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Taxation

Taxation and Trusts & Estates Elite Advisor Forum: GRATs: Time Is Running Out

Burton Mitchell‘s article titled “GRATs: Time Is Running Out” was published in the Elite Advisor Forum. To view this article as a pdf, click here. “By transferring appreciating assets to a GRAT, individuals may transfer those assets free of gift or estate taxes, provided the grantor outlives the GRAT annuity term and the transferred assets […]

Intellectual Property, Litigation, Patent Litigation Group and Taxation Patent Holders: Do Not Forget Taxes

Patent Holders: Do Not Forget Taxes JMBM attorney Stan Gibson discusses… What patent holders and inventors need to know before licensing, acquiring, or settling a lawsuit involving intellectual property There are complex tax issues surrounding the licensing of intellectual property and the settlement of lawsuits regarding intellectual property. Therefore, the tax issues impacting a particular […]

Taxation and Trusts & Estates 2010: "Repeal" of the Federal Estate Tax

2010: "Repeal" of the Federal Estate Tax The Economic Growth and Tax Relief Reconciliation Act of 2001 (the "2001 Act") made headlines at the time of its passage because it contained provisions that would repeal the estate tax and the generation-skipping transfer ("GST") tax. The truth is that the 2001 Act replaces the federal estate […]

Taxation JMBM Focus: ALERT: UBS and Offshore Account Reporting Amnesty

OFFSHORE ACCOUNT AMNESTY PROGRAM UBS has agreed to give the IRS a list of more than 4,450 names of U.S. persons with UBS Swiss bank accounts. Whether or not your name appears on the UBS list, if you had an unreported offshore account (with UBS or otherwise) at any time during the past six years, […]

Taxation and Trusts & Estates JMBM Tax Newsletter: JMBM's Trust And Estate Litigation Group

Disputes can often arise in the administration of a trust or a probate estate, especially when there are substantial amounts of money involved or when family conflict is present. These disputes can arise between beneficiaries, between a trustee or other fiduciary and beneficiaries, or from third parties. JMBM’s trusts and estates lawyers intentionally foster a […]