IRS emails suggest scheme to subject political contributions to the gift tax
In a WSJ Capital Journal article, John McKinnon reports that the IRS emails produced after the IRS amazingly “found” the lost Lois Lerner harddrives…
Cromnibus extends IRA charitable deduction options
Late Tuesday, the Senate finally voted to extend a package of temporary tax breaks through the rest of the year. Already passed…
Update on reverse mortgages
In a recent WSJ.com Real Estate article, Anya Martin provides some current information on reverse mortgages. She notes that reverse mortgages give older…
Gun trusts continue to be important planning tools
In a recent WSJ Wealth Advisor post, Planners Use Gun Trusts to Smooth Firearms Transfer, Anna Prior discusses the growing use of “gun trusts”…
Helpful article on obtaining IRS charity exemption
In a recent article, non-profit Wycliffe Foundation discusses the process in obtaining exemption from federal income tax as a charitable or exempt organization….
Are trusts obsolete?
In a recent WSJ Wealth Advisor article, The New Rules of Estate Planning, Laura Sanders asks, essentially, whether revocable trust based planning has…
Trust decanting explained
Trust-decanting gains favor. In a recent WSJ.com Wealth Advisor article, trust decanting is discussed and explained. Decanting is “pouring” one trust into another new…
What incentives should my trust include to motivate my children and grandchildren?
In defense of incentive trusts. Some estate planners discourage use of incentive trusts, which require heirs to meet certain conditions. But New Jersey-based…
Corporate inversions and how they may benefit you
In a recent article, the author explains corporate inversions, why U.S. corporations are attracted to inversions, the tax consequences of inversions, and how…
Private Letter Ruling on museum gift shop sales
In a recent private letter ruling, PLR 201429029, the IRS held that proceeds from sales of a gift shop owned and run by…
