June 14, 2011, Caplin & Drysdale
News reports suggesting that the IRS has opened federal gift tax examinations of five donors to section 501(c)(4) nonprofit organizations have generated considerable concern over the past few weeks. In a letter...
By Genevieve M. Moore and Richard S. Kinyon , Morrison & Foerster LLP
As reported in this space over the last several months, there has been unprecedented upheaval in the federal transfer tax world in the last few years. One element of this...
By Wendy M. Greenberg, Esq. , Morrison & Foerster LLP
We have previously discussed in this space the possible tax traps related to clients' gifts and bequests to their employees. This article continues in that vein to provide some practical...