Berdon Blogs

TAX TALK: Use Coverdell ESAs to Help Pay for Child’s and Grandchild’s Education

T&E TALK: Secure Your Philanthropic Legacy with a Charitable Remainder Trust

SALT TALK: NY Residency Fight of the (Next) Decade?

TAX TALK: Navigating the Unemployment Tax Costs of Your Business

T&E TALK: Is a Self-directed IRA Right for You?

SALT TALK: Dismissal of SALT Deduction Lawsuit Guaranteed to be First Year Law Students’ Civil Procedure Final Exam

TAX TALK: Maximize the Gift Tax Exclusion Rule

T&E TALK: Family Businesses May Find Estate Tax Relief in Section 6166

TAX TALK: Tax Issues with Series EE Savings Bonds

T&E TALK: With AFRs Low — Take a Look at Your Gifting Plans

SALT TALK: Let’s Chart a Course

TAX TALK: Some Relief from College Costs on Your Tax Return

T&E TALK: The “Crummey” is Still Relevant

SALT TALK: Should I Stay or Should I Go?

TAX TALK: 2019 Q4 Tax Deadlines for Businesses and Other Employers

T&E TALK: You Can Control How Your Charitable Gifts Are Used

SALT TALK: Golf and a Little Bit of Residency Planning, Anyone?

TAX TALK: Next Estimated Tax Deadline is 9.16: Do You Have to Make a Payment?

T&E TALK: Take Intrafamily Lending to the Next Level - Establish a Family Bank

SALT TALK: Online Retailers – You’re Not in Kansas Any More

TAX TALK: Expenses That Teachers Can and Can’t Deduct

T&E TALK: Expanded 529 Plans Offer Unique Estate Planning Benefits

SALT TALK: You Are What You Eat – How Sales Tax Can Get You in Shape

TAX TALK: Taking Distributions from a Traditional IRA

T&E TALK: Your Tax Apportionment Clause Should Be Carefully Worded

SALT TALK: What’s Left Behind

TAX TALK: Tax implications of Gambling Winnings

T&E TALK: Your Will – Understand the Basics

SALT TALK: Who Let the Dog Out? – Legislation by Administration Leads to Confusion

TAX TALK: Kiddie Tax Hurting Families More than Ever

T&E TALK: Power of Attorney – Understand the Two Types

SALT TALK: Who Needs a Vacation When You Can Take a Sales Tax Holiday?

TAX TALK: The Nanny Tax Covers More Than Just Nannies

T&E TALK: Naming a Trustee — A Pivotal Decision

SALT TALK: Traps in Transactions: Don’t Stumble Over a Good Deal

TAX TALK: Now May be the Time to Buy Business Equipment and Other Depreciable Property

T&E TALK: A Buy-sell Can Provide Liquidity to Cover Estate Taxes

SALT TALK: I Sue You, You Sue Me, They Sue Us, Here We Go Again[1]

TAX TALK: If You Volunteer for Charity You May Get a Tax Break

T&E TALK: This May be an Ideal Time for a Roth IRA Conversion

SALT TALK: Somewhat Less Favorable REIT Treatment Confirmed by Appellate Division

T&E TALK: Assets with Sentimental Value Require Extra Planning

SALT TALK: Life Coaching, GPS, or Tax Planning

TAX TALK: You May have to Pay Tax on Social Security Benefits

T&E TALK: Jointly Owning Property Can Have Negative Outcomes

SALT TALK: Ruling on Market Based Sourcing Dispenses with Traditional Doctrine - My Customer’s Customers are Not My Customers

TAX TALK: Kids off to Day Camp? You may be Eligible for a Tax Break

T&E TALK: Getting Divorced? Time to Review Your Estate Plan

TAX TALK: 2019 Q3: Key Deadlines for Businesses and Other Employers

T&E TALK: Weigh Your Options When Addressing Life Insurance in Your Estate Plan

SALT TALK: You Are Forgiven – New Illinois Tax Provisions Include Generous Amnesty

TAX TALK: Donating your Vehicle May not be Taxwise

T&E TALK: Proposed “Secure Act” May Impact Your Estate Planning

SALT TALK: Secret State and Local Tax Revealed

TAX TALK: Thinking About Retiring to Another State? Don’t Forget About Taxes

T&E TALK: Charitable Lead Trusts offer Philanthropic and Family Benefits

SALT TALK: One Small Step (Backward) for Taxpayers, Many Giant Leaps for State Tax Departments

TAX TALK: The Chances of IRS Audits are Down But You Should Still be Prepared

T&E TALK: Leave Your Mark with a Dynasty Trust

SALT TALK: I Read the (State Tax) News Today, Oh Boy

TAX TALK: Hire Your Children This Summer: Everyone Wins

T&E TALK: The Danger of Leaving Specific Assets to Specific Heirs

SALT TALK: NYS Tax Department Confirms You Can’t Take it With You When You Go

TAX TALK: Tax Considerations When Selling Your Home

T&E TALK: Make Health Care Decisions While You’re Healthy

SALT TALK: New Internet Taxes and Wayfair? Don’t Forget the Use Tax

T&E TALK: Does your Estate Plan Include a Formula Funding Clause?

TAX TALK: Plug into Tax Savings for Electric Vehicles

T&E TALK: Single Parent? Estate Planning Requires Special Considerations

TAX TALK: Entrepreneurs: How to Treat Expenses on your Tax Returns

T&E TALK: If College Financing is Integral to Your Estate Plan

SALT TALK: Counting Days: The Tax Consequences of Getting Sick

TAX TALK: Three Questions to Consider after You’ve Filed Your Return

T&E TALK: Spendthrift Language in a Trust Helps Safeguard Assets

SALT TALK: Counting Days - The Sun May Actually Rise in the West

TAX TALK: Seniors: Medicare Premiums Could Lower Your Tax Bill

T&E TALK: Art Donations in Estate Planning — Consider these Three Tips

SALT TALK: 2019 - When is a Day Not a Day

TAX TALK: Make a Deductible IRA Contribution for 2018. It’s Not Too Late!

