Gerry W. Beyer, Recent Cases: Intestacy, Wills, Probate, and Trusts (Aug. 30, 2019)

Gerry W. Beyer, Texas Tech University School of Law, has made available for download his article, Recent Cases: Intestacy, Wills, Probate, and Trusts. The Abstract is as follows: This article discusses judicial developments (mid-2018 to mid-2019) relating to the Texas law of intestacy, wills, estate administration, trusts, and other estate planning matters. The discussion of … Continue reading Gerry W. Beyer, Recent Cases: Intestacy, Wills, Probate, and Trusts (Aug. 30, 2019)

Wealth Counsel: Adding A New Practice Area To Your Law Firm

Wealth Counsel has published an article on things to consider, when looking at adding a new practice area to your law firm.  Their article begins as follows: There are many reasons why an attorney should think about adding additional practice areas to their law firm offerings—it helps improve your client experience, having multiple streams of … Continue reading Wealth Counsel: Adding A New Practice Area To Your Law Firm

United States v. Dase, N.D. Alabama (Sept. 23, 2019): Jointly Owned Property Subject to IRS Tax Lien

In United States v. Dase, N.D. Alabama (Sept. 23, 2019), the federal district court for the Northern District of Alabama held that property jointly owned by a tax debtor and his sister was subject to an IRS lien to the extent of the tax debtor's interest in the property. To see full opinion, click United … Continue reading United States v. Dase, N.D. Alabama (Sept. 23, 2019): Jointly Owned Property Subject to IRS Tax Lien

Batchelder + Kamin: Taxing the Rich: Issues and Options

Lily L. Batchelder, New York University School of Law, and David Kamin, New York University School of Law, have made available their article, Taxing the Rich: Issues and Options, distributed at the Aspen Institute Economics Strategies Group. The Abstract is as follows: The U.S. economy exhibits high inequality and low economic mobility across generations relative … Continue reading Batchelder + Kamin: Taxing the Rich: Issues and Options

Proposed Code Sec. 958 Regs + Rev. Proc. 2019-40: IRS grants relief for U.S. persons who own stock in certain foreign corporations

The Department of the Treasury and the Internal Revenue Service issued Revenue Procedure 2019-40and proposed regulations that provides relief to certain U.S. persons that own stock in certain foreign corporations. The Revenue Procedure limits the inquiries required by U.S. persons to determine whether certain foreign corporations are controlled foreign corporations ("CFCs"). The Revenue Procedure also allows certain unrelated … Continue reading Proposed Code Sec. 958 Regs + Rev. Proc. 2019-40: IRS grants relief for U.S. persons who own stock in certain foreign corporations

CCA 201939002: Pending Merger to be Considered When Valuing Stock for Gift Tax Purposes (Sep. 30, 2019)

The Office of Chief Counsel issued an advice on whether a hypothetical willing buyer and seller of a publicly-traded company would consider a pending merger when valuing stock for gift tax purposes. The issue and conclusion of the CCA are as follow ISSUEWhether, under the circumstances described below, the hypothetical willing buyer and seller of … Continue reading CCA 201939002: Pending Merger to be Considered When Valuing Stock for Gift Tax Purposes (Sep. 30, 2019)

Schreiber, Tax Adviser: Final regs. loosen 401(k) hardship distribution requirements (Sept. 20, 2019)

Sally P. Schreiber has published her article in the Tax Adviser, Final regs. loosen 401(k) hardship distribution requirements (Sept. 20, 2019). Her article begins as follows: The IRS has amended the requirements for hardship distributions from Sec. 401(k) plans (T.D. 9875). The final regulations, issued on Friday, eliminate the requirements that plan participants take loans … Continue reading Schreiber, Tax Adviser: Final regs. loosen 401(k) hardship distribution requirements (Sept. 20, 2019)