Casey Robinson (Waldron Private Wealth): Are 1031 Exchanges Right for Me? (July 18, 2021)

Casey Robinson, of Waldron Private Wealth, has made available for download his article, “Are 1031 Exchanges Right for Me?,” published in The Kiplinger Washington Editors. The article begins as follows: President Biden’s proposed American Families Plan is shining light on a popular tax deferral strategy used by property owners and real estate investors, mainly because … Continue reading Casey Robinson (Waldron Private Wealth): Are 1031 Exchanges Right for Me? (July 18, 2021)

Journal of Accountancy: IRS launches ‘Tax Pro Account’ feature (July 20, 2021)

Dave Strausfeld, J.D., has published an article on the Journal of Accountancy, titled “IRS launches 'Tax Pro Account' feature.” The article begins as follows: The IRS unveiled a new online feature on Monday known as the “Tax Pro Account,” the purpose of which, for now, is to automate the submission of powers of attorney (POAs) … Continue reading Journal of Accountancy: IRS launches ‘Tax Pro Account’ feature (July 20, 2021)

TaxProf Blog – A Majority Of Donor-Advised Funds Send Little/No Money To Charity Every Year (July 17, 2021)

Paul Caron has published an article on the TaxProf Blog, titled "A Majority Of Donor-Advised Funds Send Little/No Money To Charity Every Year,” which discusses one of the first studies ever to look at donor-advised funds on a micro level and possible effects upon legislation. The article begins as follows: One of the first studies … Continue reading TaxProf Blog – A Majority Of Donor-Advised Funds Send Little/No Money To Charity Every Year (July 17, 2021)

Forbes: Buy Passport With Bitcoin, Escape Taxes? (July 14, 2021)

Forbes has published an article, “Buy Passport With Bitcoin, Escape Taxes?”, which discusses legal logistics of buying a passport from a tax-haven nation with bitcoin in order to try and avoid paying higher taxes. The article begins as follows: Have you ever considered living in a Caribbean tax haven, becoming a citizen, maybe even ditching … Continue reading Forbes: Buy Passport With Bitcoin, Escape Taxes? (July 14, 2021)

NY Times (July 9, 2021): How to Manage Your Money if Inflation Flares

Mark Miller, in his New York Times article, discusses investing fundamentals to combat possible impacts of inflation. His article, “How to Manage Your Money if Inflation Flares,” begins as follows: In the end, inflation may not turn out to be a big problem.But it’s already being discussed enough by the Federal Reserve and a host of … Continue reading NY Times (July 9, 2021): How to Manage Your Money if Inflation Flares

Forbes: 8 Strategies For Optimizing RMDs From IRAs (June 29, 2021)

Forbes has published an article, "8 Strategies For Optimizing RMDs From IRAs," which discusses the required minimum distributions for IRA. The article begins as follow: RMDs are a simple concept that became complicated after Congress and the IRS were done making their rules. But those rules also create opportunities.Required minimum distributions (RMDs) from traditional IRAs … Continue reading Forbes: 8 Strategies For Optimizing RMDs From IRAs (June 29, 2021)

Texas Fiduciary Litigator: Court Holds That An Executor May Breach Duties In Making A Non-Pro Rata Distribution Of Assets (June 29, 2021)

David Fowler Johnson, in his Texas Fiduciary Litigator Blog, discusses In re Estate of Stewart. The article beings as follows: In In re Estate of Stewart, siblings filed claims regarding the administration of their father’s estate. No. 04-20-00103-CV, 2021 Tex. App. LEXIS 3897 (Tex. App.—San Antonio May 19, 2021, no pet. history). Among other claims, a … Continue reading Texas Fiduciary Litigator: Court Holds That An Executor May Breach Duties In Making A Non-Pro Rata Distribution Of Assets (June 29, 2021)

Kara Duckworth (Mercer Advisors): Keeping the ‘Bank of Mom or Dad’ From Being Overdrawn

Kara Duckworth, of Mercer Advisors, has made available for download her article, “Keeping the ‘Bank of Mom or Dad’ From Being Overdrawn,” published in The Kiplinger Washington Editors. The article begins as follows: Families have been giving financial gifts or lending money for generations, but allowing adult children to continue to draw on the “Bank … Continue reading Kara Duckworth (Mercer Advisors): Keeping the ‘Bank of Mom or Dad’ From Being Overdrawn

Forbes: How To Minimize Taxes Like A Billionaire In 2021 (June 25, 2021)

Forbes has published an article, “How To Minimize Taxes Like A Billionaire In 2021,” which discusses methods and strategies that the wealthiest Americans have used to minimize the taxes they owed. The article begins as follows: While recent reporting may make it seem that all “rich” people are able to avoid paying taxes, I assure … Continue reading Forbes: How To Minimize Taxes Like A Billionaire In 2021 (June 25, 2021)

ProPublica: Lord of the Roths: How Tech Mogul Peter Thiel Turned a Roth IRA Into a $5 Billion Tax-Free Piggy Bank (June 24, 2021)

Justin Elliott, Patricia Callahan and James Bandler have published their article, "Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank." The abstract is as follows: Billionaire Peter Thiel, a founder of PayPal, has publicly condemned “confiscatory taxes.” He’s been a major funder of … Continue reading ProPublica: Lord of the Roths: How Tech Mogul Peter Thiel Turned a Roth IRA Into a $5 Billion Tax-Free Piggy Bank (June 24, 2021)

Forbes: How Some Traders Double-Up On Retirement Plan Contributions (June 25, 2021)

