Month: January 2007
Big Tax Losses in 2008? Consider a Roth Conversion
Self-employed persons or small business owners such as home builders with big tax losses for the year should consider converting their traditional…
Filing Taxes Early Can be a Mistake
An article in yesterday’s Wall Street Journal discusses the problem of financial services firms providing late or amended Forms 1099. These forms,…
Incentive Trusts
Professor Joshua Tate of Southern Methodist University has published an interesting and informative article on Incentive Trusts, which are generally used by…
Trust Protectors
The use of a “Trust Protector” in trusts for maximum flexibility and protection is becoming increasingly common. For a good explanation of…
New Charitable IRA Rollover Guidance
Professor Christopher Hoyt of the University of Missouri School of Law has proved a useful summary of IRS Notice 2007-7, 2007-5 IRB…
Guardianships Gone Awry – Insurance Company Sues Clerk of Court
Hartford Fire Insurance Company has sued the Wake County, North Carolina Clerk of Court, alleging that the Clerk’s office failed to properly…
Professor Pennell’s view on Estate Tax Repeal
This week I’m attending the 41st Annual Heckerling Institute on Estate Planning in Orlando. The Institute, sponsored by the University of Miami…
North Carolina Medicaid Changes to take effect March 1, 2007
My entry of December 8 briefly discussed the changes to the Medicaid rules in North Carolina which were thought to take effect…
