Business & Tax Blog

The Federal Estate Tax Law sometimes allows a surviving spouse to “inherit” a deceased spouse’s unused estate tax exemption. This reduces the estate tax to the family when the surviving spouse dies, under current law saving the family as much as 40 cents of estate tax for every dollar of…

The IRS has backtracked on its guidance from 2012, by exempting certain self-rental income from the new 3.8% Medicare surtax. The new guidance applies common sense by aligning the tax treatment of self-rental arrangements with the passive loss rules under Section 469. Taxpayers should be able to avoid the surtax…

A recent Tax Court case, Pool v. Commissioner, is the first court opinion in many years describing the limits of a popular capital gain tax planning technique used by real estate investors and developers. Some real estate project legal structures enable investors to recognize a mix of long-term capital gain and…

These materials were presented to the FICPA’s Gulf Coast chapter on January 7, 2014: DOMA and Estate Planning: A Florida Perspective Presented by Douglas J. Elmore – Williams Parker PPT Outline Trusts in an Era of Portability: The Not-so-Simple Analysis Presented by Jeffrey T. Troiano – Williams Parker PPT Outline Medicare Surtax Planning For…