The Pollock Firm LLC

Make a Gift Before 2021

I try very hard not to be political in these blog posts. I also try not to speculate on what the government […]

March 29, 2016March 2, 2021Basis, Estate Administration, Executor, Federal Estate Tax, Probate, Tax, Tax Returns

Requirement of Executors to Report Basis of Assets When Administering an Estate – FollowUp

The IRS has released new regulations that have extended the due date for filing Form 8971 to March 31, 2016. Executors and […]

February 7, 2016March 2, 2021Basis, Estate Administration, Executor, Federal Estate Tax, Tax, Tax Returns

IRS Releases Form 8971 – Executors Now Required to Report Basis of Assets When Administering Estate

For many years the IRS and beneficiaries of estates had a problem figuring out how much gain should be imposed on an […]

April 22, 2013December 23, 2020tax exemption

Major Changes to Tax Law in New Budget Proposal

Victims of a personal injury have many burdens to bear. Most people can expect to deal with the stress of a lawsuit, loss […]

May 26, 2011March 15, 20212503, Annual Exclusion, Estate Planning, Estate Tax, Gift Planning, Gift Tax, Inheritance Tax (相続税）, New Jersey, NJ Estate Tax, Tax, Tax Planning

Deathbed Transfers in New Jersey

Often times, a person who is on his or her deathbed will make gifts to family members in an effort to reduce […]

August 3, 2007March 24, 2021asset protection, Business Succession Planning, Divorce, Estate, Estate Tax, Family Limited Liability Company, Tax, Trusts

Business Succession Planning: FLLC

Some of you may have seen these scary statistics: According to the U.S. Small Business Administration, 90 percent of the 21 million […]

February 1, 2007March 26, 2021Estate Tax, Inheritance Tax (相続税）, Japan (日本）, Japanese Inheritance Tax (相続税), Tax, United States

Japanese Inheritance Tax vs. US Estate Tax

BRIEF OVERVIEW OFJAPANESE INHERITANCE AND GIFT TAXESvs.AMERICAN ESTATE AND GIFT TAXES NOTE: This information has been updated. The new post can be […]