By Sonja K. Johnson , Esq., Morrison &
family foundations have long been a popular vehicle for high net worth
individuals to take advantage of valuable tax planning opportunities while
maintaining ongoing involvement with...
The Tax Relief Act of 2010 was overwhelmingly passed by Congress and
signed into law by President Obama on December 17, 2010. The new law
provides numerous tax benefits for businesses and individuals for the
next two years, including:
By Wendy M. Greenberg, Esq. , Morrison & Foerster LLP
It is not at all uncommon for our clients to make provisions for long-time
employees in their wills or trusts. Most
of the time, we don't think twice about these bequests, because we know...
Section 301 of the Heroes Earnings Assistance and Relief
Tax ("HEART") Act of 2008 added new sections 877A and 2801 to the Internal
Revenue Code ("IRC"). These sections
generally apply to any U.S. citizen who relinquishes his or...
Not all charitable gifts are created equal, and a charity is
not required to accept any and all donations of property, especially property
that may be difficult to own or liquidate in furtherance of the charity's
purpose. For instance, before a...