Publications

Section Newsletter Articles on Income Taxes

2014 year in review—Income tax changes (Part 1) By Paul A. Meints Trusts and Estates, January 2015 On December 19, 2014 the United States Congress passed and the President signed the “Tax Increase Prevention Act of 2014” that is often referred to as an “extenders bill.” That is the good news. The bad news is that the extended provisions have already expired, ending December 31, 2014. All efforts at extending for two years failed. This article addresses some of the high points.
Estate income tax fiscal year election tips and traps By Steven E. Siebers and Emily Schuering Jones Trusts and Estates, January 2015 If you are involved from time to time in estates that are administered for more than 12 months after death, you should be aware of taxpayer-friendly rules for electing a fiscal year that could minimize income tax liability.
Estate- and income tax-related numbers for 2014 Trusts and Estates, January 2014 A summary of important estate and income tax rates that may have relevance for the estate and trust practitioner.
Income tax recent cases and rulings By Philip D. Speicher Federal Taxation, April 2011 A summary of recently decided cases relating to income tax.
The Road Less Traveled: IRC 1022 legal considerations in 2010 By Alan E. Stumpf Agricultural Law, January 2010 We have been failed by Congress and are forced to take the road less traveled. Congress has decided that we can travel the known estate planning road on another day, January 1, 2011, and opted for the new path and to make all the difference on the road of carryover income tax basis. On December 31, 2009, no regulations for this path have been promulgated by the Internal Revenue Service. To serve our clients better we need to be thinking and counseling about a number of transaction and taxation concepts.
Basic income taxation of entities and their owners By James A. Nepple Business Advice and Financial Planning, June 2007 This article reviews how entities and their owners are taxed as sole proprietorships, partnerships, and corporations.
Individual income tax update By James H. Schultz Federal Taxation, March 2007 During 2006, numerous tax laws were enacted that will affect individual taxpayers.