Through the years, the US Tax Court has provided significant clarification on the gift tax consequences of terminating qualified terminable interest property (QTIP) trusts. Two new cases in 2024, Estate of Sally J. Anenberg...more
12/4/2024
/ Estate Planning ,
Estate Tax ,
Gift Tax ,
Internal Revenue Code (IRC) ,
IRS ,
QTIP Trusts ,
Surviving Spouse ,
Tax Court ,
Termination ,
Transfer of Assets ,
Treasury Regulations ,
Trust Distributions ,
Trusts
The Internal Revenue Service (IRS) has begun the process of informing over 70,000 taxpayers that their confidential tax information was leaked in a widespread breach by a former IRS contractor. Those impacted should take...more
5/14/2024
/ Confidential Information ,
Criminal Prosecution ,
Data Breach ,
Data Protection ,
Disclosure ,
Federal Breach Notification Standard ,
Identity Protection Services ,
Identity Theft ,
Income Taxes ,
IRS ,
Personally Identifiable Information ,
Popular ,
Statutory Damages ,
Tax Returns