In somewhat of a surprising development, Congress passed and President Trump has signed the first significant overhaul of the tax code since 1986. Prior to that, there was a lot of tinkering around the edges, including some fairly substantial tax cuts under the most...
By Timothy E. Harden, Esq. Are you looking for an easier and quicker way to obtain tax exempt status for your charity? If so, read on to see if filing IRS Form 1023-EZ is right for you. A Streamlined Application Process Similar in some respects to filing an Form...
With greater nationwide discussion regarding the use and ownership of firearms, a commonly-overlooked issue relates to the transfer of those firearms to beneficiaries upon death. It is estimated that nearly 40% of households in the United States own one or more...
By Patrice M. Ticknor, Esq. Generally, any amount distributed from a traditional IRA is includable in the account owner’s gross income. Section 408(d)(3)(A) of the Internal Revenue Code (“IRC”) allows the account owner to exclude from gross income any amount...
By Timothy E. Harden, Esq. I. Introduction: What is a Conservation Easement? What if you could preserve your property as farmland or wildlife habitat for future generations, and get a significant tax break while doing it? That is the allure of conservation easements....
Nonprofit Benefits – The IRS turns its sights on benefits given by nonprofit organizations. Recently the IRS has turned its sights on benefits given by nonprofit organizations using as its weapon the intermediate sanctions provisions under IRC Sec. 4958. In...
