The Value of Worthlessness – Non-Business Bad Debt Deductions for Intra-Family Loans – To see the full article, please click the link below. The Value of Worthlessness – Non-Business Bad Debt Deductions for Intra-Family Loans
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Gift and Estate Reduction Technique – Time May Be Running Out We want to bring to your attention a potentially dramatic change in the rules regarding the valuation of interests in LLCs, partnerships and certain other privately held entities, wh…
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Applying the OID Rules to an Intra-Family Promissory Note – To see the full article, please check out the link below. Applying the OID rules to an intra-family promissory note
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Strauss & Malk LLP is proud to have 6 Super Lawyers in the firm in 2016. The distinction of Super Lawyer is earned through a rigorous selection process involving peer nominations, review and independent research. The following attorneys can now s…
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To Be or Not To Be the Executor/Trustee – A loved one has designated you as the person they want to be the steward for the family. Is this really an honor? Are you setting yourself for failure – being dues, or worse, hated by the family.…
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Your Agent under your durable Power of Attorney for Property may be liable for penalties for not filing a Foreign Bank and Financial Accounts Report (“FBAR”) for your foreign accounts. If you have an interest in a foreign account, you know that y…
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This article summarizes a stock option strategy within a Grantor Retained Annuity Trust (GRAT). While the contents of this article were originally prepared in May 2004 when the §7520 hurdle rate that is necessary for the GRAT to be successful was 3.…
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Because of a recent development in the law, an old technique is now more valuable for estate tax reduction planning. This technique is a grantor retained annuity trust (“GRAT”) established in such a manor that the gift has little or no value for…
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In January 2002 the IRS issued a brief Notice outlining new tax rules for the taxation of Split-Dollar Plans. The Notice followed earlier attempts by the IRS to modify the Split-Dollar rules. The rules published in the Notice were a departure from th…
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