Newsletters

Sandra Glazier on Estate of Mary P. Bolles v. Commissioner: Loan, Gift and/or Advancement Steve Leimberg's Estate Planning Newsletter Issue:2814    11-Aug-20

Alan S. Gassman, Jerome B. Hesch & Martin B. Shenkman on the Biden 2-Step for Wealthy Families: Why Affluent Families Should Immediately Sell Assets to Irrevocable Trusts for Promissory Notes Before Year-End and Forgive the Notes If Joe Biden Is Elected, A/K/A What You May Not Know About Valuing Promissory Notes and Using Lifetime Q-Tip Trusts Steve Leimberg's Estate Planning Newsletter Issue:2813    10-Aug-20

Finance 8.8.2020 Bob LeClair's Finance and Markets Newsletter Issue:1063    09-Aug-20

Steve Leimberg - Review of Planning for Ownership and Inheritance of Pension and IRA Accounts and Benefits in Trust or Otherwise After the Secure Act: The Estate Planner's IRA/Pension Planning Guide Steve Leimberg's Estate Planning Newsletter Issue:2812    07-Aug-20

Michael Geeraerts & Jim Magner on the Bolles and Kroner Cases - Is It a Gift, a Loan, or Taxable Income Steve Leimberg's Estate Planning Newsletter Issue:2811    06-Aug-20

Jeff Baskies: Some Dos and Don'ts If You are Planning with Your Clients' Florida Homesteads in 2020 Steve Leimberg's Asset Protection Planning Newsletter Issue:409    05-Aug-20

Actual Text

VHC Inc. v. Commissioner, No. 18-3717, No. 18-3718 (6 August 2020) Denial of Bad Debt Deductions Affirmed by 7th Circuit
updated:10-Aug-20

PLR 202032009 (13 May 2020) IRS Grants Waiver of 60-day IRA Rollover Requirement
updated:10-Aug-20

PLR 202032010 (13 May 2020) IRS Waives Rollover REquirment for IRA Distribution
updated:10-Aug-20

T.D. 9907 (7 August 2020) IRS Issues Final Regs. on Treatment of Payments to Charitable Entities in Return for Consideration
updated:10-Aug-20

H.R. _____ Make Billionaires Pay Act (7 August 2020)
updated:10-Aug-20

Robert A. Connell v. Commissioner, No. 19-2668 (6 August 2020) Debt Is Ordinary Income, Not Capital Gains
updated:07-Aug-20

Instant Audio and Podcasts

60 Second Planner

Executive Action Deferring Payroll Taxes
updated:10-Aug-20

Seril -- Income Tax and Penalty on Early Withdrawal from IRA
updated:07-Aug-20

SBA Issues PPP Loan Forgiveness FAQs
updated:04-Aug-20

Podcasts

Keebler and Blattmachr on the Basis of IDGT Assets at Death
updated:25-Jul-20

Video Podcast: Keebler and Shenkman on the PPP Flexibility Act
updated:05-Jun-20

Bob Keebler and Chris Hesse on IRC Section 461(l) and the CARES Act
updated:16-May-20

Bob Keebler and Mark Fichtenbaum: Tax Planning in a Volatile Market with Low Interest Rates
updated:06-May-20

Keebler on Roth Conversions in a Volatile Market
updated:25-Apr-20

Bob Keebler and Ed Slott on RMDs Under the CARES Act
updated:15-Apr-20

Bob Keebler and Jason Early on the Cavallaro Case
updated:19-Mar-20

Bob Keebler and Lyle Benson: Planning Techniques that Work Well in a Volatile Market
updated:03-Mar-20

BlogWatch

Trusts as IRA Beneficiaries Add Complications
10-Aug-20

Questions Raised by the Payroll Tax Executive Order
10-Aug-20

IRS Sends Second Wave Of Soft Letter Warnings To Certain Captive Owners For Abusive Microcaptive Transactions
09-Aug-20

Executive Order to Defer Withholding and Payment of Employee OASDI FICA Taxes
09-Aug-20

Trump Extends Student Loan Relief Provisions Through the End of the Year
09-Aug-20

Final Regulations Issued on Treatment of Certain Charitable Contributions as Business Expenses and State Tax Credit Issues Related to Charitable Contributions
07-Aug-20

Sign up for Medicare Part B Online, by Fax or Mail
06-Aug-20

Need A Loan? Tax Rules Now Let You Borrow From Family At Ultra Low Interest Rates
06-Aug-20

Using A Family Dynasty 529 Plan For Multigenerational College Planning
05-Aug-20

Journals
(Due to Copyright Restrictions, LISI is not able to provide Reprints of these articles)

The Uniform Basis Rules and Terminating Interests in Trusts Early
Lad Boyle Howard M .Zaritsky and Ryan Wallace - Real Property, Trust, and Estate Law Journal

BDIT 2701: Avoiding Section 2701 By Selling Carried Interest Directly To Beneficiary Defective Inheritor's Trust
Joe Higgins and Angelo F. Tiesi - Estate Planning

Trusts In Wealth Preservation—Not Only For The Super Rich
Louis A. Silverman - Estate Planning

Why Billionaires Acquire Life Insurance
Richard L. Hartmann - Estate Planning

IRS Issues New Guidance on Tax Treatment of Cryptocurrencies
Roger W. Dorsey, Kyleen Prewett and Gaurav Kumar - Estate Planning

Web Links

Guides for Court-Appointed Guardians -- CFPB
From the Consumer Financial Protection Bureau, Managing Someone Else's Money guides for those appointed by a court to be guardians of property or conservators, giving them the duty and the power to make financial decisions on someone’s behalf. National guides in English and Spanish and six state-specific guides.

Update to Where-To-File Address for Form 8971 -- IRS
Updated as of August 6, 2020.

Akers ACTEC 2020 Annual Meeting Musings -- Bessemer Trust
Various seminars at the ACTEC 2020 Annual Meeting are summarized. Topics include: litigation issues, DNA testing effects, SECURE Act, pre-mortem probate, UPMIFA, well-being for planners, unconscious bias, foreign person as trustee, transfer planning, attacks on privacy by collection of personal information, and hot topics.

Form 1127 Filing Address To Request Extension of Form 709 Gift Tax Payment Has Been Updated -- IRS
This announcement supplies a new address replacing the filing address on page 3 of Form 1127 (Rev. December 2011) for Form 1127 when the tax due is a gift tax reportable on Form 709.

Help for Agents Under a Power of Attorney -- CFPB
To help people (including family members) with legal authority to handle an older person’s money, the Office contracted and worked closely with the American Bar Association Commission on Law and Aging to prepare this guide.