The applicable federal rates (AFRs) under Internal Revenue Code (Code) Section 1274(d) and the Code Section 7520 rate (7520 rate) for a particular month
Continue Reading Applicable Federal Rates and Code Section 7520 Rate for January 2019 – Generally Trending Down
Gifts
Federal Individual Gift, Estate, and GST Exemptions Increase to $11.4 Million in 2019
By Michelle L. Soto on
IRS announces the 2019 inflation-adjusted figures for gift and estate tax exemption amounts.
The federal gift, estate, and GST exemption amount ( the exemption amount) is the total amount…
Continue Reading Federal Individual Gift, Estate, and GST Exemptions Increase to $11.4 Million in 2019
Applicable Federal Rates and Code Section 7520 Rate for November 2018 – Trending Up
The applicable federal rates (AFRs) under Internal Revenue Code (Code) Section 1274(d) and the Code Section 7520 rate (7520 rate) for a particular month…
Continue Reading Applicable Federal Rates and Code Section 7520 Rate for November 2018 – Trending Up
Applicable Federal Rates and Code Section 7520 Rate for September 2018 – Trending Up Again
The applicable federal rates (AFRs) under Internal Revenue Code (Code) Section 1274(d) and Code Section 7520 rate (7520 rate) for a particular month are published by the Internal Revenue Service…
Continue Reading Applicable Federal Rates and Code Section 7520 Rate for September 2018 – Trending Up Again
Tis the Season: Holiday Gifting Without Gift-Tax Pains
By Victoria Jobe* on
Posted in Estate Tax, Gifts
Many individuals give gifts to family, friends, and charities during the holiday season. Knowing the tax rules applicable to gifts will ease the process and enhance the joy of gifting.
Continue Reading Tis the Season: Holiday Gifting Without Gift-Tax Pains
IRS Temporarily Halts PLRs on Certain GST Tax Issues
By Michelle L. Soto on
On March 3, 2017, Melissa C. Liquerman, a branch chief for the IRS Office of Chief Counsel, announced at the Federal Bar Association Tax Law Conference that, due to “budget…
Continue Reading IRS Temporarily Halts PLRs on Certain GST Tax Issues
Thinking of Expatriating? You May Be Leaving More Behind Than You Expected
By Karen D. Yardley & Michelle L. Soto on
U.S. citizens and long-term permanent residents who are considering relinquishing their U.S. citizenship or long-term permanent residency in the U.S. have more than just the exit tax imposed under Code…
Continue Reading Thinking of Expatriating? You May Be Leaving More Behind Than You Expected