dtrachtenberg, Author at Dean Mead

Redstone v. Commissioner – Extreme Statute of Limitations Case

By dtrachtenberg | May 17, 2013

Generally, Section 6501(a) of the Internal Revenue Code provides that the IRS may only make an assessment of tax within 3 years of the filing of a return. Where no return is filed, however, the IRS is not constrained by the 3 year limitations period and can assess a tax at any time. The IRS…

Portability Election Deadline Extended

By dtrachtenberg | February 20, 2012

On February 17, 2012, the IRS issued Notice 2012-21, which allows certain estates of married individuals who died during the first six months of 2011 to extend the time to make the portability election. Code section 2010(c) was amended in 2010 to allow the estate of a decedent who dies after 2010 and who is…

The New Florida Power of Attorney Act

By dtrachtenberg | May 20, 2011

The Florida law governing powers of attorney and similar instruments is found in Chapter 709 of the Florida Statutes. The Florida legislature on May 4, 2011 voted to pass Senate Bill 670 which significantly revises Chapter 709 in an attempt to achieve greater consistency among the states by conforming Florida’s power of attorney law to the Uniform Power…

Tax Relief Act of 2010: Agricultural Businesses

By dtrachtenberg | February 14, 2011

On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the “2010 Act”), which extended the so-called “Bush Tax Cuts” through 2012, thereby maintaining the current federal income tax rates, capital gain rates and dividend rates through 2012. In addition, the 2010 Act contained the following…

Practice Areas

Estate and Succession Planning

Tax

Agribusiness

Financial Institutions

Posts by dtrachtenberg

Redstone v. Commissioner – Extreme Statute of Limitations Case

Portability Election Deadline Extended

The New Florida Power of Attorney Act

Tax Relief Act of 2010: Agricultural Businesses