Tax Law

Recent Posts

Funding the Family Foundation: Considerations for Donors of Privately Held Securities
Posted on 1 Feb 2011 by Morrison and Foerster LLP

By Sonja K. Johnson , Esq., Morrison & Foerster LLP Private 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... Read More

Estate and Gift Tax Alert
Posted on 25 Jan 2011 by Frankfurt Kurnit Klein & Selz

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: Continuing... Read More

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

Morrison & Foerster LLP: Charities, S Corporations and UBIT: Why a Charitable Gift of S Corporation Stock May Not Be the Best Option
Posted on 1 Feb 2012 by Morrison and Foerster LLP

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... Read More