The Qualified Personal Residence Trust, or QPRT, became popular a couple of decades ago as a way to save gift …
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Winding Up A Qualified Personal Resident Trust
Tag Archives: Tax Issues (Sentinel)
Estate Planning In An Uncertain Environment
A few years ago, I was working with a client, a retired executive, to update his estate plan. Like most …
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Tax Changes In 2012
As you complete your 2011 tax return checklist, you may not have considered the last step: thinking about your 2012 …
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No Interest In Foreign Accounts
The IRS has been aggressive recently in pursuing tax cheats who have hidden assets in offshore accounts. Penalties for not …
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Capital Gains Planning Strategies
Capital gains tax rates are at historic lows, but they are in the political crosshairs. It’s a good idea to take advantage of planning strategies now.
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Avoiding The Partnership Technical Termination Trap
Some families have been pleased about using partnership interests for wealth transfer during the recent market lows. Unfortunately, a few have been met with unwelcome surprises — five-figure bills penalizing the partnerships for filing late tax returns.
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Tips On Surviving A Tax Audit
I had just left our Scarsdale, N.Y., headquarters on a business trip a couple of years ago when an Internal …
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Here Is What Happens If You Are Audited
Being well informed is the best way to ease the anxiety that comes with a letter from the Internal Revenue …
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2011 Tax Changes: Facts, Opportunities And Lessons
Amid widespread concern about 2011 tax increases, Congress surprised taxpayers in late December by actually reducing taxes for the next …
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Don’t Let A ‘Crummey’ Mistake Ruin Your Trust
Imagine paying your attorney a small fortune to draft your trust documents, only to have the Internal Revenue Service attack …
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