by Arthur Geffen | Sep 9, 2015 | IRS, Tax
IS THIS GOING TO BE A PROBLEM FOR YOU AND YOUR ESTATE? PROBABLY NOT! Owe $100 million or more to the Internal Revenue Service (IRS)? Better write that check now. The latest edition of the Internal Revenue Bulletin, Bulletin No. 2015–36, dated, September 7, 2015,...
by Arthur Geffen | Aug 25, 2015 | Discount
IRS regulations anticipated for release as early as this September may further restrict valuation discounts. The exact scope of the regulations is unknown, but the regulations will likely make it more difficult for taxpayers to discount the value of family...
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 | Aug 17, 2015 | Misc
Although it’s fun to think that some congressman pushed a law banning donkeys from bathtubs, most “weird laws” you find online are complete fantasy. But there is certainly an odd collection of US legislation still on the books, so we decided...
by Arthur Geffen | Aug 12, 2015 | Dallas Probate Lawyer
The laws addressing the basis of property acquired from a decedent were revised on July 31, 2015. Generally, property acquired from a decedent receives a basis equal to its fair market value at the decedent’s date of death, or if elected, the alternate valuation date....
