California To Revive Its Estate Tax?
Written by Joseph Zimmerl: With the election of President Trump comes discussion of the repeal of the Federal estate tax. While this law is widely discussed and debated it only [...]
What You Didn’t Know About Dr. King and Taxes
Today, as we commemorate the life of Dr. Martin Luther King, Jr., it might be helpful to take a trip down memory lane. In particular, as a tax attorney I [...]
My Response to the Bernie Sanders Tax Proposal
The other day, Senator Bernie Sanders released a one-page informational sheet which charges that it will close the tax "loopholes" used by the mega-wealthy. The release was pretty bare-boned and [...]
Are Trump’s HUUUGE Losses Real?
If there was something I never saw coming, it was the hand-wringing and TV pundit analys of the relatively common use of Net Operating Losses--albeit by Donald Trump. To all [...]
Hillary Clinton Proposes 65% Estate Tax
Hillary Clinton took Senator Bernie Sanders' lead by proposing a change to the estate tax rules that would add three new tax bracket on the largest estates. Under her proposal, [...]
IRS Proposes New Regs To Limit FLP Discounts
On August 4, 2016, the IRS issued proposed regulations that would greatly reduce estate and gift tax valuation discounts that estate planners have used for years to reduce the value [...]