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Results:1-10 of 88

Wealth Management Update
  • Proskauer Rose LLP
  • USA
  • December 6 2018

Important federal interest rates continue to rise. The December applicable federal rate ("AFR") for use with a sale to a defective grantor trust


UPDATE: President Trump Signs “Johnson Amendment” Executive Order Limiting Treasury’s Actions Against Religious Organizations Engaged in Political Campaign Activities
  • Proskauer Rose LLP
  • USA
  • May 9 2017

On May 4, 2017, President Trump signed an Executive Order that directs the Executive Branch to limit its enforcement of the “Johnson


Tax Court Rules that Extensions of Variable Prepaid Forward Contracts Do Not Result in Taxable Exchanges
  • Proskauer Rose LLP
  • USA
  • April 27 2017

Last week, in McKelvey v. Commissioner the U.S. Tax Court held that the extension of a typical variable prepaid forward contract (“VPFC”) did not


Wealth Management Update - February 217
  • Proskauer Rose LLP
  • USA
  • February 2 2017

The February 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 2.6, up 0.2 from January. The February


Lawsuits Filed Challenging the USDOL's Final Fiduciary Rules
  • Proskauer Rose LLP
  • USA
  • June 4 2016

On April 6, 2016, the U.S. Department of Labor released its Final Rule addressing when a person providing services to an employee benefit plan or


First post-Windsor ERISA decision
  • Proskauer Rose LLP
  • USA
  • August 2 2013

In the first reported ERISA decision post-Windsor, the U.S District Court for the Eastern District of Pennsylvania held (in Cozen O'Connor, P.C. V


Benefit issues in Puerto Rico: impact of the ACA, ERISA and the PBGC
  • Proskauer Rose LLP
  • Puerto Rico
  • July 3 2013

This article highlights some recent developments that employers with Puerto Rico employee benefits arrangements should consider concerning compliance


U.S. Supreme Court decision on DOMA may impact status of children of same-sex spouses for employee benefits purposes
  • Proskauer Rose LLP
  • USA
  • May 28 2013

The Defense of Marriage Act (DOMA) defines marriage at the federal level as a legal union between one man and one woman and excuses states from any


McGowen v. Comm’r, 2011 U.S. App. Lexis 18407 (10th Cir., Sept. 2, 2011)
  • Proskauer Rose LLP
  • USA
  • November 15 2011

The Tenth Circuit has affirmed a Tax Court decision finding that a taxpayer who borrowed against the cash value of an insurance policy must realize income under I.R.C. 72 when the policy was terminated by the carrier.


Estate of Turner v. Comm’r, T.C. Memo 2011-209 (Aug. 30, 2011)
  • Proskauer Rose LLP
  • USA
  • November 15 2011

The Tax Court has held that (a) assets contributed to a family limited partnership (“FLP”) were includable in a decedent’s gross estate under section 2036(a) of the Internal Revenue Code of 1986, as amended (“I.R.C.”), and (b) premiums paid directly to a carrier on behalf of an insurance trust qualified for the annual gift tax exclusion as present interest gifts.