Tag Archives: carryover basis

Tax News & Comment — February 2014

Posted in Tax News & Comment | Tagged , , , , , , , , , , , , , , , ,

Like Kind Exchanges in Crosshairs of President Obama and Congress

Like Kind Exchanges in Crosshairs of President Obama and Congress The Joint Committee on Taxation recently released its estimates of federal tax expenditures for the years 2012 through 2017. The five-year cost for Section 1031 was estimated to be $42 … Continue reading

Posted in Like Kind Exchanges of Real Estate Under IRC Section 1031 | Tagged , , , , , , , , , ,

Estate Planning in 2013

Posted in Estate Planning, Estate Planning in 2013, Estate Planning in 2013, News, Treatises | Tagged , , , , , , , , , , , , , , ,

Tax News & Comment — October 2012

View in PDF: Tax News & Comment — October 2012

Posted in Tax News & Comment | Tagged , , , , , , , , , , , , , , , , , , , , , , ,

2011 Tax and Estate Planning Decisions of Note

A.    Issues Arising Under IRC §2036 An important objective in estate tax planning is to transfer of assets out of one’s taxable estate, while retaining a degree of beneficial enjoyment over the transferred property. Where the IRS believes too much … Continue reading

Posted in Gift & Estate Tax Decisions of Note | Tagged , , , , , , , , , , , ,

Tax News & Comment — August 2011

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

Posted in Tax News & Comment | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Differing Tax Visions of President Obama and Governor Romney

Much has been made of the recent revelation that Governor Romney enjoyed a 14 percent tax rate on “carried interest,” which Congress permits to be reported as capital gain. Investors such as Mr. Romney pay a lower rate of tax … Continue reading

Posted in From Washington, Tax News & Comment | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment