Major (But Temporary) Changes Just Made to the Estate Tax, Gift Tax, and Generation-Skipping Transfer Tax Laws

Posted on Monday, December 20, 2010

Just past midnight on December 17, 2010, the federal House of Representatives voted to pass “The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” (the “2010 Act”). This bill, which was the result of negotiations between the… read on

 

Government Is Cracking Down On Claims of “Independent Contractor” Status

Posted on Wednesday, February 24, 2010

Many individuals work for others under the assumption that they qualify as “independent contractors,” rather than employees. Since many of the rules which apply with regard to employees do not apply to independent contractors (such as federal and state income… read on

 

Gifts to Irrevocable Trusts Which Are Intended to Be Fully Exempt from the Generation-Skipping Transfer Tax May Best Be Avoided in 2010

Posted on Friday, February 5, 2010

As of January 1, 2010, the federal estate, gift, and generation-skipping transfer (“GST”) tax laws changed significantly. One aspect of these changes has the potential to create havoc for people who have previously created irrevocable trusts which were intended to… read on

 

New Alert: As of January 1, 2010, the Federal Estate and GST Taxes Were Repealed – What Does This Mean For Your Estate Planning?

Posted on Friday, January 15, 2010

As you may be aware, as of January 1, 2010, the federal estate and generation-skipping transfer (“GST”) taxes were repealed for one year, under a law originally put into effect in 2001.  While the federal gift tax was retained, it… read on

 

News Alert: Government Is Cracking Down On Claims of “Independent Contractor” Status

Posted on Friday, February 20, 2009

Many individuals work for others under the assumption that they qualify as “independent contractors,” rather than employees.  Since many of the rules which apply with regard to employees do not apply to independent contractors (such as federal and state income… read on