Tax Court

• 

  The Value of Variable Life Insurance: Surrender Charges and Fair Market Value

  By William H. Byrnes, Esq., Robert Bloink, Esq., LL.M.  |  May 28, 2013

  According to the IRS, the policy value equals the cash value of the policy without regard to any surrender charges. So what do your clients have to include in income if the actual cash surrender value of their life insurance policy is negative?

• 

  Charitable Giving and Taxes: Determining a Property’s Fair Market Value

  By Tax Facts Online  |  March 22, 2013

  The experts at Tax Facts Online on how the fair market value of a property donation is determined.

• 

  IRAs and Taxes, Pt. 1: When Are IRA Funds Taxed?

  By Tax Facts Online  |  March 19, 2013

  The experts from Tax Facts Online on the tax treatment of individual retirement accounts.

• 

  Charitable Giving

  By Tax Facts Online  |  March 4, 2013

  Charitable giving can reduce your clients’ tax liabilities. However, the general and verification rules for the deduction of charitable gifts must be understood in order to take full tax advantage of such gifts.

• 

  Smart Tax Planning Now: 20 Days of Tax Planning Advice for 2013

  By James J. Green, AdvisorOne  |  March 1, 2013

  For the third year in a row, we present tax planning advice throughout the month of March to help you, and your clients, deal with tax season.

• 

  IRS Takes Out NFL ‘Hit Man’ Bill Romanowski

  By John Sullivan, AdvisorOne  |  February 22, 2013

  Former NFL linebacker Bill Romanowski was on the losing end of a $4.75 million IRS judgment over horse-breeding expenses.

• 

  Leave an Employer, Roll Over Into an IRA and Then Early Withdraw? No Exception, Court Rules

  By Richard Niles, J.D., Senior Editor, Tax Facts Online  |  July 13, 2012

  Appeals court upholds an early distribution penalty for a taxpayer who withdrew money from a rollover IRA.

• 

  Will Wandry Forever Eliminate IRS Valuation Arguments?

  By William H. Byrnes, Esq., Robert Bloink, Esq., LL.M.  |  May 10, 2012

  Valuing minority interests in a family-owned business can present a significant challenge to owners looking to take advantage of today’s high gift tax exclusion.

• 

  Long-Lost Insurance Policy Returns to Bite Couple

  By Robert Bloink, Esq., LL.M., William H. Byrnes, Esq.  |  February 10, 2012

  Is there any harm in walking away from a policy without receiving confirmation that the policy was canceled by the carrier?

• 

  Court OKs Crummy Crummey Powers

  By William H. Byrnes, Esq., Robert Bloink, Esq., LL.M.  |  October 14, 2011

  Although this taxpayer came out unscathed, proper Crummey gifting remains an essential aspect of life insurance trust administration.