Estate Taxation

  • Cause Marketing: Plan Carefully to Avoid Legal and Tax Pitfalls

    By:
    Luana K. Lewis
    |
    May 1, 2016
    In recent years, cause marketing efforts have grown more popular with charities and their commercial marketing partners. Customer perceptions and behaviors are expected to drive the cause marketing trend even further in the future. 
  • IRS Proposed Regulations Concerning Basis Consistency and Reporting for Property Acquired from a Decedent

    By:
    Kevin Matz, CPA, Esq., LLM
    |
    May 1, 2016
    On July 31, 2015, President Obama signed the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (the “Highway Act”) into law. The Highway Act, among other things, added new provisions to IRC sections 1014(f) and 6035 concerning basis consistency and reporting for property acquired from a decedent. 
  • Colorado Wins Round Two on Use Tax Reporting Requirements for Remote Sellers

    By:
    Brian Gordon, CPA
    |
    Apr 1, 2016
    In 2010, Colorado enacted a law that imposes use tax reporting obligations on many remote sellers with no nexus to the state. This law does not require them to collect sales or use tax; it only requires them to report the sales information to both the purchaser and the state of Colorado, notifying them of a use tax liability. 
  • ‘Til Death or Divorce Do Us Part

    By:
    Carole M. Bass and Rebecca A. Provder
    |
    Mar 1, 2016
    Death and divorce -  two “d” words that no one wants to talk about, but which cannot be ignored. While working together at the same firm, the authors – a trusts and estates lawyer and a matrimonial lawyer – have seen firsthand the significant overlap between their two fields, and how considering both can achieve optimal results for clients. 
  • You Can’t Take it With You: Passive Activity Loss Carryovers at Death

    By:
    Carl Fiore, JD, LLM
    |
    Mar 1, 2016
    “You can’t take it with you.” Although more commonly associated with gift and estate tax planning among tax practitioners, this statement also applies to income tax as well. 
  • Avoid Misleading Fundraising Appeals: Disclose Fully and Accurately

    By:
    Luana K. Lewis
    |
    Sep 1, 2015

    Through fundraising solicitations, charities inform donors about how supporting their activities will advance their missions.  To a great extent, these missions are the core reason why they are tax exempt under IRC section 501(c)(3). 

  • Managing Assets for Aging Baby Boomers and Their Parents

    By:
    Mira B. Weiss, Esq.
    |
    Jun 1, 2015
    Benjamin Franklin is famously quoted for saying, “In this world nothing can be said to be certain, except death and taxes.” Now, baby boomers can add a third certainty to that list: the extraordinary cost of long-term care. 
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