Opening a Law Practice? Pay Attention to Tax Issues

460413025You’ve decided to open your own law office and are ready for your clients’ cases, but are you also ready to handle the tax issues that go hand-in-hand with running your own business? Continue reading

Tales of Hoffman: Postmortem Planning for Actor’s Estate

2013-07-catastrophe-122552905The tragic death of actor Philip Seymour Hoffman has given us an opportunity to consider his estate planning, with lessons and strategies for the rest of us. Continue reading

Litigators: Be Alert for Tax Issues

466026551Many litigators are grateful to believe they’ve left tax law behind in law school. But that belief can cost your client. Continue reading

The Net, Net Gift That Keeps on Giving (But It’s Risky)

145154888

Good news, bad news. The Tax Court has approved a gift tax avoidance scheme, but there’s a catch. Continue reading

Tell It to the (Tax Court) Judge: If You Prefer District Court, Pay the Tax First and Then Ask for a Refund

168721110

Michael Jackson is back in the news. The IRS added some $700 million to the reported value of Jackson’s estate, based on posthumous publicity rights valued by the estate at $1200. The news brought to light an interesting issue: To get a regular trial with a district judge on a tax deficiency, you have to pay the tax first. Continue reading

Portability—Game Changer for Estate Planning or More of the Same?

148037463Estate planners are taking a second look at portability—the use of a deceased spouse’s lifetime exclusion by the surviving spouse—now that the law on this subject has been made permanent. Continue reading

%d bloggers like this: