Estate tax

WRN#18.03.07

Topics: Estate planning, Estate tax, IRS, Regulation

A U.S. District Court determined that the IRS did not follow applicable published guidance and therefore was not substantially justified in its position in pursuing claims for personal liability against the beneficiaries and fiduciaries for an estate tax deficiency.

WRN#18.01.06

Topics: Estate tax, IRS, Regulation, Trusts

In a recently-released series of apparently related PLRs, the IRS has again reviewed the tax consequences of incomplete gift, non-grantor (“ING”) trusts of married spouses involving the transfer of community property.

In This Week’s Tax News – 17.12.03

Topics: COLI/BOLI, Congress, Estate tax, NQDC, Tax reform

By Chris Morton, Armstrong Robinson, David Hollingsworth, and Jason Martinez Sunday, 3 December 2017 Senate Passes Tax Reform Bill – House-Senate Conference Expected to Begin Senate Republicans passed their tax reform bill early Saturday morning on a 51-49 vote. Senator Bob Corker (R-TN) was the lone Republican opposing the bill. The House and Senate are…

Decoding Tax Reform- Interim Update – Where We Are Now

Topics: Estate planning, Estate tax, GST, Passthrough taxation, Tax reform

Last week, the tax reform effort took major steps forward, as the House passed its version of the Tax Cut and Jobs Act (“House Bill”) and the Senate Finance Committee passed its legislative mark-up (“Senate Bill”). Yet, the Bills differ in several key areas, including: (1) estate and GST taxes, (2) the state and local…

In This Week’s Tax News – 17.11.17

Topics: COLI/BOLI, Congress, Estate tax, NQDC, Tax reform

By Chris Morton, Armstrong Robinson, and David Hollingsworth Friday, 17 November 2017 Don’t Forget Tune in Tuesday, November 21 at 11am Eastern for the next installment in our webinar series on this topic. Missed today’s webinar? Click here for the recording. Republicans continued to meet their deadlines for tax reform. However, a number of issues…