Wealth Strategies Journal

Do More, Better, Faster

Author: Dominic Reilly (page 2 of 3)

David Shayne: Benefits Due a Child Conceived After a Parent’s Death Are Uncertain

By David Shayne

Are you sure who you would include as your descendants in your estate plan? Would it include stepchildren, children adopted as adults, non-marital children, and those born after the death of a parent? A relatively recent phenomenon is the birth of a child conceived artificially after a parent’s … Continue reading

Julius H. Giarmarco: Transfers of FLP and FLLC Interests Require Immediate Attention

By Julius H. Giarmarco

Family limited partnerships (FLPs) and family limited liability companies (FLLCs), if properly structured, are attractive vehicles for administrative convenience; income, estate and gift tax savings; and creditor protection. It is important that an FLP or FLLC be formed for valid business purposes and not merely as … Continue reading

Kevin E. Packman – Even Though IRS Executives Do Not Know It, Employee Travel Reimbursements Can be Taxable

By Kevin E. Packman

On Tuesday, February 18, 2014, the Treasury Inspector General for Tax Administration (TIGTA) issued a report reviewing the long-term travel of certain IRS executives and found that nine of the thirty one executives whose records they studied made mistakes on their taxes. [1] The mistakes pertained … Continue reading

Sharon L. Klein – TSB-M15(4)M: New York Issues Estate Tax Guidance for Residents and Nonresidents Owning New York Property – New York State Department of Taxation and Finance Technical Memorandum

By Sharon L. Klein

“On October 27, 2015, the New York State Department of Taxation and Finance issued a Technical Memorandum (“TSB”) that provides estate tax guidance for residents and for nonresidents owning New York property. Specifically, the TSB provides guidance on how to compute allowable deductions for resident and Continue reading

Julius H. Giarmarco: 25 Year-End Estate Planning Tips (Part 3/3)

By Julius H. Giarmarco

Part 1 / Part 2 / Part 3 

Don’t let the chaos of the holiday season prevent you from minimizing federal estate taxes and fine-tuning your estate plan. What better gift for your heirs than avoiding the 40% federal estate tax and making sure your affairs … Continue reading

Julius H. Giarmarco: 25 Year-End Estate Planning Tips (Part 2/3)

By Julius H. Giarmarco

Part 1 / Part 2 / Part 3

Don’t let the chaos of the holiday season prevent you from minimizing federal estate taxes and fine-tuning your estate plan. What better gift for your heirs than avoiding the 40% federal estate tax and making sure your affairs … Continue reading

Linda Kotis: Salvaging the 2015 Roller Coaster Ride with Your Retirement Accounts: Roth IRA Conversion

By Linda Kotis

The stock market has been full of crazy swings this year.  Your retirement accounts were buoyed by the 1.2% gain in the Dow Jones Industrial Average on January 8.  Then you cringed as account values bounced around in March with a 333 point drop. You nearly fainted … Continue reading

Julius H. Giarmarco: 25 Year-End Estate Planning Tips (Part 1/3)

By Julius H. Giarmarco

Part 1 / Part 2 / Part 3

Don’t let the chaos of the holiday season prevent you from minimizing federal estate taxes and fine-tuning your estate plan. What better gift for your heirs than avoiding the 40% federal estate tax and making sure your affairs … Continue reading

Did Aragona Answer All Questions? An Analysis of Outstanding Issues for Trusts Owning Rental Real Estate

By Katie Groblewski and RoseMary Reed

“Frank Aragona Trust v. C.I.R. is the first and only Tax Court case to address whether the income earned by an irrevocable trust holding rental real estate is non-passive.  While the case was a victory for the trust taxpayer, the Tax Court did not Continue reading

Little Known Reporting Requirement may surprise many U.S. Persons (including U.S. Beneficiaries of Foreign Trusts) with Interests in Foreign Businesses

Little Known Reporting Requirement may surprise many U.S. Persons (including U.S. Beneficiaries of Foreign Trusts) with Interests in Foreign Businesses

by Robert Gonzales

While my initial inclination was that this fairly unknown Form BE-10 (a non-tax filing obligation) was somewhat limited to certain U.S. persons with interests in foreign businesses, … Continue reading

Edwin P. Morrow III

Ed Morrow

Edwin Morrow, J.D., LL.M., MBA, CFP®, RFC® is the Director of Wealth Transfer Planning and Tax Strategies at Key Private Bank Family Wealth Advisory Services.  As one of Key’s national wealth specialists, Ed works with local Key Private Bank financial advisory and trust teams nationwide. He assists with in-depth reviews of … Continue reading

Alexandre M. Denault

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Alexandre M. Denault is a tax attorney in the Tax Practice Group at Akerman LLP. He focuses his practice on domestic and international tax planning matters, including inbound and outbound business and real estate tax planning for large corporations, joint ventures and ultra-high-net-worth private clients.  Mr. Denault is a … Continue reading

Jonathan Gopman

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Jonathan E. Gopman is chair of the trusts and estates practice at Akerman LLP, a fellow of the American College of Tax Counsel and a member of the American Bar Association and the ABA’s Section of Real Property, Trust and Estate Law. He is co-chair of the Asset Protection Planning Continue reading

Michael Sneeringer

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Michael A. Sneeringer is an associate in Akerman LLP’s Naples office. He practices in the areas of estate planning, probate administration, asset protection planning, and tax law. He serves as a Co-Vice Chair of the Asset Protection Planning Committee of the Real Property, Trust and Estate Law Section of the Continue reading

Bernard A. Krooks

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Bernard A. Krooks is a founding partner of the law firm Littman Krooks LLP and Chair of its Elder Law and Special Needs Department. Mr. Krooks is a nationally-recognized expert in all aspects of elder law and special needs planning. He is the President of the Board of Directors of … Continue reading

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