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Duly Noted

A Minnesota Lawyer Is Off To The Races. Minneapolis attorney Stefan Tolin purchased his first mare in 1990. The mare’s …
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Duly Noted

‘Be Careful What You Wish For,’ Tax Court Tells Petitioner. Not much went right in the Great Recession year of …
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Duly Noted

A Deferred Annuity Makes Taxable Estate Assets Disappear. Virginia Kite, a member of a prominent Oklahoma banking family, transferred substantial …
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Duly Noted

Workers In Multi-Employer Health Plans Ineligible For Tax Credits. Union workers who are covered by multi-employer health plans will not …
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Duly Noted

‘You Snooze, You Lose,’ Billionaire Tells IRS. Media mogul Sumner Redstone is challenging a $1.1 million gift tax bill that …
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Duly Noted

IRS Will Keep Fighting Tax-Saving Gift Structures. The Internal Revenue Service says it will continue to litigate cases in which …
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Duly Noted

Fed, N.Y. Tax Chiefs Give Leave For Sandy Donations. Employees and employers who want to donate accumulated paid leave to help …
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Duly Noted

The Money’s Gone; The Tax Bill Isn’t. A New Jersey couple cannot reclaim more than $157,000 in state income taxes …
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Duly Noted

When deducting bad debts, conduct and timing matters. George Saadian and his mother loaned $200,000 to a distantly related businessman …
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Duly Noted

Attorney’s failure does not excuse estate’s penalty. News flash: Trusting your lawyer’s soothing words can cost a lot of money. …
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