by Joel Roettger | Oct 25, 2017 | Charitable, Estate Planning, Tax
Technically, it is possible, but there would be some significant strings attached. Distributions from Donor Advised Funds (DAFs) are subject to Internal Revenue Code (IRC) § 4966. That section provides that certain distributions will be subject to excise tax. The tax...
by Joel Roettger | Oct 24, 2017 | Estate Planning, Tax
The IRS recently announced inflation adjustments to various estate and gift tax items for 2018. UPDATE: The information below is based on information released prior to the Tax Cuts and Jobs Act. For changes to the estate and gift taxes as a result of the Act, see...
by Joel Roettger | Oct 23, 2017 | Estate Planning, Retirement Assets, Tax
The IRS recently announced the 2018 contribution limits for retirement plans. They are: 401(k), 403(b), most 457 plans, and Thrift Savings Plans18,500 Catch-up contribution limit for employees 50 and older6,000 IRAs (Traditional and Roth)5,500 Catch-up contribution...
by Joel Roettger | Oct 23, 2017 | Estate Planning, Tax
The 7520 rate for November 2017 will be 2.4%. A table showing historical 7520 rates since 2008 is here. Source: Rev. Rul. 2017-21 (pdf) Posted by Joel D. Roettger, JD, LLM, EPLS
by Joel Roettger | Oct 3, 2017 | Probate
Specifically, whether Tennessee’s probate claim statute requires a creditor to provide the executor with proof of a claim before the executor must mail the creditor a copy of the published Notice to Creditors. Decedent died in July 2015. His will was probated...
