Tax Law

Recent Posts

State Net Capitol Journal – November 3, 2014; Massachusetts Casino Study At Odds With Experience Of Other States
Posted on 3 Nov 2014 by State Net

MA CASINO STUDY AT ODDS WITH EXPERIENCE OF OTHER STATES: Supporters of a November ballot measure in Massachusetts (Question 3) aimed at repealing the 2011 law authorizing as many as three resort casinos and a slots parlor in the state issued a press release... Read More

State DeathTax Considerations in Making Lifetime Transfers
Posted on 25 Nov 2014 by Elaine Hightower Gagliardi

Phasing out, and the eventual repeal, of the former state death tax credit in favor of a state death tax deduction has significantly impacted estate planning considerations for clients who now live in states that impose a state estate or inheritance tax... Read More

Senate Democrats Abandon the Estate Tax
Posted on 27 Mar 2013 by TaxAnalysts®

by Jeremy Scott The most progressive tax in the United States is also one of the most unpopular. Thanks to Republican-led efforts to characterize it as a death tax, the estate tax is almost universally reviled in Congress and by voters. To emphasize... Read More

States Should Repeal Their Estate Taxes
Posted on 17 Apr 2013 by David Brunori

... [S]tates can go a long way toward meaningful reform by repealing their estate and inheritance taxes. I have said before on many occasions that the state estate taxes are nothing more than jealousy fueled money grabs... Right now 21 states and the... Read More

District Court: Estate Tax Marital Deduction Triggers Unconstitutional Ruling on DOMA
Posted on 12 Jun 2012 by Asbury Law Firm

In a case that began with a claim for a refund of estate taxes paid, Judge Barbara S. Jones of the Southern District of New York ruled that the Defense of Marriage Act (DOMA) is unconstitutional under the Equal Protection Clause of the 5th Amendment.... Read More

Transfer Tax Planning for New York Married Couples In Light of the 2010 Tax Act
Posted on 9 Mar 2011 by Linda B. Hirschson & Elizabeth R. Glasgow

The 2010 Tax Act changes the landscape of gift, estate and generation-skipping transfer tax planning, at least until the new law is due to sunset at the end of 2012. For New Yorkers, however, the application of state estate tax law has to be considered... Read More

Estate, Capital Gains and Other Taxes in 2011: What Will Happen Now?
Posted on 16 Nov 2010 by Deirdre R. Wheatley-Liss

The people have spoken and the end is drawing near. The people are all of us who exercised our right to vote earlier this month and the end is the end of the tax cuts passed in 2001. If Congress does nothing, here is what happens. Income Taxes will... Read More

District Court: Estate Tax Marital Deduction Triggers Unconstitutional Ruling on DOMA
Posted on 12 Jun 2012 by Asbury Law Firm

In a case that began with a claim for a refund of estate taxes paid, Judge Barbara S. Jones of the Southern District of New York ruled that the Defense of Marriage Act (DOMA) is unconstitutional under the Equal Protection Clause of the 5th Amendment.... Read More

Estate Planning Update
Posted on 26 Apr 2010 by Pepper Hamilton LLP Trusts and Estates Practice Gr

We are into the second quarter of 2010 and still no federal estate tax. Will Congress pass new legislation? And if so, will it be retroactive? Congress has given no indication it will do anything, so we are likely to be dealing with this uncertainty... Read More