Monthly Archives: July 2011

From Washington — Recent Developments, August 2011

Posted on July 27, 2011 by

VIEW IN PDF: Tax News & Comment — August 2011 A bipartisan deficit-reduction panel is considering ending the preferential tax treatment of capital gains. Although not explicitly mentioned in the plan which is now being considered in the Senate, the … Continue reading →

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The Decedent’s Last Will: A Final Profound Statement

Posted on July 27, 2011 by

VIEW IN PDF:   Tax News & Comment — August 2011 I.    Introduction A will is a written declaration providing for the transfer of property at death. Although having legal significance during life, the will is without legal force until it … Continue reading →

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Peering Through the Legal Prism: When Asset Protection Becomes Fraudulent

Posted on July 27, 2011 by

VIEW IN PDF:  Tax News & Comment — August 2011 I.  Introduction English law addressing fraudulent conveyances dates back to the early Middle Ages. The first comprehensive attempt to prohibit such transfers appeared in the Fraudulent Conveyances Act of 1571, … Continue reading →

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August Comment — Deferred Exchanges Under the Regulations

Posted on July 27, 2011 by

VIEW IN PDF:  Tax News & Comment — August 2011 [Note: Excerpted from Like Kind Exchanges of Real Estate Under IRC. §1031 (David L. Silverman, 3rd Ed.,1/11).View treatise at nytaxattorney.com] I.  Overview of Statute A deferred exchange may be a … Continue reading →

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From The Courts — Recent Developments, August 2011

Posted on July 27, 2011 by

VIEW IN PDF:  Tax News & Comment — August 2011 The Supreme Court, in an unanimous opinion, held that a medical resident whose normal work schedule requires him to perform services 40 or more hours per week, is not a … Continue reading →

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From The IRS — Recent Developments, August, 2011

Posted on July 27, 2011 by

VIEW IN PDF:  Tax News & Comment — August 2011 Approximately one million U.S. taxpayers have at least one financial account located in a foreign country. Many have not reported their offshore accounts to the IRS, a violation with possible … Continue reading →

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Tax News & Comment — August 2011

Posted on July 26, 2011 by

VIEW IN PDF:  Tax News & Comment — August 2011 Approximately one million U.S. taxpayers have at least one financial account located in a foreign country. Many have not reported their offshore accounts to the IRS, a violation with possible … Continue reading →

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