Compilation of tax and estate planning regulatory updates (2006‑2007)

07/31/07 Davis v. Kentucky Revenue Department — Supreme Court to examine muni bond 2007-07 taxability; proposed regs on trust investment fees and the 2% floor (REG-128224-06) 06/28/07 Proposed regs on grantor retained income trusts (REG-119097-05); why timing of 2007-06 payments matters; why there’s a 7520 rate; Rudkin update 05/31/07 “Kiddie tax” changes; custodial accounts; “pay-go”; whither the estate tax; get a good 2007-05 valuation expert! (Kimberlin) 04/27/07 2™ Circuit affirms that trust investment fees subject to 2% floor: Rudkin 2007-04 03/29/07 IRS Clarification: non-spousal rollovers and tax-free IRA distributions to charity 2007-03 (Notice 2007-7); tax patents; Chuck Grassley on the AMT and the “tax gap” 02/28/07 Estate Planning Glossary 2007-02 01/30/07 The “First 100 Hours”; President Bush’s health care proposals; 2006 Annual Report of 2007-01 the National Taxpayer Advocate 2006 12/29/06 The Tax Relief and Health Care Act of 2006 (Pub. L. 109-432): “extenders”; health 2006-11 savings accounts; AMT refundable credit; charitable remainder trusts and UBTI; permanent capital gain treatment for self-created musical works 11/22/06 The mid-term elections; 2007 inflation-adjusted numbers 2006-10 10/23/06 More on the Pension Protection Act of 2006: fractional interest gifts and $100,000 tax- 2006-09 free IRA contributions to public charities; Charlie Rangel and AMT reform; Connecticut marital deduction for same-sex couples 09/08/06 The Pension Protection Act of 2006 (Pub. L. 109-280): selected retirement and 2006-08 charitable provisions 07/31/06 Estate Tax and Extension of Tax Relief Act of 2006 (H.R. 5970); Illinois decoupling 2006-07 (McGinley v. Madigan); non-resident income taxation and out-of-state property 06/27/06 Permanent Estate Tax Relief Act of 2006 (PETRA, H.R. 5638) 2006-06 05/31/06 Tax Increase Prevention and Reconciliation Act of 2005 (Pub. L. 109-222): “kiddie 2006-05 tax”; conversions to Roth IRAs; expatriate income and housing exclusion; capital gains treatment for self-created musical works 04/28/06 The AMT and stock options: capital loss carryback prohibitions apply to AMT as well 2006-04 (Merlo); attempted assignment of income fails (McManus); assignment of income: non-qualified stock options and charitable remainder trusts 03/29/06 4" Circuit upholds IRS win in Chawla, but “insurable interest” issue still dangles 2006-03 02/22/06 Charitable Remainder Trust Safe-Harbor (Notice 2006-15); more on prepaid tuition; 2006-02 debts, forgiveness and taxes Tax Topics — Table of Contents — 2013 - 6 HOUSE_OVERSIGHT_022335