In a Groundbreaking Tax Court Decision in Estate of Morrissette v. Commissioner, the Court Deems Split-Dollar Arrangements are not Subject to Gift Taxes A recent Tax Court decision has potentially groundbreaking results. In Estate of Morrissette v. Commissioner, the Court ruled that the economic benefit regime applies to this split-dollar...
Scarinci Hollenbeck’s Tax, Trusts & Estates practice group regularly provides content on gift taxes. To receive our attorneys’ gift taxes articles please subscribe to our email list.
IRS Proposes Rules to Tax Gifts from Expatriates
The IRS recently issued a new set of proposed rules on taxes for high-net-worth individuals in the U.S., including citizens...
A New Tax Break For Married Couples. What It Means For You
The new Internal Revenue Service rules, indexed for inflation, now permit married couples to leave nearly $10.86 million to their...
What You Need to Know About the Gift Tax Exclusion & How to Potentially Avoid it
Currently, the gift tax exclusion threshold is $14,000, but most high net worth individuals will probably never pay the tax,...
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