T&E TALK: Unlock the Benefits of your Revocable Trust

SALT TALK: NYS Budget Battle Settles on (Surprise!) Higher Transfer Tax and an Increased Mansion Tax

TAX TALK: Still Working at 70½? You May Not Have to Begin 401(k) Withdrawals

T&E TALK: Life Insurance can be a Powerful Estate Planning Tool for Nontaxable Estates

SALT TALK: Keeping Your Feet on the Ground in New York City May Become More Taxing

TAX TALK: Stretch Your College Student’s Dollars with the Dependent Tax Credit

T&E TALK: Create a “Road Map” to Guide Those Executing Your Estate Plan

T&E TALK: Moving a Trust over State Lines can offer Tax Savings and Other Benefits

SALT TALK: Helen Shapiro Claims She’s Not Responsible–Why Are You?

TAX TALK: Deadline Approaching for 2018 Gift Tax Return

SALT TALK: State Tax Auditors are People Too?

TAX TALK: Vehicle-Expense Deduction Ins and Outs

T&E TALK: It’s Not Unusual to include your Pet in your Estate Plan

SALT TALK: California Minimum Franchise Tax – May the Swart [1] Be With You

TAX TALK: If you Own a Pass-Through Entity — Beware the Ides of March

T&E TALK: Have you Properly Substantiated Your 2018 Charitable Gifts?

SALT TALK: Head in the Clouds? You Might be Subject to Sales Tax

TAX TALK: Some Deductions May be Smaller (or Nonexistent) on 2018 Tax Returns

T&E TALK: Important Facts about Filing Gift and Estate Tax Returns

SALT TALK: Traps in Transactions: Tax Free for Fed Doesn’t Mean Tax Free for State and Local

TAX TALK: Three Big TCJA Changes Impact Individual Tax Returns for 2018 and Beyond

T&E TALK: Building an “On-Off Switch” into Your Estate Plan

SALT TALK: Author Jules Verne was Architect of New York Tax Policy

TAX TALK: Filing Early May Be Your Best Defense against Identity Theft

T&E TALK: Sudden Impact: What if Your Spouse Dies Unexpectedly

SALT TALK: Don’t Let the Transfer Tax Creep Up on You

TAX TALK: Depreciation-related Breaks on Business Real Estate and Your 2018 Return

T&E TALK: Moving Your Trust over the State Line May Produce Tax Savings

T&E TALK: Hasty Choice of Executor can lead to Problems after Your Death

SALT Talk: Post Wayfair Snacks – Fed Still Need to Tell States to Put Down the Cookie (Ducky) [1]

TAX TALK: Still Time to Get Substantiation for 2018 Donations

SALT TALK: NY Governor’s Executive Budget Aims Smoking Gun at the Internet, Out-of-State Gamblers, High(er) Income Taxpayers, Hedge Fund Managers, Cannabis, and Retired Race Horses

TAX TALK: What Will Your Marginal Income Tax Rate Be?

T&E TALK: Time for Your Annual Estate Plan Checkup?

SALT TALK: Audit Burden of Proof - Where Was I and the IoT

TAX TALK: 2 Major Tax Law Changes for Individuals in 2019

T&E TALK: Review Your Powers of Attorney at Least Every 5 Years

SALT TALK: Statutory Residency, Permanent Place of Abode, May Hinge on Love or Loneliness

TAX TALK: Refresher on Major Tax Law Changes for Small Businesses

T&E TALK: Even College-aged Children Need a Basic Estate Plan

SALT TALK: Traps In Transactions - To Bulk Up or Not?

TAX TALK: Possible to Save More for Retirement in 2019

T&E TALK: Automatic Extension Available for Making Portability Election

SALT TALK: Give Until it Hurts – But Don’t Put SALT in the Wound

TAX TALK: Key Q1 2019 Deadlines for Businesses and Other Employers

T&E TALK: Incomplete Nongrantor Trusts can Benefit High Net Worth Taxpayers

SALT TALK: Does Anybody Really Know What the New York City Personal Income Tax Rate Is? Or Good News for People who Love Bad News

TAX TALK: Does Prepaying Property Taxes Make Sense Anymore?

T&E TALK: Consider an Intrafamily Loan to Cover Estate Taxes

SALT TALK: The Better Part of Valor is the Discretionary Adjustment

TAX TALK: Advantage of Catch-up Retirement Plan Contributions Post-TCJA

T&E TALK: Unleash the Benefits of a Nonspringing Power of Attorney

SALT TALK: I Don’t Like (Cyber) Mondays

T&E TALK: Should you Name a Trust as IRA Beneficiary?

TAX TALK: Mutual Funds - Handle with Care at Year End

SALT TALK: New Jersey – Pardon Me, Excuse Me, or Give Me Amnesty

TAX TALK: Buy Business Assets before Year-End and Reduce 2018 Tax Liability

T&E TALK: Revise Your Estate Plan to Reflect Life Changes During the Past Year

SALT TALK: Florida Dyscalculia Proves No Obstacle to Constitutional Amendments

TAX TALK: Donating Appreciated Stock Yields Twice the Tax Benefits

T&E TALK: Intellectual Property Requires Careful Estate Planning

T&E TALK: Be Cautious when including Employees in your Estate Plan

SALT TALK: All Politics Is (State and) Local – Get Out and Vote

TAX TALK: Bunching Medical Expenses into 2018 May Save You Tax

T&E TALK: Tenancy-in-Common - A Valuable Tool for Real Estate Investments

SALT TALK: Plan on Winning the $1.6 Billion Mega Millions Jackpot? Better Read this First

TAX TALK: Weigh the Tax Consequences before Gifting Loved Ones

T&E TALK: A Qualified Disclaimer Lets Assets Bypass Your Estate

SALT TALK: “The Truth Will Set You Free” – New Jersey Amnesty Edition

T&E TALK: Educate your Children on Wealth Management

TAX TALK: Tax-free Fringe Benefits Help Retain Best Employees

SALT TALK: California’s Minimum Franchise Tax – Now One is No Longer the Loneliest Number

TAX TALK: Charitable IRA Rollovers may be Especially Beneficial in 2018

T&E TALK: Retiring Abroad? Review your Estate Plan in Advance

SALT TALK: Let’s Chart a Course

TAX TALK: TCJA Made Tax Planning for Investments More Complex

T&E TALK: For Unmarried Couples, Estate Planning is Indispensable

SALT TALK: World’s Most Expensive Vacation Destinations

TAX TALK: Donating Artwork: Know the Tax Deduction Ins and Outs

T&E TALK: Do you have Significant Wealth Concentrated in a Single Stock?

