In 2021, we blogged about a valuation case, Connelly v. U.S., 20 F. 4th 412 (8th Cir. 2023). We noted…
On November 28, 2023, the IRS Office of Chief Counsel published a memorandum addressing whether modification of a grantor trust…
Each year statutory provisions require the IRS to adjust tax rates based on inflation. Although we're a bit tardy posting…
In a case to be argued on December 5, 2023, Moore v. United States, the question presented is whether the…
In Notice 2023-54, the IRS granted relief to individuals and retirement plans from taking required minimum distributions in 2023. This…
Until recently, the IRS has said little (if anything) regarding whether assets the beneficiary of an irrevocable trust receives get…
There are several steps in setting up a tax exempt organization. We're reviewing them here. However, this post is not…
On June 12, 2023, the Tennessee Court of Appeals (Knoxville) upheld a settlement agreement requiring the recipient of funds in…
The following is a mishmash of information on various Elder Law, Special Needs Law, and Estate Planning issues. It also…
On June 1, 2023, the IRS issued Tax Tip 2023-75. There, the IRS explained: When banks, credit unions, businesses and…