Newsletters
May 02, 2023
Avoiding Taxes on the Sale or Gifting of Art
There are several ways that a donor can use the tax-exempt status of a charity to reduce and defer taxes on transactions. This is especially relevant to artists...
Always Current, Always Secure
One of our clients, who was a software subscriber but recently switched to our Appraise.ASP software as a service solution, asked if they needed to install any...
Apr 25, 2023
How Estates Can Reduce a Double Death Tax on Decedents' Income
If one thing is anathema to taxpayers and their advisers, it's paying tax twice on the same income. Sometimes, they'll twist themselves and the Tax Code into a...
Simplifying IRS Form 1040 and 1041 preparation.
We are considering enhancing our existing IRS Form 1040/1041 reporting tool which carves out interest and dividends accrued before and after death...
Apr 18, 2023
More Americans are dealing with tax filings for trusts as older boomers pass away
More Americans are dealing with estate and trust taxes as their baby boomer parents and older loved ones pass away. The number of income tax returns for estates...
ESI-APPRAISE 1040/1041 Income Allocator
Determining how much income to allocate to the 1040 and 1041, when a death is involved, entails going through 1099s and then approximating the allocation...
Apr 11, 2023
The Mystery Behind a $7B Estate Tax Payment
On Feb. 28, 2023, the U.S. Treasury received a payment of $7 billion in the category of “estate and gift” taxes. It was the highest collection of that kind of...
Mandatory CUSIP Number Exchanges
One of our clients was valuing a security which had a mandatory CUSIP number exchange from (11271J107) to (113004105) on December 1, 2022...
Apr 04, 2023
Democratic senators take aim at estate tax strategies for ultra-wealthy
Sen. Elizabeth Warren, D-Mass., and three colleagues urge Treasury Secretary Janet Yellen to curb the use of grantor retained annuity trusts in the name of tax...
NASDAQ & NYSE stock exchanges are closed on Good Friday but the bond markets are open
This is a complicated holiday for estate and gift tax valuation purposes because the stock exchanges are closed but the bond markets are open. The safest way to...
Mar 28, 2023
Wealthy Clients Could Get Hammered By Estate Tax In 2026
The possible expiration of some provisions of the Tax Cuts and Jobs Act in three years is beginning to turn up the heat on estate tax planning...
Existing fax/email client wants to know more about Appraise-Web service
We recently received this question from an existing client: "Hi there! I've always utilized your fax/email service for years, but I'm curious about trying out...
Mar 21, 2023
Six Reasons Tax Season Should Also Be Estate Planning Season
Helping improve your clients' estate plans can ensure their financial wellness for generations to come...
Using SEDOL numbers to price international securities
We have the ability to price international securities using SEDOL numbers...
Mar 14, 2023
Top things for estate planners to do before Tax Day 2023
What estate planners need to accomplish for their clients before Tax Day, as well as the regulatory changes they need to be aware of while preparing for the big...
Pricing Multiple Portfolios Simultaneously
During Charitable Remainder Unitrust (CRUT) season, many of our clients take advantage of a standard Appraise feature which allows the user to price multiple...
Mar 07, 2023
Estate Planning for Memorabilia Collectors: Don't Leave Your Family in the Lurch
No one else in this financial planner's family has any interest in the sports memorabilia he's accumulated. But he's made a plan and has some advice for people...
Stock Splits
We receive many questions about the terms of stock splits and their impact on particular date of death and alternate date valuations...
Feb 28, 2023
Presley beneficiary battle sets example of poor estate planning practices
A badly in debt woman dies leaving the proceeds of substantial insurance policies to her children only to have her trust contested by relatives who claim...
System Maintenance on Weekends
As we mentioned in last week's eNewsletter (see below), we are consistently maintaining and upgrading our data centers to serve you better. We schedule...