The tax reform bill passed by Congress at the end of 2017 significantly reduces the number of taxpayers whose families will pay gift tax or estate tax, but it comes with an “expiration date” of Dec...

Payments on Promissory Notes and Guarantees. If you sold property (for example, real estate, stock, or an interest in a family limited partnership or other closely-held entity) to a family member or a...

Many clients have asked us what changes we expect in federal estate and gift tax law following the election of Donald Trump. There are lots of opinions and predictions, but no consensus of what cha...

The long-awaited attack has arrived – the IRS recently issued proposed rules intended to reduce or eliminate valuation discounts for family-controlled business entities. These proposed regulations wil...

The Treasury Department took new steps on Monday to further curtail a popular type of merger in which an American company buys a foreign counterpart, then moves abroad to lower its tax bill.

In a recent call with practitioners, Tammy Ripperda (Director, Exempt Organizations, IRS) provided an overview of IRS Fiscal Year 2014 and a preview of what is to come for exempt organizations in I...

A number of tax figures are adjusted each year for inflation. This alert outlines the most significant adjustments for estate and gift taxes for 2015.

If you made gifts in calendar year 2012 that should be reported on a federal gift tax return (Form 709) and you extended the deadline to file your gift tax return, the deadline to submit a timely-file...

This alert outlines the gift tax return requirement for 2012 transactions and the use of "defined value" gifts and sales.

After all of the sand had run out of the hourglass, Congress finally passed (and the President signed) a compromise tax bill to avoid very substantial income tax increases on taxpayers with income und...