by Arthur Geffen | Jan 5, 2016 | Estate Tax
In contrast to the uncertainty of years past, 2013 through 2015 have been years of estate tax planning calm. 2016 will likely be the same. We are past the confusion of 2001 through 2012, when we were unsure if a new year meant the estate tax exemption was going...
by Arthur Geffen | Nov 10, 2015 | Estate Tax
A recent CNBC report suggests that several billion dollars of estate tax due from the estates of foreign decedents on investments in U.S. stock and real estate goes uncollected by the IRS every year. The report noted a large discrepancy between the amount...
by Arthur Geffen | Nov 2, 2015 | Estate Tax, Income Tax, IRD
If you are withdrawing funds from an inherited retirement account, you might be overlooking a sizable income-tax deduction. Officially called the estate-tax deduction, but better known as the IRD deduction (which stands for income in respect of a decedent), it...
by Arthur Geffen | Oct 30, 2015 | Estate Lawyer, Estate Planning, Estate Tax
Pretty interesting. The superrich are different from the very, very rich. For one thing, they own more art. Estate tax data recently released by the Internal Revenue Service show what the wealthiest Americans possess when they die—and where the money goes. First, a...
by Arthur Geffen | Aug 25, 2015 | Estate Tax
Tom Clancy’s widow has scored a legal victory in a long-running dispute over who should foot the hefty taxes on the best-selling author’s $86 million estate, which largely comes from a minority share of the Baltimore Orioles and includes a rare World War II...
by Arthur Geffen | Jul 13, 2015 | Estate Tax
Whether or not you agree that equality is a core American Value, the following is interesting. Instead, it’s the nation’s richest families with the most to gain from repealing the tax. Just nine families could dodge $25.7 billion in taxes, and perhaps as much as $54.7...
