by grcadmin | Jan 26, 2016 | Articles, Publications
By Alison E. Lothes, co-written by David A. Handler Originally written for WealthManagement.com Internal Revenue Service Issues Draft of New IRS Form 8971 to Report Basis In the summer of 2015, President Obama signed what’s known as the “Highway Bill” (Surface...
by grcadmin | Nov 15, 2015 | Articles, Publications
By Alison E. Lothes, co-written by David A. Handler Originally written for WealthManagement.com Inflation Adjustments Released In Revenue Procedure 2015-53, the Internal Revenue Service issued the new inflation-adjusted tax amounts for 2016. The adjustments include...
by grcadmin | Oct 22, 2015 | Articles, Publications
By Alison E. Lothes, co-written by David A. Handler Originally written for WealthManagement.com • Ruling on gift-splitting and generation-skipping transfer (GST) tax allocations —In Private Letter Ruling 201523003 (released June 5, 2015), the taxpayer sought a ruling...
by grcadmin | Oct 22, 2015 | Articles, Publications
By Alison E. Lothes, co-written by David A. Handler Originally written for WealthManagement.com • New law enacts consistent basis reporting rules and new reporting obligations for executors —President Obama recently signed what’s known as the “Highway Bill” (Surface...
by grcadmin | Oct 22, 2015 | Articles, Publications
By Alison E. Lothes, co-written by David A. Handler Originally written for WealthManagement.com • Proposed regulations regarding tax imposed on U.S. citizens and residents relating to gifts and bequests from certain expatriates —The Internal Revenue Service has...
by grcadmin | Aug 27, 2015 | Articles, Publications
By Alison E. Lothes, co-written by David A. Handler Originally written for WealthManagement.com • Estate denied charitable deduction for remainder interests in a NIMCRUT —In Estate of Arthur E. Schaefer, 145 T.C. No. 4 (July 28, 2015), the Tax Court ruled on the...
