Marvin Kirsner, a shareholder at Greenberg Traurig, is quoted in a The Wall Street Journal article titled, “Crack and Pack: How Companies Are Mastering the New Tax Code.” In the
Continue Reading Greenberg Traurig’s Marvin Kirsner Quoted in The Wall Street Journal
Greenberg Traurig’s James Lang Quoted in Family Wealth Report
James Lang, a shareholder at Greenberg Traurig, is quoted in a Family Wealth Report article titled, “Muni Bonds And Tax Breaks – Old, New Forces In Impact Investing.” In the
Continue Reading Greenberg Traurig’s James Lang Quoted in Family Wealth Report
IRS Announces April 2018 Applicable Federal Rates and 7520 Rates
The Internal Revenue Service (IRS) publishes a monthly update to the applicable federal rates (AFRs) and 7520 rates.
Planning professionals and their clients should take note
Continue Reading IRS Announces April 2018 Applicable Federal Rates and 7520 Rates
Greenberg Traurig’s Marvin Kirsner Featured in Law360
Marvin Kirsner, a shareholder at Greenberg Traurig, authored an article, “How Settling With The Gov’t Is Costlier Under New Tax Law.” In the Law360 article, Kirsner discusses the provisions of
Continue Reading Greenberg Traurig’s Marvin Kirsner Featured in Law360
Greenberg Traurig Will Sponsor and Host Washington Women’s Leadership Initiative (WWLI) Event
On March 7, 2018, Greenberg Traurig’s Northern Virginia office will host the WWLI event featuring Dr. Sachiko Kuno, the founder and visionary creative behind Halcyon House. Dr. Kuno will share
Continue Reading Greenberg Traurig Will Sponsor and Host Washington Women’s Leadership Initiative (WWLI) Event
IRS Announces March 2018 Applicable Federal Rates and 7520 Rates
The Internal Revenue Service (IRS) publishes a monthly update to the applicable federal rates (AFRs) and 7520 rates.
Planning professionals and their clients should take note
Continue Reading IRS Announces March 2018 Applicable Federal Rates and 7520 Rates
IRS Announces February 2018 Applicable Federal Rates and 7520 Rates
The Internal Revenue Service (IRS) publishes a monthly update to the applicable federal rates (AFRs) and 7520 rates.
Planning professionals and their clients should take note
Continue Reading IRS Announces February 2018 Applicable Federal Rates and 7520 Rates
Greenberg Traurig’s Jonathan Forster Featured in Private Wealth Magazine
Jonathan M. Forster, a shareholder at Greenberg Traurig, authored an article, “Wealth Transfer Planning Post-Tax Reform – It’s A Brave New World.” In the Private Wealth Magazine article, Forster
Continue Reading Greenberg Traurig’s Jonathan Forster Featured in Private Wealth Magazine
Greenberg Traurig’s Tax Team Wishes Our Clients and Colleagues Happy Holidays and a Happy New Year
Greenberg Traurig’s Tax team thanks our clients, colleagues and fellow industry members for a successful 2017 and looks forward to the new year ahead.
IRS Announces January 2018 Applicable Federal Rates and 7520 Rates
The Internal Revenue Service (IRS) publishes a monthly update to the applicable federal rates (AFRs) and 7520 rates.
Planning professionals and their clients should take note of fluctuations in these rates and be mindful of planning opportunities that come with rate changes.
The AFR is calculated by the IRS under Section 1274(d) of the Internal Revenue Code (the Code) and is used for many purposes. One of its most common applications is to establish the minimum interest rate that can be charged on an intra-family loan without income or gift tax consequences. These “safe harbor rates” are dependent upon two factors: (i) the term of the loan and (ii) the frequency of compounding of interest.
For these purposes:
- Demand notes and notes with a term of three years or less are considered short-term obligations,
- Notes with a term of more than three years but less than nine years are considered mid-term obligations, and
- Notes with a term of more than nine years are considered long-term obligations.
Continue Reading IRS Announces January 2018 Applicable Federal Rates and 7520 Rates