SALT TALK: Losing Interest or Don’t Always Trust Your State K-1

TAX TALK: 2018 Q4 Deadlines for Businesses and other Employers

T&E TALK: Three Reasons to Continue Making Lifetime Gifts

TAX TALK: Do You Need to Make an Estimated Tax Payment by September 17?

T&E TALK: DIY Estate Planning at your Own Risk

SALT TALK: Rock and Roll and the Internet Never Forget

TAX TALK: Some Items to Consider When Selling Securities

T&E TALK: Address Long-Term Care Costs with LTC Insurance

SALT TALK: Act Immediately - Once In a Lifetime Tax Opportunity?

TAX TALK: Play Your Tax Cards Right with Gambling Wins and Losses

T&E TALK: Choose a Trust Protector if you are not Confident in your Trustee

SALT TALK: New Internet Taxes and Wayfair? Don’t Forget the Use Tax

TAX TALK: Small Business? Choose the Most Beneficial Accounting Method

T&E TALK: Provide for the Disabled with a Special Needs Trust

SALT TALK: Back to School Means Back to Taxes

TAX TALK: TCJA Prohibits Undoing 2018 Roth IRA Conversions, 2017 Conversions Still Eligible

T&E TALK: Have you made your Burial Wishes Clear?

SALT TALK: Sales Tax Slip-Ups; Back to Basics in the Age of Wayfair

TAX TALK: Do You Still Need to Worry About the AMT?

T&E TALK: A Charitable Gift Annuity can Provide Multiple Benefits

SALT TALK: Color TV, State Lawsuits, and the Demise of the State and Local Tax Deduction

TAX TALK: The TCJA has made “Kiddie Tax” More Far-Reaching than ever

T&E TALK: Does Your Estate Planning Account for Digital Assets?

TAX TALK: QBI – A New Tax Break for Noncorporate Owners of Pass-Through Entities

T&E TALK: Basis Consistency Rules in Play When Administering an Estate or Inheriting Property

SALT Talk: New York Fires Its Latest Warning Shot at the TCJA

TAX TALK: Volunteering? Here’s what you can and can’t Deduct

T&E TALK: A SLAT can serve as a Financial Backup Plan

SALT TALK: Need a Break from SCOTUS and Wayfair? New York – Why Make a Federal Case about It?

TAX TALK: A Green Home can save on Taxes

T&E TALK: Fortify your Estate Plan Against “Undue Influence” Claims

SALT TALK: New Jersey Parks and Beaches Stay Open – (Multi) Millionaires Go Elsewhere

TAX TALK: Know the ABCs of HSAs, FSAs, and HRAs

T&E TALK: Self-Canceling Installment Notes have Pros and Cons

SALT TALK: Sales Tax Collection No Longer Requires Physical Presence (AKA “The Day Stare Decisis Died”)

TAX TALK: 2018 Q3 - Key Tax Deadlines for Businesses

T&E TALK: Naming a Minor as Beneficiary Can Lead to Unintended Outcomes

SALT TALK: Connecticut Fires Back at the TCJA

T&E TALK: You can Repair a “Broken” Trust with the Proper Tools

TAX TALK: Don’t Gamble on your Taxes

SALT TALK: Telecommuting Becomes an Inconvenient Truth in Connecticut

TAX TALK: QSB Stock Offers Two Valuable Tax Benefits

T&E TALK: For the Charitable, Consider a Donor-Advised Fund

SALT TALK: “I Wanna Be a Lifeguard” – But Not in New York

TAX TALK: Receive Restricted Stock? Here’s a Tax-Saving Opportunity

T&E TALK: Does Your Family Know Where to Find Your Will?

SALT TALK: Battle Royal Heats Up Between IRS and States

TAX TALK: TCJA Changed Rules for Deducting Pass-Through Business Losses

T&E TALK: 2nd Marriage Trap — Unintentionally Shortchanging Your Current Spouse

SALT TALK: Beatles Norwegian Wood (This Bird(y) Has Flown) is Homage to Golf

TAX TALK: Before Selling your Home, Weigh the Tax Consequences

T&E TALK: Provide for your Spouse and Children with a QTIP Trust

SALT TALK: New York on My Mind – Sourcing on New York’s Mind

TAX TALK: Time to Adjust your Withholding?

T&E TALK: Received an Inheritance? Beware IRD Liability

SALT TALK: Use Caution Navigating State Tax Credits

TAX TALK: 2018 Tax Planning - Start Now in Light of the TCJA

T&E TALK: Blended Family? Here are Four Estate Planning Techniques

TAX TALK: Tax Document Retention Guidelines for Small Businesses

SALT TALK: Where You Rest Your Weary Bones May Have No Impact on Tax Residency

T&E TALK: Estate Planning Strategies for Non-U.S. Citizens

SALT TALK: Take My Tax … Please (California)

TAX TALK: Individual Tax Calendar: Important Deadlines for the Remainder of 2018

T&E TALK: A Total Return Unitrust (TRU) May Help Maintain Family Harmony

SALT TALK: The Day We Have Been Waiting For

TAX TALK: How Long Should You Retain your Tax Records?

T&E TALK: Missed the 60-day IRA Rollover Deadline? Apply for a Waiver

SALT TALK: Permanent Place of Abode: Vacation Planning Tips

TAX TALK: There’s Still Time to Make 2017 IRA Contributions

T&E TALK: Securities Laws Can Impact Your Estate Planning

SALT TALK: Sales Tax, Twitter, the USPS, Megan Brennan, and Wilford Brimley

TAX TALK: Key Q2 Tax Calendar Deadlines for Businesses and Other Employers

T&E TALK: Prevent Power of Attorney Abuse

SALT TALK: My (E) Baby Wrote Me a Letter

TAX TALK: Home-Related Tax Breaks Valuable for 2017 Returns, Less so for 2018

T&E TALK: Keeping a Trust a Secret Could Violate State Law

SALT TALK: Stealing Bases–Which State will take the Lead?

