Tax Developments Affecting Estate Planning

Howard Zaritsky (J.D., LL.M Consulting Counsel) recently published an article entitled The Year in Review: An Estate Planning Perspective on Recent Tax Developments.

Here is a summary of this extensive article:

The article summarizes the legislation, regulations, revenue rulings and procedures, regular decisions of the Tax Court, the Claims Court and the courts of appeals, as well as selected district court and Tax Court memorandum decisions, private rulings, notices, announcements and other IRS and Treasury documents from the past year (April 1, 2007-April 1, 2008).  The tax developments in the article are divided into the following 5 categories:

                1.  Estate Taxes
                2.  Gift Taxes
                3.  Generation-Skipping Transfer Taxes
                4.  Special Valuation Rules, and
                5.  Income Taxes