December 2009 | Law Firm of Jeffrey Burr

The Latest on Estate Tax Reform

Posted on December 23, 2009 by Law Firm of Jeffrey Burr

As of today, no movement has been made on the estate tax reform front. At this point, it seems unlikely that Congress will act before the end of the year which means that an event that many once thought to be impossible will soon become a reality: the repeal of estate and GST tax and […]

January AFRs Announced

Posted on December 23, 2009 by Law Firm of Jeffrey Burr

For the month of January 2010 the Applicable Federal Rates (AFRs) are as follows: For this same period, the Section 7520 Rate will be 3.0%. To go directly to the IRS’ publication, please visit the following website: http://www.irs.gov/pub/irs-drop/rr-10-01.pdf.

Year End Charitable Giving

Posted on December 22, 2009 by Law Firm of Jeffrey Burr

As a follow-up to yesterday’s post, we are including some additional year-end planning reminders relating to charitable giving. It’s that time of year again when you either donate your money to charity or turn it over to the government. To ensure your gifts are deductible in 2009, keep in mind the following general tax tips: Timing […]

Year-End Estate and Gift Tax Planning Points

Posted on December 21, 2009 by Law Firm of Jeffrey Burr

With a little more than one week left in the year 2009, we wanted to provide a few reminders and planning points that should be considered: 1. Irrevocable Life Insurance Trusts (ILITs): If you have made contributions/deposits to your ILIT for payment of the premium this year, have you also prepared and sent the annual […]

Jeffrey Burr Attorney, David Grant, to Present at First Annual Southwest Tax Conference

Posted on December 9, 2009 by Law Firm of Jeffrey Burr

Jeffrey Burr’s director of Estate Planning, David Grant, presented a session on Grantor Trusts during the Nevada Society of CPA’s first annual Southwest Tax Conference (for more info on the conference, click here: http://www.nevadacpa.org/Tax_Conference/Tax_main.htm). Mr. Grant’s presentation addressed the commonly used estate planning vehicle known as the grantor trust. Grantor trusts are powerful income and […]

Estate Tax Legislation Passed By the House

Posted on December 9, 2009 by Law Firm of Jeffrey Burr

Since our last post, there has been some movement on the Estate Tax Reform front. On Thursday, December 4, with no Republican support, the House passed the Pomeroy bill providing a permanent extension of 2009 law (225 – 200. click here for a breakdown of the votes: http://politics.nytimes.com/congress/votes/111/house/1/929. As a reminder, the Pomeroy Bill is […]