The Tax Cuts & Jobs Act made significant changes to the deductibility of certain fines, penalties, and other amounts, including restitution payments. Claire Taylor co-authored an article outlining the changes initiated by the statute. Reprinted from the November 2018 issue of ALI CLE's The Practical Lawyer.
This issue of Insight on Estate Planning reviews how recent tax legislation affects estate "portability" for married couples, using buy-sell agreements to ensure the health of your business after an owner's death, the tax and estate planning implications of moving abroad, taking full advantage of your lifetime gift tax exemption, and new IRS regulations governing auditing, assessing and collecting underpayment of tax from partnerships.
In this issue of Insight on Estate Planning, you'll find information on stretching out estate taxes on business interests, reducing family conflict by using a total return unitrust, deciding whether a donor-advised fund is right for you, videotaping your will, and understanding Washington's new power of attorney act.
Tom Lerner authored this article, which appeared in the July/August 2014 issue of the King County Medical Society Bulletin.