Tag Archives: tax lawyer

Tax News & Comment — August 2014

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Second Term Blues Visit President Obama

Congress Grants One Year Reprieve For Affordable Care Payments President Obama has suffered a precipitous decline in his approval rating since late April, when that indicator was at 50 percent. Today, Mr. Obama enjoys the approval of only 45 percent … Continue reading

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Tax News & Comment — October 2013

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Tax News & Comment — May 2013

Tax News & Comment — May 2013

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Revision of New York Power of Attorney Law Takes Effect

Revision of New York Power of Attorney Law Takes Effect Effective 9/1/09, NY General Obligations Law §5-1501, which governs the content and execution of powers of attorney, was revised and amended. Powers executed prior this date remain valid, but are … Continue reading

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Post Mortem Estate Tax Planning

 Post Mortem Estate Planning Calculation and remittance of federal and NYS estate tax is of primary concern in administering an estate. An estate tax return must generally be filed within nine months of the decedent’s death, and payment must also … Continue reading

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Portability of Estate Tax Exclusion — Did Congress Guild the Lily?

View in PDF:   Tax News & Comment — February 2013 I.     Introduction As part of the 2010 Tax Act, Congress enacted a statute allowing a surviving spouse to utilize the unused portion of the predeceasing spouse’s lifetime estate tax … Continue reading

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Elder Law Planning: Deciphering the Puzzle

View in PDF:  Tax News & Comment — February 2013 Elder Law Planning:  Deciphering the Puzzle I.       Social Security The Social Security program, begun during the Great Depression under President Roosevelt, is the forerunner of Medicare and Medicaid. The … Continue reading

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Use of Disclaimers in Pre and Post-Mortem Estate Planning

View in PDF:  Tax News & Comment — February 2013 Introduction Disclaimers can be extremely useful in estate planning. A person who disclaims property is treated as never having received the property for gift, estate or income tax purposes. This … Continue reading

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Elder Law Planning: Deciphering the Puzzle

View in PDF:  Tax News & Comment — February 2013 Elder Law Planning:  Deciphering the Puzzle I.       Social Security The Social Security program, begun during the Great Depression under President Roosevelt, is the forerunner of Medicare and Medicaid. The … Continue reading

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2012 Regulations, Rulings & Pronouncements of Note

View in PDF:  Tax News & Comment — February 2013 2012 Regulations, Rulings & Pronouncements of Note I.   Taxpayer Advocate Report National Taxpayer Advocate Nina E. Olson issued the agency’s annual report to Congress on January 9, 2013. The report … Continue reading

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2012 Gift & Estate Tax Decisions of Note

View in PDF:  Tax News & Comment — February 2013 2012 Gift & Estate Tax Decisions of Note I.    Formula Clauses The Tax Court in Wandry v. Com’r, T.C. Memo 2012-88, nonacq., 2012-46 I.R.B. upheld a defined value clause containing … Continue reading

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2012 Taxpayer Relief Act & Tax Outlook for 2013

View in PDF:  Tax News & Comment — February 2013 2012 Taxpayer Relief Act & Tax Outlook for 2013 I.  Overview of Act On January 2, President Obama signed the American Taxpayer Relief Act of 2012 (the Act) into law, … Continue reading

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Tax News & Comment — February 2013

View in PDF:  Tax News & Comment — February 2013

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Tax News & Comment — October 2012

View in PDF: Tax News & Comment — October 2012

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