Practice Areas

In this issue:

• Life Insurance Funded Buy-Sell Agreements Should Be Reviewed in Light of United States Supreme Court Decision in Connelly v. United States
• Corporate Transparency Act Filing Deadline is Approaching
• Do You Need to Make a Substantial Gift Between Now and the End Of 2025 to Take Advantage of The Current Fedferel Gift and Estate Tax Exemption Before It’s Reduced in Half at the End of 2025?

In this issue:

• 2023 Gift Tax Return Filing Reminder
• To Give or Not to Give (Before the Estate Tax Exemption is Reduced at the End of 2025)?
• Sherman Atlas is Proud to Announce the Election of Allison Clayton to the Partnership
• Sherman Atlas Proudly Announces that Kathleen Clark has Joined the Firm's Tax and Trusts & Estates Group
• Sherman Atlas Proudly Welcomes Joanna Kessler to the Firm's Tax and Trusts & Estates Group

In this issue:

• The New Corporate Transparency Act
• 2024 Inflation Adjustments for Tax Items
• New Attorneys at Sherman Atlas in our Tax and Trusts & Estates Group

In This Issue:

• Reflections on 2021
• 2022 Inflation Adjustments for Tax Items
• Trustees Beware: Trust-Owned Life Insurance Needs A Regular Review to Avoid Trustee Liability
• IRS Issues Instructions on S-Corporation’s Tax Reporting Related to PPP Loan Forgiveness

In This Issue:

• The New SECURE Act’s Effect on Estate Planning for Retirement Plans
• Relief from Federal Limitation on Deduction for State and Local Income Taxes for Some New Jersey Business Owners
• Private Foundation Excise Tax Rate Simplification – Law Change Effective 2020
• Misleading Notices from Third Parties of Annual Report Delinquencies for New Jersey Entities

In This Issue:

• 2020 Inflation Adjustments for Tax Items
• If You Want to Make Gifts to Charities or Others in 2019, Be Sure Those Gifts Are “Completed” this Year for Tax Purposes
• Thinking of Converting your S Corporation to a C Corporation? Avoid this Trap for the Unwary.
• The Nonprofit Forum - Is it Time to Convert Your Private Foundation to a Donor-Advised Fund?

In This Issue:

• The Perils of "Transfer on Death" (TOD) and "Payable on Death" (POD) Accounts
• Information That Can Help Your Family at the End of Your Life
• Sherman Atlas Welcomes New Associate to the Tax and Trusts & Estates Group
• New Jersey Trustee Uniform Trust Code Disclosure Requirements – A Reminder

In This Issue:

• Charitable Giving in 2018 under the Tax Cuts and Jobs Act of 2017
• If You Want to Make Gifts to Charities or Others in 2018, Be Sure Those Gifts are "Completed" this Year for Tax Purposes
• 2019 Inflation Adjustments for Tax Items
• The New Qualified Business Income Deduction – Still Lots of Uncertainty
• Breaking New Jersey News – New Jersey Offers Tax Amnesty until January 15, 2019
• More Tax Accounting Options for Small Businesses in 2018
• Another Reminder About IRS Revised Partnership Audit Procedures
• A Note about the Registration of New Jersey Private Foundations

In This Issue:

• Trustees Beware: Trust-Owned Life Insurance Needs a Regular Review to Avoid Trustee Liability
• Tax Alert: No Estate Tax in New Jersey Doesn't Mean No Estate Administration
• Sherman Atlas Proudly Announces Three New Members of the Tax and Trusts & Estates Group

In This Issue:

• Estate Planning Cautions and Opportunities in the Aftermath of the Tax Cuts and Jobs Act of 2017
• Existing Testamentary Plans of Individuals Residing in New Jersey
• Existing Testamentary Plans of Individuals Residing in New York
• Formula Bequests for Generation-Skipping and Charitable Gifts
• Planning Opportunities
• Sherman Atlas Announces New York Office Move

In This Issue:

• The Tax Cuts and Jobs Act – How It May Affect You

In This Issue:

• 2018 Inflation Adjustments for Tax Items
• Proposed U.S. Tax Legislation – Stay Tuned
• The Nonprofit Forum Does Your Charitable Donor-Advised Fund Name Successor “Recommenders”?

