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Results: 1-10 of 82

Estate planning update - February 2014
  • Day Pitney LLP
  • USA
  • February 25 2014

In his 2014-2015 budget bill, New York Governor Andrew Cuomo has proposed significant changes to the state tax code. A brief summary of the proposed


Disclosure of foreign accounts and assets
  • Day Pitney LLP
  • USA
  • July 30 2014

U.S. persons are allowed to maintain financial accounts anywhere in the world, but they must pay tax on all income and also file special reports


New York tax law changes
  • Day Pitney LLP
  • USA
  • July 30 2014

On March 31, 2014, New York state enacted several significant changes to its laws concerning estate, gift and fiduciary income taxes. The following


Estate planning update - June 2011
  • Day Pitney LLP
  • USA
  • June 3 2011

As you may know, several tax law changes resulted from the legislation signed into law by Governor Malloy on May 4, 2011, as part of the budget compromise


T&E litigation update: Breakiron v. Gudonis
  • Day Pitney LLP
  • USA
  • August 20 2010

In Breakiron v. Gudonis, Case No. 09-10427-RWZ, 2010 U.S. Dist. LEXIS 80888 (Aug. 10, 2010), the United States District Court for the District of Massachusetts addressed issues concerning the disclaimer of an interest in a trust


Cohen v. Attorney General
  • Day Pitney LLP
  • USA
  • October 24 2011

In Cohen v. Attorney General, Case No. 11-11500-NMG, 2011 U.S. Dist. LEXIS 120336 (D. Mass. Oct. 18, 2011), the federal district court dismissed an action brought by Jillian Cohen, purporting to act in her capacity as "Full Statutory Administratrix" of the estate of the decedent, effectively seeking federal court review of two state court dismissals of her previous suit for alleged negligence, products liability and wrongful death


Top 8 estate tax savings techniques for the current increased gift and GST tax exemptions and low-interest rate environment
  • Day Pitney LLP
  • USA
  • December 7 2011

If you live in Massachusetts or own Massachusetts real estate and the total value of your (and your spouse's) assets is at least $1 million (the Massachusetts estate tax exemption amount), you may want to utilize one or more of the estate tax savings techniques summarized below, in order to save estate taxes for your estate, your spouse's estate and even potentially for your children's future estates


Additional foreign asset reporting required
  • Day Pitney LLP
  • USA
  • December 20 2011

U.S. citizens and residents (including individuals who hold a green card or otherwise meet the physical presence requirements under the tax laws) are already required to file returns and pay tax on their worldwide income


Status of federal estate tax legislation
  • Day Pitney LLP
  • USA
  • December 20 2011

The rumors that circulated in November that the Joint Select Committee on Deficit Reduction (the "Super Committee") would propose significant changes to the federal estate, gift and generation-skipping transfer ("GST") tax laws proved to be unfounded, as the November 23 deadline for the Super Committee passed with no action taken


Inflation adjustments
  • Day Pitney LLP
  • USA
  • December 20 2011

Even in the absence of federal tax legislation, certain estate, gift and generation-skipping transfer ("GST") tax figures are subject to inflation adjustments