This annual update on trust, estate, and gift taxation covers recent IRS guidance and administrative issuances, relevant legislative proposals by Treasury, and selected court decisions for the period ending June 2024.
ESTATES, TRUSTS & GIFTS
October 2024 - The Tax Adviser
GAINS & LOSSES
The time value of capital losses
Capital gains in the forecast? Stockpiling losses may make sense. For certain investors, systematically harvesting capital losses in a portfolio in anticipation of future capital gains can be a beneficial strategy, significantly increasing the quantity of gains that can eventually be offset, as this article illustrates using historical market data.
TAX CLINIC
DEPRECIATION
FOREIGN INCOME & TAXPAYERS
MISCELLANEOUS
PRACTICE & PROCEDURES
STATE & LOCAL TAXES
COLUMNS
TAX PRACTICE & PROCEDURES
employee benefits & pensions
Profits interests: The most tax-efficient equity grant to employees
By granting them a profits interest, entities taxed as partnerships can reward employees with equity. Mistakes, however, could cause challenges from taxing authorities.
