Jack Townsend has made available for download his article, “Supreme Court Denies Cert in FBAR Willful Penalty Case With Justice Gorsuch Dissenting on Excessive Fines Issue,” published on his Federal Tax Crimes blog. The article begins as follows: I previously blogged about United States v. Toth, 33 F.4th 1 (1st Cir. 4/29./22), CA1 here and … Continue reading Federal Tax Crimes: Supreme Court Denies Cert in FBAR Willful Penalty Case With Justice Gorsuch Dissenting on Excessive Fines Issue (January 23, 2023)
Category: Tax: Estate + Inheritance
Forbes: State Experimentation With Wealth Taxes (January 31, 2023)
Forbes has published an article, “State Experimentation With Wealth Taxes,” which discusses the future of a federal wealth tax in tax policy. The article begins as follows: The idea of a wealth tax as a panacea for budgetary shortfalls at the federal and state levels has been around since at least the 1930s. Recently, using … Continue reading Forbes: State Experimentation With Wealth Taxes (January 31, 2023)
Richard L. Kaplan: The Declining Appeal of Inherited Retirement Accounts (January 12, 2023)
Richard L. Kaplan, of University of Illinois College of Law, has made available for download his article, The Declining Appeal of Inherited Retirement Accounts, published in the Virginia Tax Review. The abstract is as follows: As retirement accounts proliferate and grow in value, American retirees are increasingly leaving substantial balances in these accounts to their … Continue reading Richard L. Kaplan: The Declining Appeal of Inherited Retirement Accounts (January 12, 2023)
Bryan K. Clontz (Forbes): Charitable Remainder Annuity Trust Opportunities Under Rising Interest Rates (January 31, 2023)
Bryan K. Clontz, of Forbes Magazine, has made available for download his article, Charitable Remainder Annuity Trust Opportunities Under Rising Interest Rates, published in Forbes. The abstract is as follows: For various reasons, the charitable remainder annuity trust has long been underutilized as a gift planning vehicle. At any given moment there may be somewhat … Continue reading Bryan K. Clontz (Forbes): Charitable Remainder Annuity Trust Opportunities Under Rising Interest Rates (January 31, 2023)
Lathrop GPM: Estate Planning 2023 Federal Tax Update (January 3, 2023)
Lathrop GPM has made available for download their article, “Estate Planning 2023 Federal Tax Update,” published in JDSUPRA. The article begins as follows: As we start the new year, this Federal Tax Update highlights estate planning-related federal tax information that may be helpful as you consider planning options for 2023. Because Congress could pass legislation … Continue reading Lathrop GPM: Estate Planning 2023 Federal Tax Update (January 3, 2023)
Procedurally Taxing: Avoiding the Federal Tax Lien in Bankruptcy (January 18, 2023)
Keith Fogg has made available for download his article, “Avoiding the Federal Tax Lien in Bankruptcy,” published on Procedurally Taxing blog. The article begins as follows: In United States v. Warfield (In re Tillman), No. 21-16034 (9th Cir. 2022) the Ninth Circuit reversed the lower courts and determined that the chapter 7 trustee could not … Continue reading Procedurally Taxing: Avoiding the Federal Tax Lien in Bankruptcy (January 18, 2023)
Forbes: New Tax law Rewards Charitable IRA Retirees With A $50, 000 Income Tax Deferral Opportunity (December 30, 2022)
Forbes has published an article, “New Tax Law Rewards Charitable IRA Retirees With A $50, 000 Income Tax Deferral Opportunity,” which discusses three types of split-interest entities which have experienced a change in requirements when qualifying for one-time QCD elections as a result of the SECURE 2.0 Act. Additionally, they present methods to take advantage … Continue reading Forbes: New Tax law Rewards Charitable IRA Retirees With A $50, 000 Income Tax Deferral Opportunity (December 30, 2022)
Albert Feuer: What is Complete Estate Planning for a Proprietor’s 401(k) Plan Benefits? (December 15, 2022)
