Having grown up listening to and memorizing every Beatles song, I was deeply saddened by the death of George Harrison. His musical and social contributions will remain indelibly etched in the culture of this country. So why is it that an estate tax attorney chooses to write about Rock ‘n’ Roll?
Shortly after George Harrison’s death, I was reminded of a song he wrote in 1966 entitled “Taxman.” The lyrics are scathing, but true. And […]
Tis the season for charitable giving.
First, in order to claim a deduction for a contribution to a qualified charitable organization, a taxpayer must itemize deductions. Second, the contribution must be a contribution of money or property made to a qualified organization. Third, the contribution must be paid before the close of the tax year in order to be deductible.
The 2018 increase in standard tax deductions ($12,000 for an individual/married filing separately, $18,000 for a […]
On September 13, 2018, the U.S. Department of the Treasury and Internal Revenue Service issued proposed guidance concerning how the federal tax overhaul’s global minimum tax on intangible income held offshore by U.S. corporations will work. Under the new law, a U.S. taxpayer owning at least 10 percent of the value or voting rights in one or more controlled foreign corporations (CFCs) is required to include its global intangible low-taxed income (GILTI) as currently […]