No family is perfect. And while all litigation is emotional, our experience is that almost all trust and estate litigation is driven by underlying emotional disputes among family members. And death, like divorce, can open...more
5/2/2013
- Dispute Resolution
As the budget crisis has unfolded, the tax community has been predicting that the IRS would get aggressive about imposing penalties in order to raise more revenue. And we are starting to see just that happen. The IRS has...more
4/17/2013
- IRS Penalties Tax Revenues
Many people are making gifts before the end of 2012 to take advantage of the disappearing $5.12M gift tax exemption ($10.24M for a married couple). When figuring out the maximum amount that can be given, gifts from prior...more
12/12/2012
- Gift-Tax Exemption IRS
In the recent opinion of Estate of John R.H. Thouron v. U.S. (DC PA 11/7/2012), the district court reminded fiduciaries that they remain responsible for filing returns and paying taxes despite getting bad advice from legal...more
11/19/2012
- Estate Tax Penalties Tax Extensions Tax Penalties
