December AFRs Announced


For the month of December 2009 the Applicable Federal Rates (AFRs) are as follows: For this same period, the Section 7520 Rate will be 3.2%. To go directly to the IRS’ publication, please visit the following website: http://www.irs.gov/pub/irs-drop/rr-09-38.pdf. If you have further questions please contact us at 702-433-4455 or visit our homepage at https://jeffreyburr.com/.
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Avoid Termination of S Status by Curing Disproportionate Distributions After the Fact


On October 30, 2009, the IRS released Private Letter Ruling (PLR) 200944018, wherein the IRS privately ruled that in the year following a disproportionate distribution from an S corporation, such disproportionate distribution could be cured to avoid the inadvertent termination of the corporate S election. Even though the curing measure in the following year resulted […]
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We not only blog, we plan estates, too!


Our firm includes a team of attorneys who handle estate planning, probate, trust administration and guardianship matters, and twenty members who make up our dedicated support staff. Our entire team is dedicated to helping our clients find the very best legal solutions for their legal concerns, and our knowledgeable paralegals help keep our fees down […]
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