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Post on Jan. 25, 2018
As you are aware, on December 22, 2017, the Federal government enacted the Tax Cuts and Jobs Act of 2017 (the “2017 Tax Act”) changing, among other things, the estate, gift and generation-skipping transfer......
Post on Jan. 25, 2018
Sometimes, it's a benefit to be in the minority: Only 42 percent of U.S. adults have wills, according to a recent survey conducted by Princeton Survey Research Associates......
Post on Feb. 03, 2017
The purpose of this article is to provide a review of the election provided partnerships under §754.1 Understanding §754 requires an understanding of three other Code sections. Those three sections are: §743(b),......
Post on Feb. 03, 2017
As the saying goes: “No good deed goes unpunished.” But it’s hard to complain about the punishment when the rules are explicitly stated in the Tax......
Post on Dec. 06, 2016
As reported in several prior annual updates, we have long been expecting the IRS to issue regulations restricting discounts for certain asset transfers to family members and/or trusts for their benefit. The proposed......
Post on Dec. 06, 2016
As reported in several prior annual updates, we have long been expecting the IRS to issue regulations restricting discounts for certain asset transfers to family members and/or trusts for their benefit. The proposed......
Post on Sep. 09, 2016
On August 2, 2016, the IRS proposed major changes to the Regulations under Section 2704 of the Internal Revenue Code affecting how interests in family-held businesses are to be valued when transferred among family......
Post on Nov. 10, 2015
Will Congress extend expired Charitable/IRA law for 2015? The House passed a permanent extension in the Spring. The Senate Finance Committee reported out an extension retroactively for all of 2015 and prospectively for......
