Newsletters
Sep 26, 2023
What Clients Should Do As Clock Runs Out On Estate Planning
Planners have long been talking about the sunset of the 2017 Tax Cuts and Jobs Act. Now with the 2026 deadline looming, they are focusing on some of the biggest...
We now have call/put identifier lookup & ticker symbol lookup!
We are pleased to announce that we have added two new research products...
Sep 19, 2023
Get Ready: Sneak Peek Of 2024 Tax Rates!
Bloomberg has released its predictions for the tax rates in 2024. These predictions are based on the Chained Consumer Price Index for all Urban Consumers...
What is dirty price vs clean price of a bond?
The dirty price is typically quoted between brokers and investors, but the clean price or the price without accrued interest is usually considered the published...
Sep 05, 2023
Trust's Incorrect Tax Form Forfeited Large Tax Refund Claim: A Lesson For Trustees
Trust lost a large tax refund because it sought because it filed on the wrong form. So the moral of this tax tale is that you have to be careful about making...
IRS Forms 1040 & 1041 Income
Did you know that we have a valuation which calculates and prorates the dividends to a decedent's final income (Form 1040) and trust/estate (Form 1041) tax...
Aug 29, 2023
Portability of Deceased Spousal Unused Exclusion Extended
Revenue Procedure 2022-32 (2022-30 IRB 101) became effective on July 8, 2022. This guidance issued by the IRS allows certain taxpayers an extended amount of...
Daily Dividends for Mutual Funds
Many income-focused funds that invest primarily in bonds and money-market securities accrue their dividends on a daily basis despite being only paid out on a...
Aug 22, 2023
Wealth Transfers Can Protect Families From Sunsetting Tax Breaks
With many federal gift and estate tax exclusions set to expire, Baker Tilly's Michael Lum says now is the time to consider transferring family assets to protect...
Including sales, and other account activity, in your alternate valuation
If you prepare alternate valuations which have transactions between the date of death and alternate date, Appraise allows you to input 17 unique types. They are...
Aug 15, 2023
U.S. Appeals Court: Deathbed Checks Are Includible in Decedent's Estate
Time is precious, especially when a donor contemplates making deathbed gifts before their ultimate demise. Although the donor's time to make such gifts is...
Using SEDOL numbers to price international securities
We have the ability to price international securities using SEDOL numbers. The stock exchange daily official list (SEDOL) is a seven-character identification...
Aug 08, 2023
For Want of a Proper Acknowledgement, Taxpayer Loses A $5.2 Million Deduction.
Previously, I discussed the impact of failure to get a goods thank you letter from a charity to be able to take a deduction for a charitable gift. The Tax Court...
Gift Tax Valuations
Did you know, in addition to estate tax valuations, we also provide gift tax valuations...
Aug 01, 2023
Aretha Franklin's Estate: Why Copyrights Require Estate Planning
The news of the recent resolution of the Aretha Franklin estate is a high profile, and expensive, lesson in how not to manage copyrights in an estate...
Pricing Money Market Funds
A client recently asked why we were unable to price a Fidelity Money Market Mutual Fund...
Jul 25, 2023
Be Prepared” Should Be Your Estate Planning Motto: A Real Story
Independence, self-reliance, self-sufficiency, are all laudable goals for us as individuals. Independence is the hallmark of a well crafted and administered...
Broker statements and broker generated valuations are not always correct.
We can't count the number of times our customers ask us to prepare IRS Form 706 valuations for their clients that the corresponding brokerage firm got wrong...