January 2015 - Law Firm of Jeffrey Burr

Inherent Unfairness In The Proposed Closing Of The “Trust Fund Loophole”

Posted on January 29, 2015 by Law Firm of Jeffrey Burr

In November of 2014, I wrote a blog entitled Income Tax Basis Adjustment of Trust Assets at Death of Trustor. The blog discussed how under long-standing tax law, an asset of a decedent or of the decedent’s revocable trust or estate receives a new basis for income tax gain and loss purposes equal to the […]

President Obama’s Tax Plan and the “Trust Fund Loophole”

Posted on January 23, 2015 by Law Firm of Jeffrey Burr

Last November, Attorney John Mugan wrote a blog titled “Income Tax Basis Adjustment of Trust Assets at Death of Trustor”. I would suggest one reads this blog to gain an understanding as to how income tax can largely be avoided at the time of death applying the long standing Internal Revenue Code rule more commonly referred […]

New Year’s Resolutions

Posted on January 13, 2015 by Law Firm of Jeffrey Burr

There’s a lot of talk this time of year about resolutions, goals, and changes that people want to make in their lives. The best joke that I heard on this subject was one fellow who said that for his new year’s resolution, he’d like to keep his computer screen at 1280 x 1024. I’d like to throw […]