James Stewart: Beneficiary Designated Property- A Trap for the Unwary (July 19, 2021)

James Stewart of Pullman & Comley, LLC, has made available for download his article, “Beneficiary Designated Property: A Trap for the Unwary”, published in JDSUPRA. The abstract is as follows: Financial institutions and brokerage firms occasionally recommend that client accounts be structured as joint or beneficiary-designated accounts without full consideration of the impact on the … Continue reading James Stewart: Beneficiary Designated Property- A Trap for the Unwary (July 19, 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)

Center for Medicare Advocacy: Nursing Home Industry is Heavily Taxpayer-Subsidized (June 2021)

Center for Medicare Advocacy has made available for download their special report, "Nursing Home Industry is Heavily Taxpayer-Subsidized." The report begins as follows: It is well-known that Government health care programs, Medicare and Medicaid, are the primary payers for nursing home care. The two federal programs paid facilities tens of billions of dollars for providing … Continue reading Center for Medicare Advocacy: Nursing Home Industry is Heavily Taxpayer-Subsidized (June 2021)

Joshua Coleman: A Shift in American Family Values Is Fueling Estrangement (January 10, 2021)

Joshua Coleman has made available for download his article, “A Shift in American Family Values Is Fueling Estrangement,” published in The Atlantic. The article begins as follows: Sometimes my work feels more like ministry than therapy. As a psychologist specializing in family estrangement, my days are spent sitting with parents who are struggling with profound … Continue reading Joshua Coleman: A Shift in American Family Values Is Fueling Estrangement (January 10, 2021)

TaxNotes – Jasper B. Smith: Writing Tax Articles: Advice From Experienced Authors (July 3, 2021)

Jasper B. Smith has published an article on the TaxNotes, titled “Writing Tax Articles: Advice From Experienced Authors.” The article begins as follows: “Desire is the starting point of all achievement.” That opening principle of Napoleon Hill’s seminal book on the topic of success is an appropriate mantra for anyone wanting to write a professional … Continue reading TaxNotes – Jasper B. Smith: Writing Tax Articles: Advice From Experienced Authors (July 3, 2021)

Probate Stars: Oklahoma Supreme Court Weighs In On Who Controls the Disposition Of a Decedent’s Remains (July 9, 2021)

Probate Stars summarizes the facts of In the Matter Of the Estate of Downing and how the Oklahoma Supreme Court addressed who controls the disposition of a decedent's remains. The article further outlines the statute that provides an order of the persons vested with control of a decedent's remains under Oklahoma law. See Probate Sources Summary by … Continue reading Probate Stars: Oklahoma Supreme Court Weighs In On Who Controls the Disposition Of a Decedent’s Remains (July 9, 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

Rubin on Tax: Maltese Pension Plan in the Sights of the IRS (July 4, 2021)

Charles (Chuck) Rubin, in his Rubin on Tax blog, discusses the Maltese pension plan which is a planning device for U.S. taxpayers to use the U.S. - Malta tax treaty to obtain tax deferral and tax avoidance benefits similar to a Roth IRA, but without many of the limitations of a Roth IRA. The article begins as … Continue reading Rubin on Tax: Maltese Pension Plan in the Sights of the IRS (July 4, 2021)

Federal Tax Crimes: District Court Holds that FBAR Nonwillful Penalty Survives Death (July 5, 2021)

Jack Townsend, in his Federal Tax Crimes Blog, discusses United States v. Gill and the court decision where the court held that an FBAR nonwillful penalty survives the death of the person subject to the penalty. The abstract is as follows: In United States v. Gill, 2021 U.S. Dist. LEXIS 12203 (S.D. Tex. 6/30/21), CL here, the … Continue reading Federal Tax Crimes: District Court Holds that FBAR Nonwillful Penalty Survives Death (July 5, 2021)

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)

Northern Trust: Interstate Relocation Checklist (July 2021)

Northern Trust has published an article, "Interstate Relocation Checklist". The article begins as follows: Indeed, with work-from-home/work-from-anywhere dynamics evolving rapidly and state tax codes in flux, many who had not previously contemplated an interstate move are now considering the possibility.Whether one is motivated to move to a new state for personal/lifestyle, career or financial reasons, … Continue reading Northern Trust: Interstate Relocation Checklist (July 2021)

Taxpayer Advocate Service: NTA Blog: 2021 Filing Season Bumps in the Road: Part III (June 29, 2021)

The Taxpayer Advocate Service has published an article titled “NTA Blog: 2021 Filing Season Bumps in the Road: Part III,” which provides information regarding the IRS's processes during "filing season." The article begins as follows: Despite all its challenges, the IRS processed 136 million individual income tax returns and issued 96 million refunds totaling $270 … Continue reading Taxpayer Advocate Service: NTA Blog: 2021 Filing Season Bumps in the Road: Part III (June 29, 2021)

Abigail Disney: I Was Taught From a Young Age to Protect My Dynastic Wealth (June 17, 2021)

Abigail Disney has made available for download her article, "I Was Taught From a Young Age to Protect My Dynastic Wealth," published in The Atlantic. The article begins as follows: When ProPublica published its report last week on the tax profiles of 25 of the richest Americans, jaws dropped across the United States. How was it possible … Continue reading Abigail Disney: I Was Taught From a Young Age to Protect My Dynastic Wealth (June 17, 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)

The Economist: How to pick the best days to work from home (June 19, 2021)

The Economist has made available for download their article, “How to pick the best days to work from home”, published in the June 19, 2021 edition. The abstract is as follows:  Hybrid working may be the future but that raises the question of how it will actually be organised. Will companies let their employees choose … Continue reading The Economist: How to pick the best days to work from home (June 19, 2021)

Forbes: 43.4% Capital Gain Tax? 10 Things To Know (June 21, 2021)

Forbes has published an article, “Forbes: 43.4% Capital Gain Tax? 10 Things To Know”, which discusses the important notes to consider about the 43.4% tax rate. The article begins as follows: Most income is ordinary, including pay for services, interest, business profits, dividends, money for winning the lottery, and most other payments. But for generations, … Continue reading Forbes: 43.4% Capital Gain Tax? 10 Things To Know (June 21, 2021)

TaxProf Blog – Lederman & Christians: An Overview Of U.S. Federal Tax Controversies (June 21, 2021)

Bryan Camp has published an article on the TaxProf Blog, titled “Lederman & Christians: An Overview Of U.S. Federal Tax Controversies”, which provides a video that discusses the U.S. federal tax controversies. The article begins as follows: This video provides a general overview of the common paths of a U.S. federal tax controversy involving a … Continue reading TaxProf Blog – Lederman & Christians: An Overview Of U.S. Federal Tax Controversies (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)

Andrea Monroe: Making Tax Law Work: Improvisation and Forgotten Taxpayers in Partnership Tax (May 1, 2021)

Andrea Monroe, of Temple University - James E. Beasley School of Law, has made available for download her article, “Making Tax Law Work: Improvisation and Forgotten Taxpayers in Partnership Tax,” published in Temple University Legal Studies Research Paper No. 2021-23. The abstract is as followed: There is a growing awareness that federal tax law caters … Continue reading Andrea Monroe: Making Tax Law Work: Improvisation and Forgotten Taxpayers in Partnership Tax (May 1, 2021)