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.
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.
The Legal Intelligencer
Tuesday, February 21, 2012
In December 2010, Congress passed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.
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.
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.