Tag Archives: gift tax

Estate Planning in 2013

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Summary of Tax Changes Under American Taxpayer Relief Act of 2012

           (1)    Ordinary Income.         Beginning in the 2013 taxable year, single taxpayers with ordinary income over $400,000 and married taxpayers filing jointly whose income exceeds $450,000 will be subject to a new higher 39.6 percent tax rate. [These … Continue reading

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Recent IRS Developments — October 2031

I.  Taxpayer Advocate Issues 2014 Report National Taxpayer Advocate Nina Olson recently issued a report detailing the issues on which the Taxpayer Advocate Service (TAS) will focus during the fiscal 2014 tax year. IR-2013-63. The Taxpayer Advocate is required by … Continue reading

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Tax News & Comment — October 2013

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Tax and Legal Issues Arising in Connection With The Federal Gift Tax Return (2013 Revision)

Posted in Estate Planning, Federal Gift Tax, Gift Tax Planning, Gifts to Minors, Tax & Legal Issues Arising in Connection with the Federal Gift Tax Return (2013 Revision), Treatises | Tagged , , , , , , , , , ,

The Decedent’s Last Will: A Final Profound Statement

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 “speaks” at death. Upon the death of the decedent, rights of … Continue reading

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Tax News & Comment — May 2013

Tax News & Comment — May 2013

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