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TAX LAW NEWS - TAX LITIGATION
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WASHINGTON (AP) — Donors to nonprofit groups that are spending millions on political ads this election have escaped public scrutiny because their donations don’t have to be disclosed. But can they escape a hefty a tax bite?
That’s a new question raised by lawyers familiar with nonprofit tax law and by at least one group that [...]
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Here’s how the game is played (most commonly with an insurance trust). The trust provides that any time the trustee receives a gift to the trust, a notice is to be sent to the beneficiaries designated in the trust instrument. Those beneficiaries then have a limited time period from the date of the notice (frequently [...]
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One of the oldest and most common forms of taxation is the taxation of property held by an individual at the time of their death. Such a tax can take the form, among others, of estate tax (a tax levied on the estate before any transfers). An estate tax is a charge upon the decedent’s [...]
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