TAX TALK: Casualty Losses Provide a 2017 Deduction, but Rules Tighten for 2018

T&E TALK: Four Estate Planning Tips for the “Sandwich Generation”

SALT TALK: Refund Claims – Don’t Make a Leap of Faith on What Difference a Day Makes

TAX TALK: Size of Your Charitable Deductions Depends on Many Factors

T&E TALK: Follow IRS Rules to Receive Your Charitable Income Tax Deductions

SALT TALK: Eating Warm Cookies in NYS Unhealthy (for your Bottom Line)

TAX TALK: Sec. 179 Expensing Provides Small Businesses with 2017 Tax Savings and More

T&E TALK: Only Certain Trusts May Own S Corporation Stock

SALT TALK: Market-Based Sourcing, Choice of Entity, and Inconsistent Results

TAX TALK: Tax Deduction for Moving Costs: 2017 vs. 2018

T&E TALK: Do You Need to File a Gift Tax Return?

SALT TALK: NY Governor Disdains Humble Pie as Evidenced by Budget Proposal Thirty Day Amendments

TAX TALK: 2017 Tax Breaks for Families with College Students

T&E TALK: Life Insurance is a Powerful Tool for Nontaxable Estates

SALT TALK: Sales Tax Planning Allows Building Boxes More Efficiently

TAX TALK: TCJA Temporarily Lowers Medical Expense Deduction Threshold

T&E TALK: Have You Taken State Estate Taxes into Account?

TAX TALK: Two Small Business Tax Credits May Reduce Your 2017 and 2018 Tax Bills

SALT TALK: They’re Here! – New York Governor Releases Fiscal Year 2019 Budget Proposals

T&E TALK: TCJA Expands Appeal of 529 Plans in Estate Planning

SALT TALK: Sticks, Stones and Why Did the Accountant Cross the Road?

TAX TALK: Can You Deduct Home Office Expenses?

T&E TALK: Preserve Your Wealth with Asset Protection Strategies

TAX TALK: TCJA and Personal Exemptions, Standard Deductions, and the Child Credit

SALT TALK: NY Tax Department Fights Back – Comprehensive Report Offers Alternatives to Make New Yorkers Whole

T&E TALK: How the Tax Cuts and Jobs Act Impacts Estate Planning

SALT TALK: New York Enacts Incentive for Home Savings (I Think)

TAX TALK: 401(k) Contribution Limit Increases for 2018; Most Others Remain Stagnant

T&E TALK: Include Potential Incapacity in Your Estate Planning Strategies

SALT TALK: Back to School, Back to Residency Issues

T&E TALK: Appointing the Right Trustee for Your Living Trust Provides Peace of Mind

TAX TALK: TCJA Temporarily Expands Bonus Depreciation

TAX TALK: Tax Cuts and Jobs Act - Key Provisions Impacting Individuals

SALT TALK: Written in Reverse – Federal Tax Overhaul and Impact on the States

T&E TALK: Address Your Pet in Your Estate Plan Using a Pet Trust

SALT TALK: State Tax Debts - Don't Believe Everything You Read

TAX TALK: What You Need to Know about 2017 Year-End Charitable Giving

T&E TALK: Who Should be the Guardian of Your Minor Children?

SALT TALK: Every Day I Hear Knock, Knock, Knock - Oh and it's You

TAX TALK: First Quarter 2018 Deadlines for Businesses and Other Employers

T&E TALK: Second Marriage? Time to Update your Estate Plan

SALT TALK: Nexus Gone Crazy - Feds Need to Tell States to Put Down the Cookie (Ducky) [1]

TAX TALK: Higher-Bracket Taxpayers can Take Advantage of 0% Long-Term Gains Rate

T&E TALK: Make the Holidays Bright with Annual Exclusion Gifts

SALT TALK: Year End Planning Tips – Taxing Reasons Not To Visit Your Relatives for the Holidays

T&E TALK: Tax Reform and Estate Planning - What’s on the Table?

TAX TALK: RMDs May Be On your Year End to-do List

SALT TALK: Republicans Insist SALT is Detrimental to our Health

TAX TALK: Accelerating Your Property Tax Payment into 2017 May Be Especially Beneficial

T&E TALK: Consider a Letter of Instructions to your Heirs

TAX TALK: 2017 Might be Your Last Chance to Hire Veterans and Claim a Tax Credit

SALT TALK: Where You Rest Your Weary Bones May Have No Impact on Tax Residency

T&E TALK: Leverage the Benefits of a Charitable Remainder Trust

TAX TALK: Ins and Outs of Tax on “Income Investments”

SALT TALK: Golf and a Little Bit of Residency Planning, Anyone?

T&E TALK: A Dynasty Trust keeps on Giving Long into the Future

SALT TALK: Traps in Transactions - Tax Free for Fed Doesn’t Mean Tax Free for State and Local

TAX TALK: Self-Employed Retirement Plans

T&E TALK: Who Should Own Your Life Insurance Policy?

TAX TALK: Two ACA Taxes that May Impact Your Executive Compensation

SALT TALK: Traps in Transactions - Don’t Stumble Over a Good Deal

T&E TALK: A Crummey Trust Can Preserve the Annual Gift Tax Exclusion

SALT TALK: Counting Days - The Sun May Actually Rise in the West

TAX TALK: Accelerate Your Retirement Savings with a Cash Balance Plan

T&E TALK: Tax Law Uncertainty Requires Estate Plan Flexibility

SALT TALK: Life Coaching, GPS or Tax Planning

TAX TALK: Consider Bunching Your Medical Expenses for 2017

T&E TALK: An HSA can Benefit Your Estate Plan

SALT TALK: Guitars and the Ever-Increasing Burden of Proof

TAX TALK: Investors - Beware of the Wash Sale Rule

T&E TALK: The Art of Donating Artwork

SALT TALK: Sales Tax Planning Allows Building Boxes More Efficiently

TAX TALK: Consider Boosting Your 401(k) Contribution Rate Between Now and Year End

T&E TALK: Consider Tax Basis Planning if Estate Taxes Aren’t a Threat

SALT TALK: Sticks, Stones and Why Did the Accountant Cross the Road?

