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A Primer on Annual Exclusion From Federal Gift Tax

The Legal Intelligencer

Friday, January 4, 2013

Each year, taxpayers have the opportunity to transfer assets free of gift taxes to their family members or other individuals by using their annual exclusions from the federal gift tax. As long as the gifts remain within the annual exclusion amounts, the value of the assets gifted will not reduce any remaining portion of a taxpayer's exemption from federal gift and estate tax.

Solving the Unfunded Pension Puzzle for Law Firms

The Legal Intelligencer

Friday, April 6, 2012

Recent news reports have brought attention to a problem faced by many law firms, satisfying the promises made to retired partners, present and future, through unfunded pension plans.

Portability of the Applicable Exclusion Not as Beneficial as One May Think

The Legal Intelligencer

Tuesday, February 21, 2012

In December 2010, Congress passed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.

Nonprofit Governance: New Standards Require More Detailed Oversight

The Legal Intelligencer

Thursday, February 26, 2009

Nonprofit organizations that are tax exempt under the Internal Revenue Code enjoy a privileged position within the federal tax system. Contributions to such organizations are deductible for federal income tax purposes within certain limits.

Required Minimum Distributions: 2009 Changes

The Legal Intelligencer

Thursday, January 29, 2009

A significant change has been made in the rules for required minimum distributions from retirement plans, and these changes can be helpful in the wealth and income planning process for many people.

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