Dear Clients and Friends, As a former IRS attorney I was specially assigned to the Estate and Gift Tax division and in my 4+ decades of private practice thereafter we routinely work with clients on implementing their personal Estate Planning documentation as well as … [Read more...] about Handling your deceased parents’ Living Trusts
Dear Clients and Friends, Many persons only get around to having a documented estate plan at the proverbial last minute, i.e. elderly and seriously ill. Others may write a simple will when they’re young but then fail to review or update it until something happens that makes … [Read more...] about Estate Planning and One’s Added Peace of Mind
Dear Clients and Friends, As a former IRS attorney and with 40+ years in private practice, we continue to represent clients at all levels in tax-collection defense matters: audits, appeals, US Tax Court and beyond. Available tax records are game changers and that leads to … [Read more...] about How Long Should You Hold On To Tax Records?
Dear Clients and Friends, When setting up trusts for children, grandchildren and other family members, one has a greater ability to limit the beneficiaries’ right to challenge trustees’ decisions in court as a result of a recent U.S. Tax Court decision. Here’s the … [Read more...] about Family Trust Could Prohibit Beneficiaries From Going To Court
Dear Clients and Friends, Did you know that if you buy real estate in the U.S. from a foreign owner, you may have to withhold a chunk of the sale price and send it to the IRS? This is required by a law called FIRPTA (the Foreign Investment in Real Property Tax Act), which … [Read more...] about New rules if you buy real estate from a foreign owner
Dear Clients and Friends, As a former IRS Attorney we continue to represent clients before the IRS and in the Courts, regarding their tax audits and tax collection matters. The deductibility (or not) of business entertainment expenses are routinely a part of these tax audits … [Read more...] about You and your business entertainment deductions