IRS Announcement Casts a Cloud of Uncertainty on the Tax Treatment of Intentionally Defective Grantor Trusts By Anthony P. Daddino Intentionally Defective Grantor Trusts, or IDGTs, are popular estate planning tools. For...
THREE QUESTIONS By Alan K. Davis Does your Will benefit charity?[1] Is your estate small enough to avoid an estate tax?[2] Do you trust your family?[3] If you answer yes to these questions, you may want to revise...
Recent Decisions Highlight the Importance of Proper Planning with Self-Directed IRAs Using a self-directed IRA to operate a business or acquire real estate requires meticulous planning and careful execution. The failure to...
IRS Hints at a Permanent Safe Harbor for Missed Portability Elections Earlier this week the IRS issued final rules on portability. Portability allows the surviving spouse to essentially inherit the portion of the decedent’s...
IRS Chief Counsel Advice 201511018 provides helpful clarification regarding the tax year in which a taxpayer is eligible to deduct a theft loss incurred in connection with a Ponzi scheme. Before addressing the new ground...
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