by Teddar S. Brooks | Jun 25, 2017 | Cases of Interest, T&E News
Blechman v. Estate of Blechman In Blechman v. Estate of Blechman, 160 So. 3rd 152 (Fla Dist. Ct. App. 2015), the appellate court (reversing the trial court) held that the language in the LLC agreement providing that the LLC interest would “pass to and immediately...
by Teddar S. Brooks | May 22, 2017 | Cases of Interest, T&E News
Cases of Interest in Fiduciary Administration 1. Life Tenant’s Intentional Failure to Pay Property Taxes and Maintain Hazard Insurance Constituted Waste and Justified Extinguishing Life Estate. In this case the life tenant refused to pay real property taxes on the...
by Teddar S. Brooks | Apr 11, 2017 | Articles of Interest, T&E News
(E.g accrued interest on a bond) As stated in the “Fiduciary Accounting Answer Book,” Q7:8 on page 7004: “When a fiduciary (executor or trustee) receives income . . . after a decedent dies, the fiduciary must allocate the items that were due before death . . . to...
by Teddar S. Brooks | Apr 11, 2017 | Articles of Interest, T&E News
In allocating receipts of short term capital gain distributions from mutual funds and REITs, you must consider the following: Reference pages 8002-8003 of the book entitled “Fiduciary Accounting Answer Book,” (2013 edition), Q8:5 addresses this question directly....
by Teddar S. Brooks | Jan 1, 2015 | Cases of Interest, T&E News
Squib On The New Regs Under IRC Sec. 67 The 2% Rule Treasury Decision 9664 On May 9, 2014 the Treasury Department and the IRS adopted final regulations, which generally retained the 2011 proposed regulations with minor modifications. The final regulations are...
by Teddar S. Brooks | Sep 1, 2011 | Articles of Interest, Tax
Marraige Equity Act – New York State Tax The Marriage Equality Act was signed into law on June 24, 2011. The New York State Department of Taxation and Finance, Taxpayer Guidance Division has issued a technical memorandum on how the law applies to various New...
by Teddar S. Brooks | Jul 6, 2011 | Articles of Interest, T&E News
Online Resources to Identify Missing Heirs (TEdec Times, Summer 2011) See the attached listing (for free or partially free) online resources for locating missing heirs. Online Resources Websites [ Click Here ]...
by Teddar S. Brooks | Jul 1, 2011 | Articles of Interest, Tax
P-TIN Required (TEdec Times, Summer 2011) New regulations now require (beginning Jan. 1, 2011) all paid tax return preparers (including attorneys, CPA’s and enrolled agents) have to apply for a Preparer Tax Identification Number (P-TIN), which must be included...
by Teddar S. Brooks | Jun 26, 2011 | Cases of Interest, T&E News
Fees to Guardians Under SCPA Article 17A (TEdec Times, Summer 2011). The NYS Supreme Court, Appellate Division, 3d Department in a recent case, The Matter of the Guardianship of Jonathan EE, a developmentally disabled person 2011 NY Slip Op 5844; 2011 N.Y. App. Div....
by Teddar S. Brooks | Jun 22, 2011 | Articles of Interest, Tax
Filing Requirements for New York State and Generation Skipping Transfer Tax (TEdec Times, Summer 2011) A Technical Memorandum TBS-M-11(1)M was issued by the Taxpayer Guidance Division of the New York State Department of Taxation and Finance regarding filing...
