Certain Assets Need Special Consideration

When it comes to estate planning, certain assets warrant additional attention. Four examples to keep in mind are:

Businesses: those that require special licenses or specific kinds of expertise will necessitate the appointment of an individual who is authorized to administer the asset.

Firearms: a licensed trustee will be needed … Continue reading

Taxation Section of ABA ‘s 2014-2015 Treasury-IRS Guidance Priority List

The American Bar Association Section of Taxation submitted a substantial number of recommendations to the IRS from the following committees:

Affiliated and Related Corporations

Bankruptcy and Workouts Corporate Tax

Civil and Criminal Tax Penalties Employee Benefits

Exempt Organizations

Fiduciary Income Tax

Financial Transactions

Foreign Activities of U.S. Taxpayers Investment Management … Continue reading