Insights

Blog

New “Consistent Basis” Rule for Estate Assets

What Taxpayers Need to Know About the New "Consistent Basis" Rule for Estate Assets With recent... more
January 12, 2016
Blog

The Intricacies of Charitable Contributions

This article was co-authored by Richard Lee. Generally, charitable contributions of... more
January 20, 2017
  • By:
  • Aronson
Blog

Gift Tax Returns and Adequate Disclosure

Filing a gift tax return may seem like a costly hassle, but it’s important to do it right. A... more
September 2, 2015
  • By:
  • Aronson
Blog

New IRA Distribution Rule

As we rang in 2020,  the Setting Every Community Up for Retirement Enhancement Act of 2019,... more
January 20, 2020
Blog

Maximize Use of the 2012 Gift Tax Exemption: A “Defined Value” Formula Clause Approach

For 2012, the cumulative lifetime gift tax exemption is $5.12 million per person ($10.24M for... more
June 18, 2012
Blog

New Private Foundation Tax Rate

The new year has brought us the Setting Every Community Up for Retirement Enhancement Act of 2019,... more
January 16, 2020
Blog

Related Entites; Who Gets the Deduction?

Taxpayer was allowed a deduction for a charitable contribution by a Related Entity - Assume that a... more
February 24, 2016
Blog

IRS Grants Extension until January 2018 to Make a Late Portability Election for Estates

The IRS recently issued guidance that allows certain estates to make a late portability election if... more
June 28, 2017
Blog

Will IRS “Claw Back” the Temporarily Increased Gift Tax Exemption?

The 2017 Tax Cuts and Jobs Act (Tax Act) increased the estate and gift tax exemption from $5M to... more
December 3, 2018
Blog

Proposed Regulations Would Significantly Impact Valuation Discounts for Estate Planning and Wealth Transfers

The IRS recently issued proposed regulations, which if finalized would negate the availability... more
August 9, 2016
Blog

A Case Study in Succession Planning

Succession planning for a closely-held business has many potential pitfalls, including:... more
August 19, 2014
Blog

Tax Alert: Saving the 3.8% Surtax on Trust Net Investment Income

As is the case for individuals, complex trusts (i.e., a trust other than a grantor trust or... more
January 5, 2014