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
In part 1 of this article, we reviewed the federal law on permitted investments for self-directed IRAs and the various tax, compliance and reporting rules that apply to individual retirement accounts (IRAs). Part 2 discusses...more
Part 1: Permitted Investments and Compliance -
The self-directed individual retirement account (IRA) is an increasingly popular option for an IRA account owner, especially those owners who have significant net worth and...more
8/15/2023
/ Art Collections ,
Bonds ,
Custodians ,
Fair Market Value ,
Gold ,
Individual Retirement Account (IRA) ,
Internal Revenue Code (IRC) ,
Investment ,
IRS ,
Life Insurance ,
Mutual Funds ,
Private Investment Funds ,
Reporting Requirements ,
Retirement Plan ,
Stocks ,
Tax Exemptions ,
Taxable Income ,
Trustees ,
UBTI ,
Valuation