TaxNotes – Margaret Ryznar: A Tax Credit for Wills (July 9, 2021)

Margaret Ryznar has published an article on the TaxNotes, titled “A Tax Credit for Wills,” The article begins as follows: The COVID-19 pandemic revealed certain problems in American society, including a systemic lack of estate planning, which Americans have a long history of neglecting. The reasons may vary. For example, many people — not expecting … Continue reading TaxNotes – Margaret Ryznar: A Tax Credit for Wills (July 9, 2021)

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)

Jay A. Soled: Gift and Estate Taxes: The Case for Deunification (May 25, 2020)

Jay A. Soled, of Rutgers University, has made available for download his article, Gift and Estate Taxes: The Case for Deunification, published in the Harvard Journal of Legislation. The abstract is as follows: For the last half a century, the federal gift tax has been relegated virtually out of existence. There are many reasons that … Continue reading Jay A. Soled: Gift and Estate Taxes: The Case for Deunification (May 25, 2020)

Bloomberg Wealth: Biden Wants to Dismantle Two Weapons the Richest 0.1% Use to Avoid Taxes (June 28, 2021)

Allyson Versprille and Ben Steverman of Bloomberg Wealth has made available for download their article, “Biden Wants to Dismantle Two Weapons the Richest 0.1% Use to Avoid Taxes,” which discusses provisions in the U.S. Treasury's "Green Book" that aim at closing loopholes utilized by the wealthiest Americans to legally avoid taxes. The article begins as follows:  An unpleasant surprise … Continue reading Bloomberg Wealth: Biden Wants to Dismantle Two Weapons the Richest 0.1% Use to Avoid Taxes (June 28, 2021)

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)

Pillsbury Winthrop Shaw Pittman LLP: Potential Tax Law Overhauls in 2021: Summary and Planning Recommendations (June 25, 2021)

Pillsbury Winthrop Shaw Pittman LLP, has made available for download their article, "Potential Tax Law Overhauls in 2021: Summary and Planning Recommendations", published in JDSUPRA. The abstract begins as follows: Tax planning takes on increased significance when federal and local governments begin announcing proposals to raise revenues in advance of enacting legislation aimed to increase taxes. This year, we … Continue reading Pillsbury Winthrop Shaw Pittman LLP: Potential Tax Law Overhauls in 2021: Summary and Planning Recommendations (June 25, 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)

Bloomberg Wealth: A Record Buyout Is Just the Start as Wealthy Flee Tax Hike (June 22, 2021)

Melissa Karsh, Michelle F. Davis, and Devon Pendleton of Bloomberg Tax has made available for download their article, “A Record Buyout Is Just the Start as Wealthy Flee Tax Hike” which discusses how the threat of subjecting billions in proceeds to additional capital gains taxes has motivated wealthy individuals and corporations to make sales before the end of 2021, when … Continue reading Bloomberg Wealth: A Record Buyout Is Just the Start as Wealthy Flee Tax Hike (June 22, 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)

Chambliss, Bahner & Stophel, P.C.: How an Irrevocable Life Insurance Trust Can Be Used to Avoid or Reduce the Estate Tax (June 11, 2021)

Chambliss, Bahner & Stophel, P.C. has made available for download their article, "How an Irrevocable Life Insurance Trust Can Be Used to Avoid or Reduce the Estate Tax," published in JDSUPRA. The abstract is as follows: With the federal estate tax exemption possibly about to be lowered, it may be time to think about steps … Continue reading Chambliss, Bahner & Stophel, P.C.: How an Irrevocable Life Insurance Trust Can Be Used to Avoid or Reduce the Estate Tax (June 11, 2021)

Richard Rubin and Rachel Louise Ensign (Wall Street Journal): Biden’s Capital-Gains Tax Proposal Puts Estate Planners to Work (June 8, 2021)

Richard Rubin and Rachel Louise Ensign have made available for download their article, "Biden’s Capital-Gains Tax Proposal Puts Estate Planners to Work," published in the Wall Street Journal. The article begins as follows: Estate planners for the wealthiest Americans are combing through the Biden administration’s proposed tax increases, hunting for ways to sidestep the potential … Continue reading Richard Rubin and Rachel Louise Ensign (Wall Street Journal): Biden’s Capital-Gains Tax Proposal Puts Estate Planners to Work (June 8, 2021)

KPMG report: Biden Administration’s tax plan and implications for real estate industry (June 4, 2021)

KPMG is reporting that the U.S. Treasury Department on May 28, 2021, released the “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals”—the “Green Book.” The Green Book is proposing significant changes to the tax system that could force a re-thinking of decisions relevant to real estate. If the tax provisions described in the … Continue reading KPMG report: Biden Administration’s tax plan and implications for real estate industry (June 4, 2021)

