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Howard Vigderman

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Mar 17

Keep, Scan, Recycle or Shred? A Practical Guide to Reducing Clutter for Those “Working From Home” During the COVID-19 Pandemic

Ok, so you’ve streamed everything you’ve had on your “to watch” list.  You’re caught up on your reading.  You figure you’ll do the deep clean you’ve always dreamed of and have just finished the attic and even under the kitchen sink.  Your hangers and paper… Read More

Mar 13

Estate Planning Considerations During the Coronavirus (COVID-19) Pandemic

The coronavirus pandemic has directed our attention to a variety of issues such as hand-washing, social distancing, doorknob avoidance, working or attending class remotely, childcare and care for the elderly … but not so much to estate planning. That is, no doubt, a good thing.… Read More

Jan 10

Thanks to the SECURE Act, Your IRA Has Really Lost Its Stretch!

At the end of December 2019, Congress passed and the President signed into law the Setting Every Community Up for Retirement Enhancement Act, known as the SECURE Act.  The Act is effective for IRAs, Roth IRAs and most 401(k) and 403(b) accounts (collectively “IRAs”) of… Read More

Apr 23

Charitable Pledge Binding Upon Corporate Donor

Prior to May 29, 2015, Foremost Industries (“Foremost”) signed a “Gift Agreement” promising to pay to Appalachian Bible College (“ABC”) the sum of $4,000,000 in five equal annual installments.  The Agreement was binding upon Foremost and its successors and assigns.  The Agreement stated that in… Read More

Jan 22

Estate and Gift Tax Planning Opportunities Under the Tax Cuts and Jobs Act

In my January 12, 2018 blog, in which I addressed the Tax Cuts and Jobs Act[1] which became effective January 1, 2018, I reviewed some of the changes affecting the federal estate and gift tax – primarily the doubling of the exemption to $11,180,000 per… Read More

Jan 12

Estate and Gift Tax Consequences of the Tax Cuts and Jobs Act

On December 22, 2017 President Trump signed the Tax Cuts and Jobs Act which became effective January 1, 2018, although many of its provisions will sunset on December 31, 2025.  Most of the changes under the Act affect the federal corporate and personal income tax,… Read More

Dec 29

Is a Federal Income Tax Deduction Available for 2018 Real Property Taxes Paid Before December 31, 2017?

Under the Tax Cuts and Jobs Act the standard deduction has been doubled to $12,000 for single individuals and married individuals who file separately and to $24,000 for married couples who file jointly.  As a result, many individuals who will itemize on their 2017 federal… Read More

Nov 14

Seeking to Repeal the Federal Estate Tax – The Sequel

In 2001 President George W. Bush tried to repeal the federal estate tax. He was successful — but only for one year, 2010.  Then during the administration of President Obama the federal estate tax returned.  Under the new estate tax law the rate of tax… Read More

Oct 31

Federal Estate Tax Inflation-Adjustments for 2018

Throughout the federal tax code there are figures which are inflation-adjusted – meaning they go up when there is inflation and they go up more when there is more inflation.  The adjusted figures for the coming year are generally announced in October of the current… Read More

Oct 23

IRS Withdraws Regulations Which Could Have Eliminated Valuation Discounts

The IRS has never been a fan of valuation discounts.  These discounts allow the owner of a closely-held business to transfer an interest in the business to family members and others and, for gift and estate tax purposes, take a discount which reduces the value… Read More