egg Freezing and the Limits of the Medical Expense Deduction

KPMG: U.S. Congress back in session, possible tax agenda (Sept. 10, 2019)

KPMG has issued a report that analyzes potential tax legislation in the Fall of 2019. The executive summary of the report is as follows: Executive Summary Although there’s a possibility that some tax legislation that has broad bipartisan support in both the House and the Senate could move forward on its own, the best chance … Continue reading KPMG: U.S. Congress back in session, possible tax agenda (Sept. 10, 2019)