Grossman Est., T.C. Memo. 2021-65: Marriage Was Valid for Estate Tax Purposes (May 27, 2021)

The Tax Court released Memorandum Opinion for Estate of Semone Grossman et al. v. Commissioner of Internal Revenue, T.C. Memo. 2021-65 (May 27, 2021) and denied the Commissioner's motion for partial summary judgment and will grant the Estate's motion for partial summary judgment. An estate was allowed a marital deduction because the decedent’s marriage was valid … Continue reading Grossman Est., T.C. Memo. 2021-65: Marriage Was Valid for Estate Tax Purposes (May 27, 2021)

Forbes: Tactics To Reduce Your Capital Gains Tax And Your Estate Tax (May 22, 2021)

Forbes has published an article, "Tactics To Reduce Your Capital Gains Tax And Your Estate Tax", which discusses possible tactics to reduce or defer appreciated property taxes as a result of the Biden Administration's changes to the taxation of long term capital gains. The article begins as follows: The Biden Administration and Congress have proposed … Continue reading Forbes: Tactics To Reduce Your Capital Gains Tax And Your Estate Tax (May 22, 2021)

Jay Soled: The Estate Tax Should Not Apply to Domestic Stock Owned by NRAs (April 8, 2021)

Jay Soled, of Rutgers University, has made available for download his article, "The Estate Tax Should Not Apply to Domestic Stock Owned by NRAs," published in Quinnipiac Probate Law Journal, Vol. 34, No. 2, 2021. The abstract is as followed: Congress needs to reconsider whether Code section 2104(a) which subjects the ownership of domestic stock … Continue reading Jay Soled: The Estate Tax Should Not Apply to Domestic Stock Owned by NRAs (April 8, 2021)

Kent D. Schenkel: What Would Settlor Do? Immortal Trust Settlors, Federal Transfer Taxes, and the Protean Irrevocable Trust (January 5, 2021)

Kent D. Schenkel, of New England Law School–Boston, has made available for download his article, "What Would Settlor Do? Immortal Trust Settlors, Federal Transfer Taxes, and the Protean Irrevocable Trust". The abstract is as follows: The increasingly protean irrevocable trust puts substantive trust law and the federal transfer taxes at cross-purposes. State trust law’s overriding … Continue reading Kent D. Schenkel: What Would Settlor Do? Immortal Trust Settlors, Federal Transfer Taxes, and the Protean Irrevocable Trust (January 5, 2021)

Eric A. Kades: A New Feudalism: Selfish Genes, Great Wealth and the Rise of the Dynastic Family Trust (February 4, 2021)

Eric A. Kades, of William & Mary Law School, has made available for download his article, "Selfish Genes, Great Wealth and the Rise of the Dynastic Family Trust". The abstract is as follows: Today’s record levels of economic inequality are infecting our future as the top 0.01% bequest vast wealth to their descendants. With the … Continue reading Eric A. Kades: A New Feudalism: Selfish Genes, Great Wealth and the Rise of the Dynastic Family Trust (February 4, 2021)

Daniel Durst: Geographic Income Tax Marriage Equality: A Proposal to Expand the Double Basis Step-Up (February 9, 2021)

Daniel Durst, an independent writer, has made available for download his article, "Geographic Income Tax Marriage Equality: A Proposal to Expand the Double Basis Step-Up", to be published in the 2022 Michigan State Law Review (forthcoming Spring 2022). The abstract is as follows: Surviving spouses in community property states enjoy a significant, but unintended, income … Continue reading Daniel Durst: Geographic Income Tax Marriage Equality: A Proposal to Expand the Double Basis Step-Up (February 9, 2021)

Estate of Michael J. Jackson v. Commissioner, T.C. Memo 2021-48 (May 3, 2021)

In the Estate of Michael J. Jackson v. Commissioner, T.C. Memo 2021-48 (May 3, 2021) the Tax Court determined the values of the following assets for estate tax purposes: The decedent’s image and likenessThe decedent's interest in a music-publishing trustThe decedent's interest in a music-publishing catalog that owned the copyrights to compositions that the decedent … Continue reading Estate of Michael J. Jackson v. Commissioner, T.C. Memo 2021-48 (May 3, 2021)

Jay A. Soled: The Federal Estate Tax Exemption and the Need for Its Reduction (December 1, 2020)

Jay A. Soled, of Rutgers University, has made available for download his article, "The Federal Estate Tax Exemption and the Need for Its Reduction", published in the Florida State University Law Review, volume 47 (2020). The abstract is as followed: One of the central components of the nation’s transfer tax system is the federal estate … Continue reading Jay A. Soled: The Federal Estate Tax Exemption and the Need for Its Reduction (December 1, 2020)