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Families change. Dynasty trusts set up by one generation may stop fitting the family that inherits them. Over time, grandchildren and great-grandchildren can end up wanting very different things from the same pool of assets. In PLR 202641001, released October 9, 2026, the IRS approved a trustee’s plan to split a long-standing family trust into three equal trusts. It concluded that the division would not trigger generation-skipping transfer (GST), income, or gift tax consequences.

On April 28, 2011, New Jersey Governor Chris Christie signed into law Senate Bill No. 2753 (the "Bill").

Section 162(m) limits a public corporation's deduction for a taxable year for compensation paid to certain executives to $1 million for each executive.

There hopefully will be some tempering of some of the more egregious proposals . . . because of what's happening on the global stage."

Reed Smith associates Mike Shaikh and Erin Mariano recently presented proposals for a needed change in California law at the Third Annual Sacramento Delegation.

The major casualty of the current political battle appears to be the preferential 15% rate of tax on dividends.

As of the end of 2014, the IRS had received over 20,000 Form 1023-EZ Applications and approved approximately 95% of those applications.

Companies generally are allowed to deduct all ordinary and necessary expenses paid during the year to carry on a trade or business, including most expenses related to settlement of a lawsuit...

As Congress comes back into session next week, tax provisions are at the top of the agenda from now through the end of the year.

Energy and environment debates are heated in Washington this week, as the Senate continues negotiations over the Keystone XL pipeline and Congressional tax reform debates get underway.

The Bipartisan Budget Act of 2018 signed by President Trump on February 11th, included a package of tax credits that may be a boost for renewable energy development and storage projects.

Matthew Gardella, a member in Mintz Levin’s corporate and securities section, was recently featured on DealLawyers.com on preserving a company’s Net Operating Loss Carryforward.

Jennifer brings a distinguished background spanning corporate law, bankruptcy, criminal prosecution, and sophisticated trusts and estates matters to her new role. Her unique combination of courtroom experience, government service, and private practice expertise positions her to deliver comprehensive fiduciary and estate planning solutions. Beyond legal practice, she has pioneered academic programs in trust management and earned national recognition for making complex tax and fiduciary concepts accessible to

The Sixth Circuit Court of Appeals ruled on Oct. 1, 2014, that the taxpayer wasn't entitled to approximately $445 million in additional interest from the government.

On November 17, 2014, the Appellate Tax Board released its Findings of Fact and Report in Genentech v. Commissioner which held that a pharmaceutical company qualified as a "manufacturer" under Massachusetts law, and was required to apportion its corporate excise tax base using the single sales factor formula for manufacturing corporations, instead of the three factor formula.

Voting has begun in the 2016 US presidential election, but the major party candidates continue to add details to their respective tax proposals, and experts have kept up by refining their analyses of the plans.

The Department ruled that the members of an LLC qualified as mutual fund services corporations for tax purposes.