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By Keith Grissom, Jennifer Davis, Elizabeth Pack on August 12, 2020 at 12:00 PM

This is the fifth installment in a blog series on opportunities for tax planning in the current low-interest rate environment. Read our previous installments here. Future installments will cover installment sales to defective grantor trusts and charitable giving.

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By Keith Grissom, Jennifer Davis, Elizabeth Pack on August 4, 2020 at 3:00 PM

This is the fourth installment in a blog series on opportunities for tax planning in the current low-interest rate environment. Read our previous installments here. Future installments will cover family limited partnerships and limited liability companies, installment sales to defective grantor trusts, and charitable giving.

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By Keith Grissom, Jennifer Davis, Elizabeth Pack on July 27, 2020 at 3:00 PM

This is the third installment in a seven-part blog series on opportunities for tax planning in the current low-interest rate environment. Read our previous installments here. Future installments will cover creating Grantor Retained Annuity Trusts, family limited partnerships and limited liability companies, installment sales to defective grantor trusts, and charitable giving.

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By Keith Grissom, Jennifer Davis, Elizabeth Pack on July 20, 2020 at 3:00 PM

This is the second installment in a blog series on opportunities for tax planning in the current low-interest rate environment. Read our overview in Part 1 here. Future installments will cover making or refinancing loans, creating Grantor Retained Annuity Trusts, family limited partnerships and limited liability companies, installment sales to defective grantor trusts, and charitable giving.

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By Keith Grissom, Jennifer Davis, Elizabeth Pack on July 13, 2020 at 5:00 PM

This is the first in a blog series on opportunities for tax planning in the current uncertain, low-interest rate environment. Future installments will cover one-time and annual gifting, making or refinancing loans, creating Grantor Retained Annuity Trusts, family limited partnerships and limited liability companies, installment sales to defective grantor trusts, and charitable giving.

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By Keith Grissom on April 1, 2020 at 10:00 AM

Pursuant to authority granted to the Secretary of the Treasury by President Trump on March 13, 2020 in an emergency declaration, the Treasury and IRS have released a series of Notices postponing both the due date for filing Federal income tax returns, as well as making Federal income tax payments, from April 15, 2020 to July 15, 2020.

On March 27, 2020, the IRS published Notice 2020-20 postponing the deadline to file Forms 709, gift and generation-skipping transfer (GST) tax returns, along with any associated gift and GST tax payments, from April 15, 2020 to July 15, 2020. (see the blog discussing this in more detail here).

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By Trusts & Estates Practice Group on February 25, 2020 at 9:15 AM

IRS announces AFRs for February 2020The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for March 2020. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.

Here are the rates for March 2020: 

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By Garrett Reuter, Jr. on February 4, 2020 at 10:30 AM

"March 5" displayed on wooden blocksHow many times have you prepared your income tax returns for the previous year, only wishing you knew then what you know now, so you could go back and make more advantageous tax decisions? In most cases, you are stuck with the decisions you made before the new tax year began, even though you may not have all the relevant tax information available to assist with those decisions until several months into the new tax year. Too bad for you, says the IRS, unless you are an estate or trust.

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By Trusts & Estates Practice Group on January 30, 2020 at 3:30 PM

IRS announces AFRs for February 2020The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for February 2020. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.

Here are the rates for February 2020:

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By Elizabeth Pack on December 19, 2019 at 2:45 PM

Close up of number wooden block toy on top unstable stack of coins with bokeh green leaf nature backgroundThe Internal Revenue Service recently published its annual inflation-adjusted figures for 2020 for estate and trust income tax brackets, as well as the exemption amounts for estate, gift and generation-skipping transfer (GST) taxes. These figures are adjusted annually for cost-of-living increases.

Below is a summary of the 2020 figures. The original news release from the IRS may be found here.

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