Albert Feuer, of Law Offices of Albert Feuer, has made available for download his article, “What is Complete Estate Planning for a Proprietor’s 401(k) Plan Benefits?,” published in the NYSBA Trust & Estates Journal, Vol. 55 No. 4 (2022). The abstract is as follows: The estate planning of an individual who owns a professional or … Continue reading Albert Feuer: What is Complete Estate Planning for a Proprietor’s 401(k) Plan Benefits? (December 15, 2022)
Moritt Hock & Hamroff LLP: IRS Grants Major Extension To Make “Portability” Election For Estates Not Required To File Estate Tax Returns From 2017 To Present (December 1, 2022)
Colleagues of Moritt Hock & Hamroff LLP have made available for download their article, “IRS Grants Major Extension To Make “Portability” Election For Estates Not Required To File Estate Tax Returns From 2017 To Present,” published in JDSUPRA. The abstract is as follows: IRS Alert: The Internal Revenue Service (“IRS”) recently issued Revenue Procedure 2022-32 … Continue reading Moritt Hock & Hamroff LLP: IRS Grants Major Extension To Make “Portability” Election For Estates Not Required To File Estate Tax Returns From 2017 To Present (December 1, 2022)
TaxProfBlog – Lesson From The Tax Court: The #1 Habit of Highly Successful Taxpayers (July 13, 2020)
Bryan Camp has published an article on the TaxProf Blog, titled “Lesson From The Tax Court: The Habit #1 of Highly Successful Taxpayer,” which reveals the importance of careful accounting in discussing the case of Michael K. Simpson and Cynthia R. Simpson v. Commissioner, T.C. Memo. 2020-100 (July 7, 2020) (Judge Buch). The article begins … Continue reading TaxProfBlog – Lesson From The Tax Court: The #1 Habit of Highly Successful Taxpayers (July 13, 2020)
Nathaniel Birdsall, Kimberly Ann Braun, Mitchell Gaswirth, Albert Gortz, Stephanie Heiborn, Andrew Katzenstein, Henry Leibowitz, Ephrat Orgel, David Pratt, Caroline Robbins, Peter Tucci, Jay Waxenberg (Proskauer Rose LLP): Personal Planning Strategies (November 17, 2022)
Nathaniel Birdsall, Kimberly Ann Braun, Mitchell Gaswirth, Albert Gortz, Stephanie Heiborn, Andrew Katzenstein, Henry Leibowitz, Ephrat Orgel, David Pratt, Caroline Robbins, Peter Tucci, Jay Waxenberg of Proskauer Rose LLP have made available for download their article, “Personal Planning Strategies,” published in JDSUPRA. The abstract is as follows: Estate, Gift and GST Tax Update What This … Continue reading Nathaniel Birdsall, Kimberly Ann Braun, Mitchell Gaswirth, Albert Gortz, Stephanie Heiborn, Andrew Katzenstein, Henry Leibowitz, Ephrat Orgel, David Pratt, Caroline Robbins, Peter Tucci, Jay Waxenberg (Proskauer Rose LLP): Personal Planning Strategies (November 17, 2022)
TaxProfBlog: Lessons From The Tax Court: An Object Lesson For Tax Professionals (November 14, 2022)
Bryan Camp has published an article on the TaxProf Blog, titled “Lessons From The Tax Court: An Object Lesson For Tax Professionals,'' which discusses the tax court decision in Betty Amos V. Commissioner, T.C. Memo. 2022-109 (Nov. 10, 2022) (Judge Urda) focusing on the proper period of time tax records should be kept for. The … Continue reading TaxProfBlog: Lessons From The Tax Court: An Object Lesson For Tax Professionals (November 14, 2022)
Martin Shenkamn: How To Plan Now For The Higher 2023 Gift, Estate and GST Exemption (November 19, 2022)
Martin Shenkman, of Forbes, has published an article, “How To Plan Now For The Higher 2023 Gift, Estate, and GST Exemption,” published in Forbes. The article begins as follows: The gift, estate and generation skipping transfer (“GST”) tax exemption will increase substantially in 2023. What does that mean for your estate planning? […] The current … Continue reading Martin Shenkamn: How To Plan Now For The Higher 2023 Gift, Estate and GST Exemption (November 19, 2022)
TIME: Signs Are Pointing to a Slowdown in the Housing Market—At Last (May 19, 2022)
