Alan S. Gassman, JD, LL.M. (Taxation), is a Clearwater, FL-based estate planning attorney. Writing for Forbes since 2010, Gassman covers high net worth family planning, physician asset protection, and business structuring. Prominent works include "Maximizing Estate Tax Savings,"
Your CPA’s Guide To The New ERC Crisis
The expansion and strong marketing tactics of good-for-nothing “accounting advisors” who encouraged taxpayers to qualify for the Employee Retention Credit (“ERC”) when...
Sunshine State Becomes The Firearm State: Florida’s New Permitless Concealed Carry Law
There is continuous debate surrounding the rights to gun ownership and what regulations should or should not be implemented.
Biden’s War On Billionaires
All American earners are subject to federal income taxes, but not everyone is subject to the same tax rate. While middle-class Americans pay, on average, roughly 14% in federal taxes annually, the wealthiest American families frequently use loopholes to avoid paying these tax rates.
Revenue Ruling 2023-2 Got It Wrong? The Case For A Stepped-Up Basis When The Grantor Dies
It is the duty of a tax professional to advise and educate clients so that clients can make informed and intelligent decisions.
Bernie Sanders And Elizabeth Warren Win A Battle In The War On The Taxation Of Grantor Trusts
Estate tax planning experts and many affluent taxpayers are aware of the multiple advantages of what are known in the technical jargon as "Intentionally Defective Grantor Trusts" (IDGTs), which are irrevocable trusts that are intentionally drafted to trigger grantor status. This means that all...