Disposition of Digital Assets: Reasons for Digital Estate Planning
Authored by: Neeli G. Shah Death in the digital age is a lot more complicated than it used to be. Traditionally, fiduciaries and family members start administering an estate by reading the...
View ArticleStatus Update: I’M OUTTA HERE!!! #EXPATRIATE
Authored by: Steven A. Richman Eduardo Savarin, one of Facebook’s co-founders, recently announced that he renounced his U.S. citizenship in September of 2011, several months in advance of...
View ArticleWandry – A Significant Step Forward for Defined Value Clauses
Authored by: Neeli G. Shah On March 26, 2012, the United States Tax Court issued a memorandum opinion in Wandry v. Commissioner, which was an important taxpayer victory in the world of defined value...
View ArticleYou Are Not Finished With Your 2012 Gifting Until You File Your Gift Tax Return
Authored by: Neeli G. Shah Many opportunistic taxpayers rushed to make year-end gifts during 2012. As a result, a record number of 2012 gift tax returns are expected to be filed in 2013. These returns...
View Article“There is nothing permanent except change.” -Heraclitus
Authored by: Paul J. Sowell Just when those impacted by the moving target that was the gift and estate tax exemption collectively sighed in relief at the passage of the fiscal cliff deal, it appears...
View ArticleThe Overturning of DOMA has Broad Tax Implications
Authored by: Paul J. Sowell, Esq. In a 5-4 decision issued this past Wednesday, the U.S. Supreme Court ruled that the Defense of Marriage Act (DOMA) is unconstitutional, paving the way for the federal...
View ArticleEYES ON NEW YORK STATE (Estate Tax Update)
Authored by: Roy P. Kozupsky, Esq. Every once in a while (admittedly not often in this author’s opinion) do our elected officials get tax policy right. There just seems to be too many special interest...
View ArticleAnticipated 2704 Valuation Discount Regulations
Authored by: Dana L. Mark In 1990 Chapter 14 (Special Valuation Rules) was added to the Internal Revenue Code to prevent the manipulation of the transfer tax value of a proprietary interest in certain...
View ArticleLost and Found: Musings on the Tax Consequences of a Found Violin
Recently it was reported that Roman Totenberg’s Stradivarius was found 35 years after its suspected theft. The Stradivarius disappeared in 1980, believed by most to have been stolen. The violin...
View Article2016 Estate Planning Update
As soon as the last of the turkey is made into turkey soup, ‘tis the season to focus on year-end tax planning, particularly taking advantage of the gift tax annual exclusion. An individual can make...
View Article
