There is an interesting OpEd piece (free registration required) in today’s New York Times which critiques Senator Kyl’s plan for tweaking the federal estate tax. The basic gist of the piece is that the modified plan is overly generous and would be worse than passing a complete repeal of the tax.
Hmm.
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The executors of Helmsley’s estate have submitted a bill for services rendered totalling $100 million. The Office of the Attorney General of New York has stepped in to challenge the bill, claiming that more of the estate of the former “Queen of Mean” should go to charity.
It’s funny, my line of work. I practice tax law alongside my husband who practices international and corporate law. A significant portion of his practice involves business immigration work for companies who are interested in setting up shop here in the US. It’s always interesting to me, then, to read about taxpayers who are interested…
With Election Day just around the corner, I’ve received a number of questions about the differences between the Obama/Biden and Romney/Ryan tax plans. It’s nearly impossible to compare the plans note by note for a couple of reasons: The plans aren’t etched in stone. Details on some parts of the plans are fuzzy and others…
There’s Trouble in New York. And he’s rich. Trouble, the beloved Maltese belonging to Leona Helmsley, is the beneficiary of a $12 million trust fund, according to her will, which was made public Tuesday in surrogate court. Helmsley’s brother, Alvin Rosenthal, was named Trouble’s caretaker. Helmsley’s only child, Jay Panzirer, died at the age of…
This week, the death of George Steinbrenner rekindled discussions about the federal estate tax. As you may be aware, there is no federal estate tax for 2010. However, assuming that Congress doesn’t take action, next year the federal estate tax returns with a personal exemption of $1 million and a flat rate of 55%. Under…