IRS issues 2010 estates notice
After months of speculation and anticipation on the part of estate planning attorneys and tax practitioners, the Internal Revenue Service has issued a Notice and Revenue Procedure for 2010 estates...
View ArticleIRS extends due date for 2010 estate tax exemption
Providing some relief to stressed-out estate planning attorneys and tax practitioners, the Internal Revenue Service announced Sept. 13 that estates of 2010 decedents will have a longer time to file...
View ArticleDeadline looms: Should you re-characterize a Roth IRA?
Lawyers and their clients who chose to convert a traditional IRA into a Roth IRA last year face a deadline in the coming weeks. Those who wish to re-characterize their Roth IRA back into a traditional...
View ArticleIRS releases estate tax exemption form
The Internal Revenue Service has released the form necessary for practitioners to opt clients out of the estate tax. In August, the IRS issued a Notice and Revenue Procedure for 2010 estates seeking to...
View ArticleThe pitfalls of ‘portability’
The new estate tax “portability” law was a welcome change for estate planning attorneys and their clients, but short-term law has some drawbacks that necessitate careful planning.
View ArticleEstate tax guessing continues
WASHINGTON – With little chance of long-term federal estate tax reform passing in Washington any time soon, attorneys are again trying to plan as best as they can – not only for their clients, but also...
View ArticleEstate planning tools may vanish in 2013
WASHINGTON – For estate planning attorneys, the unstable nature of federal tax law has become the new normal. But the prospect of skyrocketing estate tax rates and the potential loss of key estate...
View ArticleState AGs weigh in against DOMA
The 2nd Circuit should strike down the Defense of Marriage Act as an unconstitutional violation of the equal protection rights of same-sex couples, a trio of state Attorneys General argues in a new...
View ArticleNew Year brings more uncertainty over estate tax
WASHINGTON – As the budgetary wrangling between the White House and Congress continues, the only thing that is clear is that an agreement on long-term estate tax reform is unlikely. That means federal...
View ArticleNew landscape for estate planning attorneys
The new law that averted the “fiscal cliff” contains major changes for estate and gift tax rules that will affect not only the advice lawyers give to their clients, but the future landscape of estate...
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