(Due to Copyright Restrictions, LISI is not able to provide Reprints of these articles)
On Second Thought
Caren Chesler - Private Wealth
New Regulations on Type III Supporting Organizations Flesh Out Complex Requirements
Richard S. Gallagher, Lynette M. Zigman, and Jason J. Kohout - Journal of Taxation
Portability or No: The Death of the Credit-Shelter Trust?
Jonathan G. Blattmachr, Austin W. Bramwell, and Diana S.C. Zeydel - Journal of Taxation
Applying the New Net Investment Income Tax to Trusts and Estates
John M. Nuckolls, Michael Campbell, and Jaclyn Jang - The Tax Adviser
Using Remainder Purchase Marital Trusts to Transfer Works of Art
Michael Duffy - Probate & Property
Quick Take: Power Trust as Alternative to Domestic Asset Protection Trust -- 3/15/2013
Special Report: Summaries from the 2013 Heckerling Institute -- 1/14/2013
Using Grantor's SSN for an Irrevocable Grantor Trust -- 12/27/2012
Quick Take: Searching for Flexible Loan Calculation Software -- 11-1-2012
Online Trust Drafting Service: LegalZoom on Steroids -- 10/26/2012
International Topic Index -- IRS
The topic index on this page is specifically designed for taxpayers with international filing requirements.
AICPA Recommends Changes to Proposed Net Investment Income
Writing in response to a request for comments on proposed regulations dealing with the Net Investment Income Tax, Jeffrey A. Porter from AICPA recommends that Treasury 1) exclude pooled income funds from taxes on net investment income; and 2) provide that NII of charitable remainder trusts are treated in accordance with section 664(b) and section 1.664-1(d)(1)(ii)(b) and not treated as distributed first to the annuity or unitrust recipient unless so required under the current statutory and regulatory provisions. Published on the Planned Giving Design Center website.
New IRS Guidance Takes Restrictive View of Material Participation by Non-Grantor Trusts
Barnes & Thornburg analysis of TAM 201317010, holding that "a
fiduciary’s participation in the activities of a trust count only toward material participation to the extent the fiduciary participated in those activities in a fiduciary capacity."
Map of State Estate and Inheritance Taxes -- Tax Foundation
Map depicts status as of January 1, 2013.
IRS Exempt Organizations Colleges and Universities Compliance Project
This multi-year project, begun in 2008, included a questionnaire sent to 400 colleges and universities and the subsequent audits of 34 selected academic institutions. The final report focuses on the results of these examinations, especially in the areas of unrelated business income and executive compensation.