TAX TALK: Key 4th Quarter Tax Deadlines for Businesses and Other Employers

T&E TALK: Deferral - Estate Tax Relief for Family Businesses

SALT TALK: Online Marketplace Seller Voluntary Disclosure Initiative – Here Today, Gone Tomorrow

TAX TALK: Donating Real Estate to Charity can have Tax Pitfalls

T&E TALK: Is Your Revocable Trust Properly Funded?

TAX TALK: The ABCs of the Tax Deduction for Educator Expenses

SALT TALK: Counting Days: The Tax Consequences of Getting Sick

T&E TALK: Powers of Attorney - To Spring or Not to Spring

TAX TALK: Undoing a Roth IRA Conversion

SALT TALK: Online Marketplace Sellers Highly Incentivized to Say Sorry

T&E TALK: Don’t Trigger the GST Tax when Transferring Assets to Grandchildren

TAX TALK: Put your Audit in Reverse to Save Sales and Use Tax

SALT TALK: Substance or Forlorn; or How I Stopped Worrying and Learned to Love Tax Planning

T&E TALK: An NCP Trust Enables You to Achieve a Variety of Goals

SALT TALK: Mayor Proposes Outlaw Motorcycle Gangs Pay for Subway Improvements

TAX TALK: Will Congress Extend Expired Tax Breaks?

T&E TALK: Don’t Overlook Tax Apportionment in Your Estate Plan

TAX TALK: A Refresher on the ACA’s Tax Penalty on Individuals without Health Insurance

SALT TALK: Head in the Clouds? You Might be Subject to Sales Tax

T&E TALK: The Stretch IRA - A Simple Yet Powerful Estate Planning Tool

TAX TALK: Don’t Wait for Year-End — Here are some Mid-Year Tax Planning Strategies

SALT TALK: Take My Tax . . . Please (California)

T&E TALK: ABLE Accounts for Loved Ones with Special Needs

TAX TALK: Tax Planning Strategies for Businesses

SALT TALK: Remote Sellers - Cry Uncle, Not Wolf?

T&E TALK: IRS Simplifies Rules for Making the Portability Election

SALT TALK: Traps In Transactions: To Bulk Up or Not?

TAX TALK: Tax Consequences of Renting Out Your Vacation Home

T&E TALK: Fraudulent Transfer Laws Can Undo Your Estate Plan

TAX TALK: Summer is a Good Time to Start Your 2017 Tax Planning

SALT TALK: Texas Issues New Specialty License Plate for Complying with State Tax Law

T&E TALK: Leaving Specific Assets to Specific Heirs is Risky

SALT TALK: The Founding Fathers Never Envisioned an “Internet Tax”

TAX TALK: When Are Moving Costs Deductible?

T&E TALK: Is It Time for a Charitable Lead Trust?

SALT TALK: Love vs. the Tax Department – Love Wins Round One

TAX TALK: 2017 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers

T&E TALK: A Video of Your Will Signing May Not Produce the Desired Outcome

SALT TALK: Are You a Visionary?

TAX TALK: Some Items to Consider When Selling Securities

T&E TALK: Protect Your Retirement Savings from Creditors

TAX TALK: Coverdell ESAs: The Tax-advantaged Way to Fund Elementary and Secondary School Costs

SALT TALK: I Read the (State Tax) News Today, Oh Boy

T&E TALK: For Intrafamily Lending, Consider Establishing a Family Bank

TAX TALK: Donating a Vehicle Might Not Provide the Tax Deduction You Expect

SALT TALK: The Better Part of Valor is the Discretionary Adjustment

T&E TALK: Do You Know the Fate of Your Electronic Documents?

TAX TALK: Business owners - When it comes to IRS audits, be prepared

SALT TALK: “I Wanna Be a Lifeguard” – But Not in New York

T&E TALK: Principle Trusts Can Encourage Beneficiaries to Lead Responsible Lives

TAX TALK: Are You a Real Estate Professional? Why it Matters

T&E TALK: Watch Out For Pitfalls in Prepaid Funeral Plans

SALT TALK: States Look to Lessons Learned In Fairy Tales to Maintain Sales Tax Base

SALT TALK: June and Pennsylvania Tax Amnesty are “Bustin’ Out All Over”

T&E TALK: Concerned About Challenges to Your Estate Plan? Make it No Contest

TAX TALK: Don’t Give the IRS an Interest Free Loan

SALT TALK: Colorado Use Tax Notice and Reporting Requirements – Batteries Not Included

T&E TALK: Asset Valuations Essential for Your Estate Plan

TAX TALK: Overtime Wages – Will They be Changing?

TAX TALK: Tax Implications of C Corp’s Buy-sell Agreement

SALT TALK: New York State Budget Makes Taxpayers Proud to be a Union Man (or Woman)

T&E TALK: Be Careful When Using Life Insurance in Your Estate Planning

TAX TALK: Individual Tax Calendar: Key Deadlines for the Remainder of 2017

SALT TALK: New York’s Budget Makes Sales Tax Savings through Leasing Company Highly Suspect

T&E TALK: Using a Roth IRA as an Estate Planning Tool

T&E TALK: Holding Joint Title Has Upsides and Downsides

TAX TALK: Avoid Late-Filing Penalties

SALT TALK: The Chevy Nova, Betsy Ross and the 2017– 2018 New York State Budget

TAX TALK: Tax Benefits of Home Ownership

SALT TALK: New York Budget Bill “Approved” - I’m Now a Law?

T&E TALK: Could Your Charity Reject Your Donation?

SALT TALK: "I'm Just a Bill" - Mobile Workforce Legislation (Re)Introduced

TAX TALK: Reminder - 2nd Quarter Deadlines for Businesses

T&E TALK: Keep Family Issues Out of the Public Eye by Avoiding Probate

TAX TALK: Are You Eligible to Claim the American Opportunity Credit?

