Newsletters

Natalie Choate: PLRs 202031007 & 202039002 Illustrate Transferring IRAs from Estate to Beneficiaries Steve Leimberg's Employee Benefits and Retirement Planning Newsletter Issue:751    22-Oct-20

Alan Gassman & Wesley Dickson - When to Unplug Great Grandpa and Other Tax Strategies to Consider Steve Leimberg's Estate Planning Newsletter Issue:2832    20-Oct-20

Ed Morrow: How Donees Can Hit the Undo Button on Taxable Gifts Steve Leimberg's Estate Planning Newsletter Issue:2831    19-Oct-20

Finance 10.17.2020 Bob LeClair's Finance and Markets Newsletter Issue:1073    18-Oct-20

7520 and Other Key Rates - November 2020 Steve Leimberg's Estate Planning Newsletter Issue:2830    16-Oct-20

John Beck, Alan Gassman & Jerry Hesch - Termination of Charitable Lead Annuity Trusts, Why and How Steve Leimberg's Charitable Planning Newsletter Issue:302    15-Oct-20

Actual Text

United States v. Estate of Dean R. Danielson, No. 2:19-cv-00496 (21 October 2020) Estate Is Liable for $6.4 Million in FBAR Penalties
updated:23-Oct-20

IR-2020-240 (22 October 2020) IRS Releases Draft Form 1065 Instructions on Partner Tax Basis Capital Reporting
updated:23-Oct-20

Pine Mountain Preserve LLLP et al. v. Commissioner, No. 19-11795 (22 October 2020) 11th Circuit Finds Partnerships Easement Donations Satisfy Granted-in-Perpetuity Requirement
updated:23-Oct-20

PLR 202031007 (20 May 2020) IRS Addresses Trustee-to-Trustee Transfer of Decedent's IRA
updated:23-Oct-20

PLR 202039002 (25 June 2020) Trustee-to-Trustee Transfer of Decedent's IRA Is Not Taxable Distribution
updated:23-Oct-20

PLR 202042001 (5 July 2020) IRS Finds Termination of S Corp Was Inadvertent
updated:22-Oct-20

Instant Audio and Podcasts

60 Second Planner

PLR 202042012 -- RMDs from IRA Payable to Trust
updated:22-Oct-20

IRS Finalizes Regulations on S Corporation Post-Termination Distributions
updated:20-Oct-20

AM 2020-010 -- Assessing Fraud Penalties in Syndicated Conservation Easement Cases
updated:16-Oct-20

Podcasts

Keebler on 2020 Year-End Tax Planning
updated:13-Aug-20

Keebler and Blattmachr on the Basis of IDGT Assets at Death
updated:25-Jul-20

Video Podcast: Keebler and Shenkman on the PPP Flexibility Act
updated:05-Jun-20

Bob Keebler and Chris Hesse on IRC Section 461(l) and the CARES Act
updated:16-May-20

Bob Keebler and Mark Fichtenbaum: Tax Planning in a Volatile Market with Low Interest Rates
updated:06-May-20

Keebler on Roth Conversions in a Volatile Market
updated:25-Apr-20

Bob Keebler and Ed Slott on RMDs Under the CARES Act
updated:15-Apr-20

Bob Keebler and Jason Early on the Cavallaro Case
updated:19-Mar-20

BlogWatch

NUA in the Covid-19 Era
21-Oct-20

Tax Planning by Accelerating Gain Recognition into 2020
21-Oct-20

SE Property Holdings, LLC v. Judkins: Eleventh Circuit Affirms Punitive Damages For A Fraudulent Transfer
20-Oct-20

Trial Begins in Fairbairn v. Fidelity case
20-Oct-20

The Future of Long Term Care Facilities Post-COVID
20-Oct-20

Fairbairn v. Fidelity implications for DAFs
19-Oct-20

Can Individuals with Dementia Vote?
19-Oct-20

In Recent Ruling, IRS Again Concludes That Daily Fantasy Sports Are Gambling
19-Oct-20

Planning a Domicile Change from New York
19-Oct-20

Journals
(Due to Copyright Restrictions, LISI is not able to provide Reprints of these articles)

Inheritance Crimes
David Horton and Reid K. Weisbord - Washington Law Review

Distribution of Inheritance under Islamic Law: An Appraisal of Online Inheritance Calculators
Shahbaz Ahmad Cheema - SSRN

Discounts for Lack of Control and Marketability in Business Valuations
Seth Webber, Casey Karlsen, and Cameron Scott - Estate Planning

Powers of Attorney and Medical Decision Making
Louis A. Silverman - Estate Planning

Funding Advocacy Efforts with Private Foundations
Ronald M. Jacobs and Christopher N. Moran - Estate Planning

Web Links

Draft Instructions -- 2020 Schedule K-1 to Form 1041
Draft Instructions explain the application of final regulations on the excess deductions on termination of an estate or trust (TD 9918).

Joint Letter to IRS Supporting Permanent Extension of Remote Notarization Rules
Letter to Treasury officials from seventeen organizations expresses support for the continuation on a permanent basis of the temporary relief from the physical presence requirement for retirement plan spousal consent in IRS Notice 2020-42.

Fact Sheet: 2021 Social Security Changes
Cost of living adjustments for 2021.

Closing a Business -- IRS
The IRS has launched this redesigned webpage to help business owners navigate federal tax steps when closing a business. The information includes what forms to file and how to report revenue received in the final year of business and expenses incurred before closure.

Frequently Asked Questions by Guardians About the COVID-19 Pandemic -- NGA
From the National Guardianship Association, the American Bar Association Commission on Law and Aging and the National Center for State Courts, this publication compiles answers to questions frequently asked by guardians.