Missives

Intra-family loans that use the AFR rate of interest is a great way to shift wealth gift tax-free. Intra-family loans can also be made interest-free, but then that causes a taxable gift to be made.

Charitable giving through donor advised funds (DAFs) is on the rise.

Dying with a large balance in a heath savings account can create a heavy income tax burden if the beneficiary of that inherited health savings account is not the deceased account owner’s spouse.

With the advent of the Corporate Transparency Act, many statutory business trusts will likely have to disclose their beneficial interest owners.

A gift of cryptocurrency to a charity in excess of $5,000 must be accompanied by a qualified appraisal.

Converting an excess (or unused) IRC 529 account balance to a Roth IRA appears to be a nice, new, opportunity for the owner-beneficiaries of 529 accounts.

The Tax Court strikes again to deny a charitable income tax deduction because the donor failed to provide a contemporaneous written acknowledgement that no goods or services were provided by the charity to the donor.

In light of the ambiguity of how income is defined by federal courts when it comes to the right to tax income under the 16th Amendment, an expansive interpretation of income might actually be viewed as a taxation of accumulated wealth.

It is important to follow the terms and specified procedures of a trust instrument if the trust is to be amended by its settlor.

There is currently a reluctant trend among the states if a state’s general arbitration statute can be applied to probate litigation disputes with regard to Wills and Trusts.