Newsletters

Chuck Rubin: IRS Is Proposing a User Fee for Estate Tax Closing Letter Steve Leimberg's Estate Planning Newsletter Issue:2853    14-Jan-21

Nathan Perlmutter, Michael Geeraerts & Jim Magner: ILIT Exoneration Clause Didn't Release Trustee from Ordinary Negligence Steve Leimberg's Estate Planning Newsletter Issue:2852    12-Jan-21

Robert Samuelson: The 7702 Christmas Miracle Steve Leimberg's Financial Products Planning Newsletter Issue:21    11-Jan-21

Finance 1.9.2021 Bob LeClair's Finance and Markets Newsletter Issue:1085    10-Jan-21

Alexander A. Bove Jr. & Melissa Langa: And the Nominees Are... Steve Leimberg's Estate Planning Newsletter Issue:2851    07-Jan-21

Christopher Denicolo: Nevis Business Tax Update Steve Leimberg's International Tax Planning Newsletter Issue:36    05-Jan-21

Actual Text

Rev. Proc. 2021-12, 2021-5 IRB 1 (14 January 2021) IRS Extends Safe Harbors for Investment Trusts in Light of COVID Pandemic
updated:15-Jan-21

Rev. Proc. 2021-11, 2021-5 IRB 1 (14 January 2021) IRS Provides Guidance Outlining W-2 Wage Calculation Methods
updated:15-Jan-21

T.D. 9946 (14 January 2021) Final Regs. on Denial of Deduction for Certain Fines, Penalties, and Other Amounts, Related Information Reporting Requirements
updated:15-Jan-21

T.D. 9947 (14 January 2021) IRS Final Regs. on Section 199A Rules for Cooperatives and their Patrons
updated:15-Jan-21

In re Estate of Horst Revocable Trust, 136 Nev., Advance Opinion 90 (31 December 2020) Nevada Supreme Court Finds Notice Failed to Bar Challenge to Trust Validity
updated:15-Jan-21

T.D. 9945 (13 January 2021) IRS Issues Final Carried Interest Regs. Under Section 1061
updated:14-Jan-21

Instant Audio and Podcasts

60 Second Planner

Nevada Supreme Court: Notice Failed to Bar Challenge to Trust Validity
updated:14-Jan-21

Mann v. U.S. -- No Deduction for Charitable Gift of House
updated:13-Jan-21

Rev, Rul. 2021-2 -- Deductibility of PPP Loan Expenses
updated:07-Jan-21

Podcasts

Bob Keebler, Mary O'Reilly, and Stephen Breitstone on the Grantor Retained Interest Partnership
updated:04-Dec-20

Bob Keebler and Paul Lee on Capital Gain Planning in 2020
updated:14-Nov-20

Keebler on 2020 Year-End Tax Planning
updated:13-Aug-20

Keebler and Blattmachr on the Basis of IDGT Assets at Death
updated:25-Jul-20

Video Podcast: Keebler and Shenkman on the PPP Flexibility Act
updated:05-Jun-20

Bob Keebler and Chris Hesse on IRC Section 461(l) and the CARES Act
updated:16-May-20

Bob Keebler and Mark Fichtenbaum: Tax Planning in a Volatile Market with Low Interest Rates
updated:06-May-20

Keebler on Roth Conversions in a Volatile Market
updated:25-Apr-20

BlogWatch

DOL Issues Guidance on Locating Missing Retirement Plan Participants
14-Jan-21

State Death Tax Hikes Loom: Where Not To Die In 2021
14-Jan-21

The New COVID-19 Relief Package
11-Jan-21

Proposed Reforms to Laws Governing DAFs
11-Jan-21

New COVID-19 Stimulus Law Does Not Extend CARES Act CRD Relief
11-Jan-21

Income Taxation of Damages for Patent Infringement
11-Jan-21

Good and Bad News on Farm PPP Loans
10-Jan-21

PPP Application Forms Released
10-Jan-21

Thirty Wealthy Colleges And Universities Are Targeted In Covid Relief Act
10-Jan-21

Journals
(Due to Copyright Restrictions, LISI is not able to provide Reprints of these articles)

A Safe Harbor in the Medicaid Adventure: Lady Bird and Transfer on Death Deeds
Gerry W. Beyer - ACTEC Law Journal

Trusts in Guardianship: Using “Family Freeze” Agreements to Resolve Disputes
Gerard G. Brew - ACTEC Law Journal

Changing Demographics, Elder Law, and Trusts and Estates
Naomi Cahn - ACTEC Law Journal

Serving the Greater Good: Ethical Considerations in Representation of the Older Population
Jeffrey L. Carson & Brook H. Lester - ACTEC Law Journal

Rethinking the Estate Planning Curriculum
Jeffrey A. Cooper - ACTEC Law Journal

Web Links

Directions of Reform: 2020 Adult Guardianship Legislation Summary -- ABA
From the American Bar Association Commission on Law and Aging, a summary of 22 enactments from 38 states as of December 31, 2020. PDF, 24 pp. January, 2021.

The Social Security Retirement Age -- CRS
This Congressional Research Service report, updated on January 8, 2021, describes how the retirement age is calculated and how it affects the amount of benefits. PDF, 28 pp.

2020 Annual Report of the Participant and Plan Sponsor Advocate -- PBGC
This statutorily required 2020 Annual Report discusses the activities of the Office of the Pension Benefit Guaranty Corporation (PBGC) Participant and Plan Sponsor Advocate (Office of the Advocate), and is submitted to the Health, Education, Labor and Pensions Committee of the Senate, the Committee on Finance of the Senate, the Committee on Education and Labor of the House of Representatives, and the Committee on Ways and Means of the House of Representatives no later than December 31 of each calendar year. In addition to describing participant and plan sponsor activities, this Report discusses the Office of the Advocate’s latest initiative, the Pension Plan Registry Project. PDF, 21 pp. 12/31/2020.

IRS Draft Tax Forms
From the IRS website, early release drafts of tax forms. Search by keyword or sort by date, title or form number.

Individual Retirement Account (IRA) Ownership: Data and Policy Issues -- CRS
This Congressional Research Service report provides background information on traditional and Roth IRAs, including a legislative history, description of assets in IRAs, and a discussion of IRA tax incentives and retirement savings. The report also analyzes policy issues and options related to IRA ownership, savings accumulation, leakages, and asset drawdown by using tabulations from the Internal Revenue Service Statistics of Income division and the Investment Company Institute data and analysis of the Federal Reserve’s Survey of Consumer Finances.