Alana Semuels, of TIME, has made available for download her article "Signs Are Pointing to a Slowdown in the Housing Market—At Last", published on TIME. The article begins as follows: Just about everyone agrees that the reason home prices have shot up 34% in the last two years is that there is a lot of … Continue reading TIME: Signs Are Pointing to a Slowdown in the Housing Market—At Last (May 19, 2022)
John Bunge: IRS Proposes Regulations Affecting Estate and Gift Taxes (April 29, 2022)
John Bunge, of Waller Lansden Dortch & Davis, LLP, has made available for download his article, “IRS Proposes Regulations Affecting Estate and Gift Taxes”, published in JDSUPRA. The abstract is as follows: New regulations proposed by the IRS seek to address the basic exclusion amount for estate and gift taxes which was doubled in 2017 … Continue reading John Bunge: IRS Proposes Regulations Affecting Estate and Gift Taxes (April 29, 2022)
Sacha Dray, Camille Landais, & Stefanie Stantcheva: Wealth and Property Taxation in the United States (April 19, 2022)
Sacha Dray, Camille Landais, and Stefanie Stantcheva have made available for download their article, "Wealth and Property Taxation in the United States". The abstract is as follows: We study the history and geography of wealth accumulation in the US, using newly collected historical property tax records since the early 1800s. The property tax in the … Continue reading Sacha Dray, Camille Landais, & Stefanie Stantcheva: Wealth and Property Taxation in the United States (April 19, 2022)
Louis Vlahos: Attention Congress: Focus On the Estate Tax Regime; Leave the Income Tax Alone (April 8, 2022)
Louis Vlahos, of Rivkin Radler LLP, has made available for download his article, “Attention Congress: Focus On the Estate Tax Regime; Leave the Income Tax Alone”, published in JDSUPRA. The abstract is as follows: The White House last week released the President’s Budget for the Fiscal Year 2023.[ii] The Budget is ambitious, but its “investments,” we … Continue reading Louis Vlahos: Attention Congress: Focus On the Estate Tax Regime; Leave the Income Tax Alone (April 8, 2022)
Jeremy Bearer-Friend and Vanessa Williamson: The Common Sense of a Wealth Tax: Thomas Paine & Taxation as Freedom from Aristocracy (March 14, 2022)
Jeremy Bearer-Friend and Vanessa Williamson, of George Washington University Law School and the Brookings Institution-Governance Studies, respectively, have made available for download their article, “The Common Sense of a Wealth Tax: Thomas Paine & Taxation as Freedom from Aristocracy”, published in the 26 Florida Tax Review, forthcoming. The abstract is as follows: Thomas Paine’s writing helped … Continue reading Jeremy Bearer-Friend and Vanessa Williamson: The Common Sense of a Wealth Tax: Thomas Paine & Taxation as Freedom from Aristocracy (March 14, 2022)
UBS: 2022 tax & financial planning guide (February 28, 2022)
UBS has made available for download their report, “2022 planning guide”, which provides a in-depth overview of income tax, retirement, and estate planning ideas for this year. The report begins as follows: Early last year, just after President Biden was sworn into the Oval office and the Democrats narrowly secured the majority in the Senate, … Continue reading UBS: 2022 tax & financial planning guide (February 28, 2022)
Greenberg Traurig LLP: IRS Announces Revisions to the Application Form for Voluntary Disclosures with New Provisions for Cryptocurrency, Employment Tax, and Estate, Gift and Generation-Skipping Transfer Tax (February 17, 2022)
Greenberg Traurig LLP has made available for download their article, "Greenberg Traurig LLP: IRS Announces Revisions to the Application Form for Voluntary Disclosures with New Provisions for Cryptocurrency, Employment Tax, and Estate, Gift and Generation-Skipping Transfer Tax", published in Greenberg Traurig Tax Legacy Advisors. The article begins as follows: On Feb. 15, 2022, the IRS … Continue reading Greenberg Traurig LLP: IRS Announces Revisions to the Application Form for Voluntary Disclosures with New Provisions for Cryptocurrency, Employment Tax, and Estate, Gift and Generation-Skipping Transfer Tax (February 17, 2022)
Wealth Strategies Journal 