Author Archives: David L. Silverman, J.D., LL.M. (Taxation)

To Cut Debt, Obama Shifts on No Tax Vow

To Cut Debt, Obama Shifts on No Tax Vow By JACKIE CALMES President Obama, still seeking to get Congressional Republicans to join in a bipartisan commission to reduce the federal debt, suggested he would be willing to break his campaign … Continue reading

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Tax Foundation Finds New York Taxes Among Highest in Nation

Tax Foundation Finds New York Taxes Among Highest in Nation

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New IBM software optimizes NYS-DTF audit selection; saves NYS $0.889 billion.

New IBM software optimizes NYS-DTF audit selection; saves NYS $0.889 billion.

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2000 Estate and Gift Tax Decisions of Note

I.  Built-in Capital Gains In Estate of Welch v. Comr., 208 F.3d 213 (6th Cir. 3/2000), the Court of Appeals held that a discount to reflect built-in capital gains of real property was appropriate, despite the fact that the corporation … Continue reading

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Tax News & Comment — March 2010

Tax News & Comment — March 2010

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IRS Continues to Increase Oversight of Tax Return Preparers to Improve Compliance, Taxpayer Service

IRS Continues to Increase Oversight of Tax Return Preparers to Improve Compliance, Taxpayer Service IR-2010-44, April 7, 2010 WASHINGTON — As the April 15 tax deadline approaches, the Internal Revenue Service today announced initial results from its stepped-up effort involving … Continue reading

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New York’s Unconstitutional Tax on the Internet

PDF: New York’s Unconstitutional Tax on the Internet April 1st, 2010 | Category: North Carolina Law Review As the current economic downturn continues to ripple through every sector of the economy, state governments from North Carolina to California are struggling … Continue reading

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The Federal Gift Tax Return Form 709: Tax and Legal Issues

With little Congressional interest in increasing the $1 million lifetime exemption, familiarity with gift tax is important in estate planning. This seminar will first consider legal requirements for a completed gift. Filing requirements will then be reviewed. Gifts exempt from … Continue reading

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Memorandum — Revised New York Criminal Law Statutes

Tax Professionals preparing 2009 New York State corporate, income, employment and sales tax returns should be alert to statutory changes which create new tax offenses and which impose stricter criminal penalties for existing offenses.  In some cases, tax professionals may … Continue reading

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Tax News & Comment — March 2010

The March 2010 issue of Tax News & Comment focuses on tax and estate planning in 2010. “IRS Matters” discusses 2009 Regulations and Rulings of Note; “From the Courts” discusses 2009 Gift & Estate Tax Decisions of Note: “From Washington” … Continue reading

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Estate Planning in 2010

© 2010 Law Offices of David L. Silverman, J.D., LL.M, Lake Success,  NY  11042   (516) 466-5900 Estate Planning in 2010 For PDF Version, press here: Estate Planning Treatise FD I.      Period of Uncertainty The federal estate tax was repealed midnight, … Continue reading

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