Philadelphia, PA
Probate Lawyer at Philadelphia, PA
Practice Areas: Probate, Estate Planning, Tax
AMOUNT OF WORK PERFORMED The extent of services performed is an important factor. CHARACTER OF SERVICES RENDERED What were the services and quality of services performed PROBLEMS INVOLVED How difficu...
See Full GuideTRANSFEROR IS IN POOR HEALTH The IRS takes a dim view on death bed or terminally ill transfers. TRANSFER OF SUBSTANTIALLY ALL OF ONE'S ASSETS The transferor contribution of substantially all of its a...
See Full GuideCONSOLIDATED OWNERSHIP AND MANAGEMENT The FLP can provide for consolidated ownership and management of securities, real estate and other investments. TRANSFERS TO CHILDREN WITHOUT GIVING UP CONTROL F...
See Full GuideThe following summarizes how distributions from an S corporation are categorized and taxed under S corporation ordering rules:...
See Full GuideTime Spent and Quality and Character of Services The time spent and the quality and character of services provided by the trustee are critical factors in this area. The Value and Character of Trust ...
See Full GuideELECTION ON ESTATE RETURN An election must be made on the decedent's Form 706 estate tax return to treat the trust as a QDOT MUST BE A US TRUSTEE There must be at least one US citizen serving as trus...
See Full GuideTAXPAYER RELINQUISHED PROPERTY TO A QI IN A QUALIFIED LIKE KIND EXCHANGE Taxpayer transferred relinquished property to a qualified intermediary in accordance with the applicable regulations, Reg. Sec...
See Full GuideTHEIR TAX YEAR BEGIN ON THE SAME DATE If husband and wife have different tax year for some reason other than death, they cannot file a joint return THEY ARE NOT LEGALLY SEPARATED UNDER A DIVORCE OF S...
See Full GuideSURVIVOR REMAINS UNMARRIED The surviving spouse must not remarry during this two year time frame. MAINTAINS AS A HOME A HOUSEHOLD The survivor must maintain as a home a household that for the entire ...
See Full GuideTAXPAYER MUST NOT BE MARRIED OR A SURVIVING SPOUSE AT THE END OF THE TAX YEAR The taxpayer is considered to be unmarried at the end of the year if his spouse was a nonresident alien at any time durin...
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