Forbes has published an article, "How Some Traders Double-Up On Retirement Plan Contributions," which discusses the lawsuit between IRS and TOT Property Holdings LLC. The article begins as follows: Profitable traders are keen on maximizing retirement plan contributions in trading activities and also in their full-time jobs. Traders are pros at investing, and they understand … Continue reading Forbes: How Some Traders Double-Up On Retirement Plan Contributions (June 25, 2021)

Talia Azzaretto: Planning Considerations for Same-Sex Spouses in the Event of Divorce or Death (June 25, 2021)

Talia Azzaretto, of Burns & Levinson LLP, has made available for download her article, “Planning Considerations for Same-Sex Spouses in the Event of Divorce or Death”, published in JDSUPRA. The abstract is as follows: Marriage has always been governed by state law, and it is only in very recent history that select states began revising their … Continue reading Talia Azzaretto: Planning Considerations for Same-Sex Spouses in the Event of Divorce or Death (June 25, 2021)

Kent D. Schenkel: Inequality of Wealth Ownership and the Problem of Perpetuities Repeal: A Review of Eric Kades, of Piketty and Perpetuities: Dynastic Wealth in the Twenty-First Century (and Beyond) (June 1, 2019)

Kent D. Schenkel of New England Law | Boston, has made available for download his article, "Inequality of Wealth Ownership and the Problem of Perpetuities Repeal: A Review of Eric Kades, of Piketty and Perpetuities: Dynastic Wealth in the Twenty-First Century (and Beyond)." The abstract is as follows: This is a short review of Eric … Continue reading Kent D. Schenkel: Inequality of Wealth Ownership and the Problem of Perpetuities Repeal: A Review of Eric Kades, of Piketty and Perpetuities: Dynastic Wealth in the Twenty-First Century (and Beyond) (June 1, 2019)

Elder Law Prof Blog: Debt and Elders: GAO Report (June 21, 2021)

Rebecca C. Morgan, of Stetson University College of Law, has made available for download her article, “Debt and Elders: GAO Report,” which brings attention to a GAO report that describes how older Americans today find themselves more in debt. The article begins as follows: This GAO report is a couple of months old, but I think it's … Continue reading Elder Law Prof Blog: Debt and Elders: GAO Report (June 21, 2021)

Albert Feuer: IRS Guidance About the SECURE Act’s Beneficiary Provisions Requires Revision (May 7, 2021)

Albert Feuer of the Law Offices of Albert Feuer, has made available for download his article, “IRS Guidance About the SECURE Act's Beneficiary Provisions Requires Revision”, published in 49 Comp. Plan. J. No. 5, 78 , 2021. The abstract is as follows: The IRS has presented its first and only guidance about how the SECURE … Continue reading Albert Feuer: IRS Guidance About the SECURE Act’s Beneficiary Provisions Requires Revision (May 7, 2021)

Bloomberg Wealth: Older Americans Are on the Front Line of the Student Debt Crisis (June 17, 2021)

Alexandre Tanzi and Madison Paglia of Bloomberg News have made available for download their article, “Older Americans Are on the Front Line of the Student Debt Crisis” which discusses how borrowers are suffering from ballooning student loan balances late in life. The article begins as follows:  It’s hard enough to pay off college loans out of a salary. It doesn’t … Continue reading Bloomberg Wealth: Older Americans Are on the Front Line of the Student Debt Crisis (June 17, 2021)

Forbes: Delaware Chancery Court Navigates Around Charging Order Exclusivity And Recognizes Reverse Veil-Piercing (June 17, 2021)

Forbes has published an article, “Delaware Chancery Court Navigates Around Charging Order Exclusivity And Recognizes Reverse Veil-Piercing”, which discusses the challenges faced by both dissenting stockholders and the corporations that are meant to satisfy their appraisals. The article begins as follows: Exela Technologies, Inc., is a business automation company which has numerous subsidiaries. Some of … Continue reading Forbes: Delaware Chancery Court Navigates Around Charging Order Exclusivity And Recognizes Reverse Veil-Piercing (June 17, 2021)

TaxProf Blog – Lesson From The Tax Court: Accounting For Attorney Malpractice Settlements (June 14, 2021)

Bryan Camp has published an article on the TaxProf Blog, titled “Lesson From The Tax Court: Accounting For Attorney Malpractice Settlements”, which discusses the outcomes of Carol E. Holliday v. Commissioner, T.C. Memo. 2021-69 (June 7, 2021) (Judge Pugh) and Debra Jean Blum v. Commissioner, T.C. Memo. 2021-18 (Feb. 18, 2021) (Judge Urda) focusing on … Continue reading TaxProf Blog – Lesson From The Tax Court: Accounting For Attorney Malpractice Settlements (June 14, 2021)

Gerry W. Beyer (Texas Tech University School of Law): New Case: Potter v. Potter (June 11, 2021)

Gerry W. Beyer, of Texas Tech University School of Law, has made available for download his article, "New Case: Potter v. Potter", published on the Wills, Trusts & Estates Prof Blog. The abstract is as follows: In Potter v. Potter, James Potter owned an interest in a Maryland limited liability company. The members of the company agreed … Continue reading Gerry W. Beyer (Texas Tech University School of Law): New Case: Potter v. Potter (June 11, 2021)

Forbes: Can Congress Really Increase Taxes Retroactively? (June 11, 2021)

Forbes has published an article, “Can Congress Really Increase Taxes Retroactively?” which discusses the Biden’s administration's budget calls for top capital gains rates to be implemented retroactively . The article begins as follows: Recently, President Biden unveiled his 2022 budget request. Shortly afterwards, and for the first time since the Obama Administration, the U.S. Treasury Department … Continue reading Forbes: Can Congress Really Increase Taxes Retroactively? (June 11, 2021)