Tax Law

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Morrison & Foerster LLP: Gifts and Bequests to Employees
Posted on 3 Oct 2011 by Morrison and Foerster LLP

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... Read More

A New (2008) Tax On You At The Top Gift And/Or Estate Tax Rate If You Receive A Gift Or Bequest From A “Covered Expatriate”; Who Is That?
Posted on 5 Oct 2010 by Richard S. Kinyon

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... Read More