-
Newsletter
September 2023 AFRs and 7520 Rate
More Large Inflation Adjustments Are in Store for 2024 and 2025
IRS Notice 2023-54: Transition Relief and Guidance Relating to Certain RMDs
Estate of Demuth v. Comm'r: Checks Delivered Before, but Deposited After Decedent's Death, are Includable in Decedent's Estate
Schaddelee v. Deleon: Using a General Assignment as a "Catch All" for Irrevocable Trust Funding Does Not Supersede a Beneficiary Designation
Matter of Wells: Unsuccessful Attempt at Probating a Conformed Copy of a Will
Matter of Fakhra: Renunciations are Irrevocable, and They Do Not Need to be Physically Served
September 2023
-
Newsletter
November Interest Rates for GRATS, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
In re IMO Amelia Noel Living Trust, Del. Ch. August 16, 2022, aff’d, 293 A.3d 1000 (Del. 2023)
In re the Trust of Eva Marie Hanson Living Trust dated December 11, 1995 (Minn. Ct. App. Jan. 30, 2023)
Glynn v. Kenney, 884 S.E.2d 259 (Va. Ct. App. 2023)
James v. Mounts, 660 S.W.3d 801 (Ark. 2023)
PLR 202339008
November 2023
-
Newsletter
January 2024 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
REG-142338-07 – Proposed Regulations Related to Donor Advised Funds
Eileen Gonzalez et al v. Luis O. Chiong et al (Sep. 19, 2023)
IR-2023-185 (Oct 5, 2023)
New York Public Health Law amended to permit remote witnesses for health care proxies (Nov 17, 2023)
Small Business Succession Planning Act Introduced (Oct 12, 2023)
January 2024
-
Newsletter
Shining a Light on the Corporate Transparency Act: FinCEN’s Rules for Beneficial Ownership Reporting
December 2023 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
Jones v. Jones (Mass. App. Ct. 2023)
Estate of Caan v. Commissioner, 161 T.C. No. 6
In re Estate of Anna Brudek
December 2023
-
Newsletter
September 2021 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
Ellis v. Hurley – No. B3000799, 2020 WL 6816605 (Cal. Ct. App.) – California Court of Appeal, Second District Case on the Definition of a Grandchild
In the Matter of the Appeal of J. Bracamonte and J. Bracamonte (OTA Case No. 18010932) Change of Domicile
IRS News Release: EIN Holders Must Update Responsible Party Contact Information (IRC §6109)
Estate of Kwang Lee v. Commissioner (TC Memo 2021-92) Executor personally liable for estate taxes because he made distributions of estate assets knowing that the estate owed the taxes
September 2021
-
Newsletter
August 2021 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts AFRs
Update on Federal Legislation
State Tax Cuts
Pinkert v. Schwab Charitable Fund (N.D. Cal., Case No. 20-cv-07657-LB)
In the Matter of the Consolidated Appeals of O. Cremel and E. Koeppel (OTA Case Nos. 18042625 & 20076340)
Estate of Michael J. Jackson v. Commissioner (Tax Court, May 3, 2021)
August 2021
-
Newsletter
March 2021 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
Habal v. Habal, So.3d, 2020 WL 5372289 (Fla. 4th DCA September 9, 2020): Revocable Trusts are difficult to attack on capacity grounds
Matter of Ryan, 2021 NY Slip Op 21010 (N.Y. Sur. Ct. Broome County Jan. 25, 2021): First case in New York admitting remotely notarized Will to probate
Sells, et al. v. Commissioner, T.C. Memo. 2021-12 (January 28, 2021): Tax Court denies conservation easement
March 2021
-
Newsletter
June 2021 Interest Rates for Sales to Defective Grantor Trusts, Intra-Family Loans, Split-Interest Charitable Trusts and GRATs
American Families Plan (AFP)
Revision of Publication 590-B
Chief Counsel Memorandum 202118008
In the Matter of the Petition of Boniface, N.Y. Div. of Tax Appeals, ALJ, Dkt No. 829018, 04/29/2021
June 2021
-
Newsletter
July 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intrafamily Loans and Split-Interest Charitable Trusts
Precious Metals Now Deemed Tangible Personal Property in Florida
The Tax Court reiterates and applies the factors for determining whether intrafamily loans are, in fact, loans in Estate of Bolles v. Commissioner, T.C. Memo 2020-71 (2020)
In Goodrich, et al. v. USA, 125 AFTR 2d 2020-1276 (DC LA, 3/17/2020), the U.S. District Court for the Western District of Louisiana sends a reminder that state substantive law can sometimes determine federal tax consequences
California Bill A.B. 2936 may indicate increased scrutiny, or even regulation, of donor advised funds
COVID-19 Update
July 2020
-
Newsletter
May Interest Rates Fall for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
IRS Wins Another Family Limited Partnership ("FLP") Case
Five-percent Discount for Interest in Art collection Found Proper
IRS Announces New Voluntary Disclosure Program for Unreported Foreign Accounts
Florida Appellate Court Reviews Proper Will Execution Formalities
Supreme Court Finds Former Spouse is Beneficiary of Retirement Plan
Treasury Issues Tax Guidance on Madoff Losses
May 2009