Archives: Uncategorized

Repeated IRS Warnings Haven’t Stopped Telephone Scams

By Lucas Witters and Lisa Roberts-Mamone on February 11, 2015 Posted in Uncategorized

In October 2013, the IRS issued taxpayers a warning about a pervasive telephone scam designed to solicit payments and release of personal information from individuals. The IRS issued a second warning concerning the scam near the end of the 2014 filing season, but the calls have continued into the 2015 filing season with no end … Continue Reading

Colorado Court Leaves Valuation Question Unanswered When Valuing GRAT Appreciation

By Michelle St. Pierre on July 1, 2014 Posted in Colorado, Estate Planning, GRAT, Uncategorized

On March 20, 2014, the Colorado Court of Appeals, in Malias v. Malias, upheld the trial court’s determination that grantor retained annuity trust (GRAT) remainder interests were “property interests” for property division purposes, and the corresponding valuation of the GRAT interests for those purposes. Although the case has not yet been selected for publication, it … Continue Reading

The Waiting Game: What to Do (and Not Do) While an Exemption Application is Pending

By Ellen E. Halfon on April 9, 2014 Posted in Estate Planning, Tax, Uncategorized

So, you have thoughtfully and thoroughly prepared the Form 1023 Application for Recognition of Exemption Under Section 501(c)(3) (“Form 1023” or “application”) on behalf of a charity, and filed it with the IRS along with a completed checklist and the correct user fee. The charity is now anxious to fundraise and accept donations, commence its … Continue Reading