SALT TALK: Pennsylvania Tax Amnesty - The I Forgot to Pay Taxes Strategy Works if Timing is Right

T&E TALK: Make Health Care Decisions While You're Still Healthy

SALT TALK: Inferences, Conclusions, Relationships, and Residency Audit Traps

TAX TALK: There is Still Time to Make 2016 IRA Contributions

T&E TALK: April 1 - It May be Time to Take Required Minimum Distributions

TAX TALK: Dependent Exemption for Elderly Parents

SALT TALK: NYC Taxpayer Gets Favorable REIT Transfer Tax Rate - ALJ Rules Everything is Less Than Zero

T&E TALK: Irrevocable Life Insurance Trust — A Great Wealth Preservation Tool

TAX TALK: Repair & Improvement Safe Harbors Help Accelerate Tax Deductions

SALT TALK: California Minimum Franchise Tax Refund Opportunity – May the Swart [1] Be With You

T&E TALK: Special Planning When Leaving Your IRA to Someone Other Than Your Spouse

TAX TALK: Simplified Method for Determining Potential Estate Tax Exposure

SALT TALK: Refund Claims – Be Careful What You Wish For

T&E TALK: 2016 Charitable Deductions: Substantiate or Lose Them

SALT TALK: NYS Proposal Would Have a Major Impact on Real Estate Transactions

TAX TALK: Are You Required to File a 2016 Gift Tax Return by April 18?

T&E TALK: Five Estate Planning Questions for Single Parents

T&E TALK: Post Mortem Estate Planning Strategies for Couples

SALT TALK: Change of NY Domicile Successful by Dumping Old Girlfriend; Keeping Old Dog

TAX TALK: Basics of Incentive Stock Options

TAX TALK: The Domestic Production Activities Deduction Applies to More than Just Manufacturing

SALT TALK: As Amazon Goes, So Goes the Nation

T&E TALK: Set up Trusts in a More “Trust-friendly” State

TAX TALK: Investment Interest Expense Deduction and Its Limitations

SALT TALK: Governor Cuomo Unveils Executive Budget Proposal

T&E TALK: Explore All of Your Options When Appointing an Executor

SALT TALK: Expiring New York Millionaire’s Tax May Be Extended

T&E TALK: Basic Asset Protection Strategies

TAX TALK: Can you Benefit from the State & Local Sales Tax Deduction?

TAX TALK: Help Prevent Tax Identity Theft by Filing Early

SALT TALK: Who Let the Dog Out? – Legislation by Administration Leads to Confusion

T&E TALK: Declaring an Elderly Parent Incapacitated

SALT TALK: Nonresident of Connecticut Subject To Tax on Exercise of Stock Options

TAX TALK: 2017 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

T&E TALK: Factoring Intellectual Property in your Estate Plan

SALT TALK: May the Source Be with You – NY Nonresident Subject to Tax on Litigation Settlement

TAX TALK: Retirement Plan Contributions Remain Largely Unchanged

T&E TALK: What if the Death Tax Dies?

TAX TALK: IRS Reduces the Optional Standard Mileage Rate for 2017

SALT TALK: Year-End Planning Tips – Sales Tax and Revisiting Responsible Person Liability

T&E TALK: Making Annual Exclusion Gifts before 2016 Ends May Be the Right Move

T&E TALK: Family Matters: Stepchildren and Your Estate Plan

TAX TALK: Deducting Year-end Bonuses

SALT TALK: NYC Department of Finance Cautions Us with Unusual Year-End Gift

TAX TALK: Buy Business Assets Now for 2016 Tax Benefits

SALT TALK: Year End Planning Tips – When a Tax is NOT a Tax

T&E TALK: Community Property States Require Extra Estate Planning

T&E TALK: Should You Keep Your Trust A a Secret?

SALT TALK: Year End Planning Tips – Taxing Reasons Not To Visit Your Relatives for the Holidays

TAX TALK: Basic Rules of Deferred Compensation under Nonqualified Plans

TAX TALK: Highlights of Trump’s Tax Proposals for Individuals

SALT TALK: NJ Attempt to Sack the Carried Interest Leaves Downfield Options Wide Open

T&E TALK: Family Mission Statements Promote a Harmonious Estate Plan

SALT TALK: Fed Cuts May Lead to State Hikes

T&E TALK: The Wrong Life Insurance Beneficiary Damaging to Your Estate Plan

TAX TALK: Beware of Income-Based Limits on Itemized Deductions and Personal Exemptions

T&E TALK: Address Elderly Parents in Your Estate Planning

SALT TALK: Who Wants to RAP[P] About NYC Taxes?

TAX TALK: More Tax Considerations for the Self-Employed (Part II)

SALT TALK: NJ Estate Tax Repealed, Inheritance Tax Still Creates Major Roadblock, Gas Tourists No Longer Welcome

T&E TALK: Transfer a Family Business in a Tax-Smart Way

TAX TALK: Tax Considerations for the Self-Employed (Part I)

T&E TALK: Private Foundations Aren’t Only for the Rich and Famous

SALT TALK: Fantasy Football for the Supreme Court?

TAX TALK: Timing Your Business Income and Expenses

T&E TALK: Grantor and Crummey Trusts Good Options to Fund a Grandchild’s Education

SALT TALK: Knicks – Pacers Rivalry No Help for New York State Residency Audits

TAX TALK: Changing Jobs? Consider Your Options for Your Old Retirement Plan

TAX TALK: Get More Bang for the Buck by Donating Appreciated Stock Instead of Cash

SALT TALK: Hurricane Forecasts and State Tax Planning Shouldn’t Hinge on News Provider of Choice

T&E TALK: Pre-nups and Estate Plans Go Hand-in-hand

SALT TALK: Eating Warm Cookies in NYS Unhealthy (for your Bottom Line)

TAX TALK: Saving for College? Prepaid Tuition Plan v. College Savings Plan? — Part 2

T&E TALK: Provide for the Removal of Trustee in Estate Plan

SALT TALK: Going Mobile – Feds May Finally Intervene

TAX TALK: Saving for College? Prepaid Tuition Plan v. College Savings Plan?

T&E TALK: Getting Started on Your Estate Plan: Inventory and Value Assets; Estimate Tax Liability

TAX TALK: Business Expense Deductions Require Documentation

T&E TALK: Consider SNTs for Loved Ones with Special Needs

SALT TALK: Aliens, Adult Entertainment, and Amnesty

TAX TALK: Are You an Investor or a Trader?

SALT TALK: Catch Me if You Can Evolves to Match Me if You Can

T&E Talk: Review Your Powers of Attorney at Least Every 5 Years

SALT TALK: What’s All This Noise I Hear about Uniforms Being Unconstitutional in Pennsylvania?

TAX TALK: Does the IRS Tax Frequent Flyer Miles?

