Searching Content indexed under Inheritance Tax by Blank Rome LLP ordered by Published Date Descending.
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Anticipated IRS Regulations May Impact Discounts On Intra-Family Transfers Of Closely Held Business Interests
In an effort to curb perceived abuses in valuation discounts for transfers of interests in family entities, Section 2704 of the Internal Revenue Code (the "Code") was enacted in 1990 as part of new Code Chapter 14.
United States
14 Aug 2015
2015 Estate And Tax Planning
Blank Rome’s annual estate planning newsletter discusses certain concepts and techniques that we hope may be of interest to our clients and friends.
United States
3 Feb 2015
New York Budget Law Impacts New York Estate Planning
Judge Gideon Tucker perhaps said it best when he wrote in 1866 that "no man’s life, liberty, or property are safe while the Legislature is in session."
United States
24 Apr 2014
2014 Estate And Tax Planning
With the recent expansion of Blank Rome’s Los Angeles office and the addition of a San Francisco office, the Private Client Group has planted its flag on the West Coast.
United States
13 Feb 2014
Going, Going, Gone? The Window Is Closing On Significant Estate Planning Opportunities
If ever there was a good year to die, it was 2010 during which no Federal estate or gift tax was imposed.
United States
23 Jul 2012
Preview Of Coming Attractions: Enhanced Foreign Asset Reporting Rules On The Horizon
For past three years, much attention has been focused on offshore bank accounts and the obligation of U.S. taxpayers to report such accounts on the much-heralded Report of Foreign Bank and Financial Accounts or "FBAR" form.
United States
28 Dec 2011
Post-Mortem Conservation Easements: An Overlooked Planning Opportunity
Your client owns a country home with acreage that has excellent scenic views, is part of a local or state area designated as ecologically significant in some way or is home to protected species of flora or fauna. The client wishes to protect the land as well as her wallet, and you have suggested that she donate a qualified conservation easement on the property or a portion of it.
United States
4 Oct 2011
Joint Representation Of Spouses: Privacy And Privilege Issues
Many estate planning practitioners routinely engage in the joint representation of spouses in connection with their estate planning.
United States
30 Mar 2011
Estate, Gift and GST "Tax Amnesty"— How To "Turbo Charge" Your Estate Plan In 2011 And 2012
The enactment of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the "Act") on December 17, 2010 provides taxpayers with a number of estate planning opportunities never before available to them.
United States
11 Feb 2011
Internal Revenue Service Announces Second Amnesty Program for Foreign Bank Accounts: Deadline to Report Offshore Assets is August 31, 2011
On February 8, 2011, the Internal Revenue Service unveiled its 2011 Offshore Voluntary Disclosure Initiative, a long-awaited second amnesty program designed to encourage taxpayers with undisclosed foreign bank accounts to come into compliance with U.S. tax laws and avoid possible criminal prosecution.
United States
9 Feb 2011
Recent Developments In Employee Benefits And Executive Compensation
A broad range of plans and agreements, including traditional deferred compensation plans, equity compensation, bonus plans, severance plans, change in control agreements and employment agreements could provide for "deferred compensation" as defined in Section 409A of the Internal Revenue Code and be subject to the highly technical requirements of Section 409A.
United States
2 Feb 2011
Summary of the New Gift, Estate and Generation Skipping Transfer Tax and Important Planning Opportunities Before the End of 2010
On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthori­zation, and Job Creation Act of 2010 (the "Act") which, among other things, temporarily reforms the Federal Estate, Gift and Generation-Skipping Transfer ("GST").
United States
21 Dec 2010
Riding into the Sunset…Year-Ending Planning for the "New" Federal Estate Tax
This year has been full of surprises in the estate planning world. One surprise few would have predicted is that there would be no federal estate tax this year.
United States
19 Oct 2010
Pennsylvania and Philadelphia Tax Amnesty-April to June 2010
The Pennsylvania Department of Revenue (DOR) has issued guidelines for the Tax Amnesty Program created in Pennsylvania's 2009-2010 budget.
United States
16 Apr 2010
Grantor Retained Annuity Trusts ("GRATS") — A Great Technique Faces An Uncertain Fate
The window may be closing rapidly on one of the most popular—and effective—estate planning techniques—the GRAT.
United States
30 Mar 2010
The One-Year Repeal Of The Estate Tax: Is It Time To Review Your Estate Plan? (Part 1 Of 2)
In our last Private Client Alert, published in January, we reported on the repeal of the Federal estate and generation-skipping transfer ("GST") taxes effective January 1, 2010.
United States
8 Mar 2010
The One-Year Repeal Of The Estate Tax: Is It Time To Review Your Estate Plan? (Part 1 Of 2)
In our last Private Client Alert, published in January, we reported on the repeal of the Federal estate and generation-skipping transfer ("GST") taxes effective January 1, 2010. Prior to that date, each tax was imposed separately at a 45% marginal tax rate, with an exemption of $3.5 million ($7 million for a married couple).
United States
4 Mar 2010
IRS Response To President Obama’s New Initiative Regarding Retirement Savings
The Internal Revenue Service (“IRS”) has followed up on President Obama’s Saturday afternoon call for more opportunities to save for a “rainy day”.
United States
21 Sep 2009
Internal Revenue Service Extends FBAR Filing Deadline For Certain U.S. Persons Until June 30, 2010
On August 7, 2009, the Internal Revenue Service (the “Service”) issued Notice 2009-62, which extends the deadline for filing Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts, or “FBAR”) from September 23, 2009 to June 30, 2010 for two groups of U.S. persons for 2008 and prior calendar years.
United States
24 Aug 2009
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