Ivins, Phillips & Barker: New & Noteworthy

In This Issue:

Tax Law Changes May Trigger International Reporting Rules for Owners of Foreign Corporations – 2017 Tax Act may cause more foreign corporations to be classified as CFCs and likely change status of some U.S. persons to U.S. shareholders.
Avoiding the Delaware Tax Trap – Inadvertent application of the Delaware tax trap could be disastrous, and state laws and trust provisions may help avoid this result.
The Reset of DC’s Estate Tax Exemption – The decoupling of DC’s new $5.6 million exemption provides opportunities to lower tax liability.
Update on Tax Reform 2.0 – Permanent extension of tax cuts and the introduction of new ones are in the mix.
It is Never Too Early to Plan for the Certain Future – Inadequate celebrity plans and a bloody codicil offer lessons for getting one’s affairs in order.
IPB in the News