Daily Archives: February 19, 2015

Tax News & Comment — March 2015

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From Washington & Albany — Income & Estate Tax Planning in 2015

I.    From Washington Income tax planning in 2015 will seek to reduce the effect of high federal and New York tax rates. Avoidance of unnecessary capital gain realization through basis increases or nonrecognition transactions will remain important. Estate tax planning … Continue reading

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From Federal Courts, NYS Courts & Tax Tribunals — Recent Developments & 2014 Decisions of Note

I.     Disputes Involving Sales of Assets to Grantor Trusts Reach the Tax Court In Estate of Woelbing v. Com’r, Docket No. 30261-13, filed on December 26, 2013, the IRS made several arguments seeking to negate the tax benefit sales of … Continue reading

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