In This Issue:

• January 1, 2018, Proposed Effective Date for Implementation of New Partnership Audit Rules Is Fast Approaching
• Generation-Skipping Tax Basics You Should Know
• The Nonprofit Forum - CAUTION: The Dangers of Non-Board Members on Board Committees
• Sherman Atlas Proudly Announces Two New Members of the Tax and Trusts & Estates Group

In This Issue:

• Gift Tax Reporting Reminder for Gifts Made in 2016
• Estates of New Jersey Residents Who Do Not Survive Until 2018 Could Confront Costly and Unnecessary New Jersey Estate Taxes
• …And New York Residents Should Similarly Review their Estate Planning Documents Given the Moving Target of the “Cliff” Past Which New York Estate Tax Will Apply
• The Nonprofit Forum - Warning: Even Donations to Your Private Foundation Need a Written Acknowledgment

In This Issue:

• The Election and Your Tax Planning – Stay Tuned
• If You Want To Make Gifts to Charities or Others in 2016, Be Sure Those Gifts Are “Completed” This Year For Tax Purposes
• 2017 Inflation Adjustments for Tax Items
• The Nonprofit Forum

In This Issue:

• New Jersey Repeals Its Estate Tax; Inheritance Tax Remains (for now)
• Status of Valuation Discounts on Transfers of Interests in Family-Controlled Entities Uncertain
• New York Adopts Legislation Providing Fiduciaries with Greater Clarity Regarding Access to Digital Assets
• New Jersey Uniform Trust Code Reminder

In This Issue:

• No More Secret Trusts? New Jersey’s Uniform Trust Code Mandates Disclosure to Beneficiaries…With Exceptions
• The Nonprofit Forum - A Simple Compliance Checklist
• Sherman Atlas Named One of the Best Places to Work in New Jersey
• Sherman Atlas Welcomes Beth Corroon

In This Issue:

• 2016 Gift Tax Reminder
• The Uniform Trust Code is Coming to New Jersey…More to Follow
• The Nonprofit Forum: Nonprofit Board Membership – Some Thoughts for Future and Current Board Members
• Sherman Atlas Proudly Announces New Partner

In This Issue:

• 2016 Inflation Adjustments for Tax Items
• New Guidance on Reporting Tax on Gifts and Bequests from Former U.S. Citizens and Residents
• If You Want to Make Gifts to Charities or Others in 2015, Be Sure Those Gifts Are “Completed” This Year for Tax Purposes

In This Issue:

• New Regulations May Limit Taxpayers’ Ability to Discount the Value of Transferred Minority Interests in Family-Owned or Family-Controlled Entities
• Does Your Power of Attorney Need a Fresh Look?
• Executors Stay Tuned: Estate Tax Valuation Reports to the IRS and Estate Beneficiaries Will Soon be Mandated
• Welcome to new members of our team

In This Issue:

• Changing Your State of Residency: What You Need to Know Before You Go
• The IRS Will Know About Your Undisclosed Foreign Accounts Very Soon
• Trustees of Life Insurance Trusts, Beware of Your Duties

In This Issue:

• 2015 Gift Tax Reminder
• Sherman Atlas adds a new attorney to their Tax and Trusts & Estates Group

In This Issue:

• If You Want to Make Gifts to Charities or Others in 2014, Be Sure Those Gifts Are “COMPLETED” This Year for Tax Purposes
• 2015 Inflation Adjustments for Tax Items

In This Issue:

• Estate Planning Opportunities You May Be Missing
• Offshore Voluntary Disclosure Program Gets Streamlined
• Problematic Assets to Have in Your Estate
• Information That Can Help Your Family at the End of Your Life
• New York Estate Tax Law Changes
• New IRS Form EZ-1023