by Arthur Geffen | Jun 8, 2015 | Tax Planning
As business cycles go, this is a great time to sell a family-owned business to the family. In particular, parents can lend money to their children for the purchase of the business at an incredibly low interest rate without incurring gift tax implications. The...
by Arthur Geffen | May 19, 2015 | Income Tax
The U.S. Supreme Court held in a 5–4 decision on Monday that the personal income tax system imposed by the state of Maryland, which did not give taxpayers a credit against their county income tax for taxes paid to other states, violates the dormant Commerce...
by Arthur Geffen | Apr 24, 2015 | Estate Planning
If you don’t have a will, you’re not alone. You’re actually in the company of the majority of adult Americans and some decidedly wealthy deceased celebrities — a Supreme Court Justice, a rock star and even a princess among them. Chief Justice Warren Burger,...
by Arthur Geffen | Apr 16, 2015 | Estate Tax
The U.S. House voted to repeal the 99-year-old U.S. estate tax amid a partisan clash over whether the government should break up concentrated wealth or make it easier to pass along assets to the next generation. The House passed the bill 240-179 Thursday. The...
