Richard Albert Luthmann’s Guides

Richard Albert Luthmann

Staten Island Estate Planning Attorney.

Contributor Level 14
  1. ALERT: IRS Tightens OVDI (Tax Amnesty) Participation Rules

    Written by attorney Richard Luthmann, almost 2 years ago.

    The IRS primarily operates on a first contact basis. Taxpayers who come forward to correct a problem before they are caught generally are treated better, pay less penalties and avoid criminal prosecution. The IRS stated mission is to foster voluntary compliance.That means not pu...

    1 person found this Legal Guide helpful

  2. ALERT: Taxpayers Residing outside U.S. questioned at U.S. border regarding back taxes.

    Written by attorney Richard Luthmann, almost 2 years ago.

    Taxpayers traveling to the United States with unpaid U.S. tax assessments can be detained at the border, questioned, and flagged for follow-up enforcement. If a taxpayer has an unpaid tax liability and is subject to a resulting Notice of Federal Tax Lien, the IRS may submit iden...

    1 person found this Legal Guide helpful

  3. Update: Estate and Gift Taxes for the Remainder of 2012

    Written by attorney Richard Luthmann, almost 2 years ago.

    Continued uncertainty due to Congress's delays Congress is at a standstill because of the upcoming election and the estate and gift tax laws are still in disarray.The current state of the estate tax law continues to make it very difficult for clients and estate planners to have...

    1 person found this Legal Guide helpful

  4. Update: The Tax Implications of OBAMACARE

    Written by attorney Richard Luthmann, almost 2 years ago.

    The Supreme Court recently ruled that the Patient Protection Affordable Care Act (PPACA) is constitutional. So what does this mean for taxpayers? A lot. Almost every taxpayerwhether they currently have or do not have insurancewill be affected. Below is a list that will impact t...

    1 person found this Legal Guide helpful

  5. Economic Substance - Sec.1409 of the Health Care and Educational Reconciliation Act of 2010 - Part 1

    Written by attorney Richard Luthmann, almost 3 years ago.

    1. The Act. Section 1409 of the Health Care and Educational ReconciliationActof2010 (P.L. No. 111-152), titled Codification of Economic Substance Doctrine and Penalties, sets out a statutoryeconomic substance doctrine and significantly alters the contours of the penalty structu...

    1 person found this Legal Guide helpful

  6. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (passed by the

    Written by attorney Richard Luthmann, almost 3 years ago.

    The President on Dec. 17 signed into law a sweeping tax cut compromise negotiated by the White House and Republicans. The Senate approved the bill (H.R. 4853) by an 81 to 19 vote on Dec. 15, and the House followed suit on Dec. 16 with a 277 to 148 vote. The framework of the dea...

    1 person found this Legal Guide helpful

  7. The FACTA Provisions of the HIRE Act (P.L. No. 111-147) - Part 2

    Written by attorney Richard Luthmann, almost 3 years ago.

    4. Withholdable Payments to Non-Financial Foreign Entities under New Code 1472 General Rule: A withholding agent must deduct and withhold a 30% tax from any withholdable payment to any entity -- other than a financial institution -- that is not a US person (a non-financial for...

    1 person found this Legal Guide helpful

  8. The FACTA Provisions of the HIRE Act (P.L. No. 111-147) - Part 1

    Written by attorney Richard Luthmann, almost 3 years ago.

    On March 18, 2010, the Hiring Incentives to Restore Employment Act (P.L. No. 111-147) or HIRE Act was signed into law by the President. The HIRE Act contains several modifications to the Foreign Account Compliance and Taxation (FACTA) regime including foreign tax reporting rule...

    1 person found this Legal Guide helpful

  9. 2011 Estate Planning Update: Important Changes to the Law

    Written by attorney Richard Luthmann, over 3 years ago.

    2011 Estate Planning Update Important Tax Law Changes Retroactive to January 1, 2010 December 17, 2010 marked the passage of the "Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010" (referred to in this Update as the "2010 Act"). This Estate Plannin...

    1 person found this Legal Guide helpful

  10. Simple Estate Planning

    Written by attorney Richard Luthmann, over 4 years ago.

    Asset Allocation Ensure that each spouse has allocated their total spousal assets evenly in order to maximize the availabiltiy of the Federal Estate Tax exemption amount. In 2009, it was $3.5 millio

    3 people found this Legal Guide helpful

We're ready to help. Contact us today.

718-732-1487