T&E TALK: Direct Payments of Tuition and Medical Expenses Can Reduce Future Estate Tax Exposure

T&E TALK: Proposed Valuation Regulations May Have a Major Impact on Real Estate Families

TAX TALK: Bunch Miscellaneous Itemized Deductions to Maximize Tax Benefit

SALT TALK: State Tax Auditors are People Too?

TAX TALK: Combining Business and Vacation Travel: What Can You Deduct?

T&E TALK: Tread Carefully If You and Your Spouse Have Similar Trusts

SALT TALK: NYC TAT Opinion Puts Example C on Par with “Plan 9”

T&E TALK: Proposed Regulations Demand Review of Your Estate Plan

SALT TALK: Sales Tax Holidays – State Governments Attempt to Improve the Staycation?

TAX TALK: Simple Gifting Strategies for Income and Estate Taxes Purposes

T&E TALK: Common Mistakes That Can Derail Your Financial Planning (Part 2)

TAX TALK: Don’t Gamble on your Taxes

SALT TALK: Back to School, Back to Residency Issues

T&E TALK: Common Mistakes That Can Derail Your Financial Planning (Part 2)

TAX TALK: Discover the Benefits of Qualified Charitable Distributions

T&E TALK: Common Mistakes That Can Derail Your Financial Planning (Part 1)

SALT TALK: Pennsylvania Budget Makes Losers of Lottery Winners and Digital Downloaders and Winners Out of Those Owing Back Taxes

TAX TALK: Passive Business Losses are Not Deductible

T&E TALK: AFRs Dipping — A Signal to Look at Your Gifting Plans

SALT TALK: Surprise, Surprise, Surprise — Feds May Require Physical Presence on Main Street

SALT TALK: In Fact It’s a Gas—(Again?) In New Jersey

T&E TALK: Follow All Rules When Transferring Assets to an Irrevocable Trust

TAX TALK: Going Green — Save Energy & Save Taxes

T&E TALK: 3 Benefits of Donor-Advised Fund Giving

SALT TALK: History Buffs, Watch Your Step — FDR Provides Second-Rate Transfer Tax Advice

TAX TALK: Hidden Pitfalls in Mutual Fund Investing

SALT TALK: NJ Assembly and Governor Proffer Additional Reason Not To Get Stuck In Lodi (Again)

TAX TALK: Tax Deferral Opportunities for RSU Awards

T&E TALK: Preparing Your Children to Handle Wealth

SALT TALK: Watching the (Invisible) Detectives – Sales Tax on Protective and Detective Services Muddled Once Again

T&E TALK: Estate Planning Rules Differ for Couples with Noncitizen Spouse

TAX TALK: Certain Meal and Entertainment Expenses are 100% Deductible

SALT TALK: The Use Tax - States Have Created Their Own Parallel Universe

T&E TALK: 529 Plans a Win-Win

TAX TALK: Comparison of Tax-Advantaged Funding of Health Care Costs

T&E TALK: Make an Intrafamily Loan “Bona Fide” to Avoid Gift Tax

SALT TALK: Sticks, Stones and Why Did the Accountant Cross the Road?

TAX TALK: How You Can Partially Deduct a Family Vacation as a Business Expense

TAX TALK: Take Advantage of Market Downturns to Reduce Tax on ROTH Conversions

T&E TALK: Life Insurance Remains a Powerful Estate Planning Tool For Nontaxable Estates

SALT TALK: Special Graduation and Vacation Edition

TAX TALK: Counting Employees for ACA Purposes

T&E TALK: Giving Back – How to Help Your Parents Fund LTC and Associated Medical Costs

SALT TALK: Helen Shapiro Claims She’s Not Responsible – Why Are You?

SALT TALK: Market-Based Sourcing, Choice of Entity, and Inconsistent Results

T&E TALK: Is a Charitable IRA Rollover Right for You?

TAX TALK: Potential Tax Benefits of Summer Day Camp

SALT TALK: You Are What You Eat – How Sales Tax Can Get You In Shape

T&E TALK: The Importance of Updated Wills

TAX TALK: Tax Consequences of Selling Your Home

TAX TALK: QSB Stock Offers 2 Valuable Tax Benefits

T&E TALK: 529 Plans – Saving for College is also Good for Your Estate Plan

SALT TALK: Guitars and the Ever-Increasing Burden of Proof

T&E TALK: QTIP Trusts a Useful Estate Planning Tool for Second Marriages

TAX TALK: Retirement Plan Disqualification Can Trigger Serious Tax Problems

SALT TALK: The Simple Pleasures – State Taxes and Federal Government Intervention

T&E TALK: The Tax Dangers of Providing for Employees in Your Estate Plan

SALT TALK: Use Caution Navigating State Tax Credits

TAX TALK: The Early Bird Gets the Worm…and May Save Some Tax Too

T&E TALK: Estate Plan Should Include Incapacitation Issues

SALT TALK: State Tax Audits – Why Federal Conformity Has Me Waiting By the Phone

TAX TALK: How Long Should you Retain your Tax Records?

T&E TALK: Losses from a Wash Sale are Not Deductible.

TAX TALK: To File or Not to File …

SALT TALK: Ruling on Market Based Sourcing Dispenses with Traditional Doctrine - My Customer’s Customers are Not My Customers

TAX TALK: Entrepreneurs – What Can You Deduct and When?

T&E TALK: Pension Payouts - Lump-Sum or Annuity?

