While Internal Revenue Code Section 501(c)(3) organizations are the typical vehicle for philanthropy, many organizations enjoy tax-exempt status under IRC Sections 501(a) and 401(a), such as trade ...

Planning and negotiating prenuptial agreements (prenups) is often challenging for clients with large estates. An increasingly common approach is a dual practitioner “team representation.” Under this ...

Congress enacted IRC section 304 to prevent companies from trying to improperly withdraw earnings and profits from a company through the use of brother/sister corporations. Without proper attention to ...

Most taxpayers normally know when and how much income they have earned. In certain cases, a taxpayer has to give back to the original payor an amount it previously reported as income (for example, a ...

There will be no taxable dividend, then, if a corporation redeems all of its stock owned by an estate. In determining what stock is owned by an estate, the constructive ownership or ...