The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), P.L. 116-136, enacted March 27, 2020, added a new § 401(a)(9)(I) that eliminates any required minimum distribution for the year 2020. New § 401(a)(9)(I)(i) states that the required distribution requirements...
The following article is adapted from written materials created for a Pennsylvania Bar Institute “webinar” of the same name, catalog #11095 (3/10/2020). The Treasury Department has published final regulations on the changes to the federal estate and gift tax basic...
[This article has not yet been updated to reflect the regulations proposed at 87 F.R. 10504 (2/24/2022), the SECURE 2.0 Act of 2022, Division T of the Consolidated Appropriations Act of 2023, P.L. 117-328, or Notice 2023-54, 2023-31 I.R.B. ___...
Among the more significant tax law changes made by the “Setting Every Community Up for Retirement Enhancement Act of 2019,” also known as the SECURE Act, enacted as Division O of P.L. 116-94, H.R. 1865, the “Further Consolidated Appropriations Act,...
The Pennsylvania realty transfer tax (and the Philadelphia and other local versions of that tax) can be an issue when an executor or administrator is distributing real property from an estate, or when property is being transferred to or from...
[The following is the text of the comments (with some corrections for typographical errors) I have submitted to the Treasury Department on the proposed regulation that addresses changes in the federal estate tax exclusion amount under the tax reconciliation act … Continue reading