SALT TALK: Sales Tax Planning Allows Building Boxes More Efficiently

T&E TALK: Estate Planning Critical with a Second Marriage

SALT TALK: Tax Fraud, Refunds and the Easter Bunny

TAX TALK: Tips for Deducting Losses from a Disaster, Fire or Theft

T&E TALK: Second Marriage and Your Estate Plan – Keep the Kids in Mind

TAX TALK: Make a 2015 Contribution to an IRA before Time Runs Out

SALT TALK: State Tax Debts - Don’t Believe Everything You Read

TAX TALK: Small Business Health Care Credit

T&E TALK: Naming the Guardian of Your Minor Children

SALT TALK: The Truth Will Set You Free – But First It Will Make You Miserable

TAX TALK: Small Business Tax Credits

T&E TALK: Greater Estate Planning Options Available to Same-Sex Married Couples

SALT TALK: They Call It Instant Justice - Sales Tax on Protective and Detective Services Finally Clarified

SALT TALK: No One Likes a Tattletale

T&E TALK: Moving Your Trust over the State Line May Produce Tax Savings

TAX TALK: Tax Deduction for Different Types of Charitable Donations

T&E TALK: Estate Planning Strategies for 2016 — Don’t Leave Well Enough Alone

SALT TALK: Life Coaching, GPS, or Tax Planning

TAX TALK: Maximizing Your Education-Related Tax Breaks

T&E TALK: Think Twice Before Naming a Minor as a Beneficiary

SALT TALK: New York, Just Like I Pictured It - Skyscrapers and Everything

TAX TALK: Deduct Eligible Home Office Expenses

SALT TALK: State Taxes Shouldn’t Be a Matter of Catch Me if You Can

T&E TALK: A Helping Hand - Addressing Your Parents in Your Estate Plan

TAX TALK: Extension Means Businesses Can Take Bonus Depreciation on Their 2015 Returns – But Should They?

T&E TALK: Buy-Sell Agreements to Protect Your Family

SALT TALK: Audit Burden of Proof - Inventive Ways to Document Your Days

TAX TALK: File Early to Avoid Tax Identity Theft

TAX TALK: Why Investing in Small-Business Stock May Make More Tax Sense Than Ever

T&E TALK: Follow IRS Rules to Avoid Losing Some of Your 2015 Charitable Donation Deductions

SALT TALK: Audit Burden of Proof: Where Was I and the IoT

T&E TALK: Direct Tuition Payments: An Attractive Option for Funding Your Grandchild's College Education

SALT TALK: Counting Days: The Tax Consequences of Getting Sick

TAX TALK: Could You Save More by Deducting State and Local Sales Taxes?

SALT TALK: Counting Days: The Sun May Actually Rise in the West

T&E TALK: Help Preserve Retirement Benefits Using Portability

TAX TALK: 2 Extended Credits Can Save Businesses Taxes on 2015 Returns

TAX TALK: No Changes to Retirement Plan Contributions for 2016

SALT TALK: 2016: When is a Day Not a Day?

T&E TALK: The New Year a Perfect Time for Estate Planning Checkup

TAX TALK: Congress Passes “Extenders” Legislation Reviving Expired Tax Breaks for 2015

SALT TALK: Permanent Place of Abode: Year End Shopping Tips

T&E TALK: Charitable IRA Rollovers Extended Permanently!

SALT TALK: Permanent Place of Abode: Taking Ownership

TAX TALK: 7 Last Minute Tax Saving Tips

T&E TALK: Second-to-die Life Insurance Is a Vehicle to Pay Estate Taxes

T&E TALK: Protecting Your Retirement Savings from Creditors

SALT TALK: Permanent Place of Abode: The Nature of the Relationship

TAX TALK: Avoid a 50% Penalty: Take Retirement Plan RMDs by December 31

TAX TALK: Don’t Miss Your Opportunity to Make 2015 Annual Exclusion Gifts

T&E TALK: Estate Tax Planning for Unmarried Couples

SALT TALK: Permanent Place of Abode: Let’s Eat Out

SALT TALK: Permanent Place of Abode: Can I Call a Plumber?

T&E TALK: Art Appraisal Critical for Donation Purposes

TAX TALK: Year-end Strategies to Reduce Taxes on Investment Income

SALT TALK: Success and Failure Are Not Permanent, So Why Is My Abode?

T&E TALK: Relocating? Investigate Community Property Laws

TAX TALK: Tax-deductible Contributions to Qualified Charities

TAX TALK: Saving for college through a 529 savings plan

T&E TALK: Irrevocable Trusts for the Young and Wealthy

SALT TALK: Where You Rest Your Weary Bones May Have No Impact on Tax Residency

SALT TALK: Golf and a Little Bit of Residency Planning, Anyone?

T&E TALK: Keeping Life Insurance Proceeds Out of Your Estate

TAX TALK: Tax consequences of refinancing your home (Part 2 of 2)

TAX TALK: Tax consequences of refinancing your home (Part 1 of 2)

SALT TALK: Traps In Transactions: To Bulk Up or Not?

T&E TALK: Incapacitation of Elderly Parent a Tough Family Decision

SALT TALK: Traps in Transactions: Don't Take Sales Tax So Casually

T&E TALK: Pitfalls of Joint Ownership

TAX TALK: To Bunch or not to Bunch?

TAX TALK: Using an S Corporation to Minimize FICA and Medicare Tax

T&E TALK: Tax Planning with CRTs

SALT TALK: Traps inTransactions: Tax Free for Fed Doesn’t Mean Tax Free for State and Local

T&E TALK: Divorce and Your Estate Plan

TAX TALK: Should You Contribute More to Your 401(k) in 2015?

SALT TALK: Traps inTransactions, Part II: Don’t Let theTransfer Tax Creep Up on You

TAX TALK: Which income investment is not like the others?

T&E TALK: Focus Shifting to Income Taxes in Estate Planning

SALT TALK: Traps in Transactions: Don’t Stumble Over a Good Deal

TAX TALK: Can You Say IC-DISC?

SALT TALK: The Supreme Court - Once Bitten Twice Taxed Revisited

T&E TALK: How Do I Choose My Estate's Executor?

T&E TALK: Life Insurance Owner? Consider Establishing an ILIT

SALT TAX: Online Sales Tax - Caveat Venditor…

TAX TALK: Collectibles For Charity

T&E TALK: Don’t Forget Your Digital Assets

SALT TALK: Free Delivery and ...

TAX TALK: Never put off for tomorrow, what you can do today

About Berdon Blogs

Our experts examine the latest trends, economics, business conditions and industry issues to provide timely information you need to maximize your tax advantages and meet your financial goals.

SALT TALK: Hear an insider’s perspective on the business issues, legislative updates in state and local tax, and tax aspects behind today’s headlines.

T&E TALK: Gain insights into how changes in tax laws, shifts in the financial markets, and regulatory concerns will impact assets and affect preserving and transferring wealth.

TAX TALK: Get an all-inclusive perspective on regulatory changes, industry issues, and trends from our team of multidisciplinary tax professionals – many of whom also hold J.D. and LL.M degrees.