Business Planning
Estate Planning
Personal Planning
Retirement Planning
Sample Documents
AP Seminar
Please email questions or comments to Advanced Planning

2010 AP Bulletin Archive Page

  • December 2010
    • Legacy of Enron Continues: Treasury Expands Partnership Anti-Abuse Regulations: Treasury Decision 9485 (June 28, 2010)
    • Inflation and Cost of Living Adjustment Figures for 2011
    • The IRS Checks Back In With the Incidental Death Benefit Rules: Private Letter Ruling 2010-43-048 (August 3, 2010)
    • Time is Running Out to Take Advantage of 100% Exclusion of Gain on Sale of Qualified Small Business Stock
  • November 2010
    • Contact Client Now to Share Planning Ideas for Remainder of 2010
    • Year-End Gifting Strategies
    • Breaking the Cardinal Rule? Cross-Endorsements as an Alternative Method for Arranging Life Insurance Policies in a Cross-Purchase
    • The Gift Tax Consequences of Giving Long Term Care Insurance
    • New Roth 401(k) Rules Provide Limited Benefits
  • October 2010
    • Options for Paying Estate Taxes
    • Good News for Partial Exchanges and Partial Annuitizations: Private Letter Ruling 2010-38-012 (September 24, 2010); and Section 2113 of the Small Business Jobs Act of 2010
    • Sticking It to the Taxpayer – Deduction Denied for Interest on Graegin Loan: Stick v. Comm’r, T.C. Memo 2010-192 (September 1, 2010)
    • IRS Scores a Victory in Family Limited Partnership Valuation Discount Case: Holman, Jr. v. Comm’r, 105 A.F.T.R. 2d 2010-1802 (8th Cir. 2010)
    • Brief Summaries
      • Executive Compensation
  • September 2010
  • August 2010
    • Making Gifts and Paying Tax in 2010 – It Really Might Be Worth It
    • Spendthrift Trust Upheld Despite Beneficiary’s Control of Trust: Miller v. Kesser, ­­__ So. 3d. __, (Fla. Dist. Ct. App.) (May 5, 2010)
    • Slapped… Then Slapped Again: Seizing IRA Assets for Unpaid Payroll Taxes: Swanton v. Comm’r, T.C. Memo 2010-140 (June 24, 2010)
    • Creditors Can Charge Through Florida LLCs: Olmstead v. FTC, Case No. SC08-1009 (Fla. 2010)
    • Discounting Fractional Interests – High School Math Does Come In Handy: Ludwick v. Comm’r, T.C. Memo 2010-104 (May 10, 2010)
    • Brief Summaries
      • Estate May Bring a Malpractice Claim Against Decedent’s Attorney
  • July 2010
    • New Investment Income Tax is Selective About Its Victims
    • Watch Out for Snakes in the Grass: Tax Apportionment Can Lead to Unintended Consequences: Estate of Sheppard v. Schlies, 2010 WI 32 (May 4, 2010)
    • Be Careful Where You Step: Pierre v. Commissioner, T.C. Memo 2010-106 (May 13, 2010)
    • Securities and Exchange Commission as a Creditor: SEC v. Solow, 682 F.Supp.2d 1312 (S. Dist. Fla. 2010)
    • Brief Summaries
      • Designated Beneficiaries of IRAs
  • June 2010
    • Recharacterization of Roth IRA Conversions:  The Truth is Out There
    • A Checklist to Test if a Welfare Benefit Plan Works: Supreme Court’s Refusal to Hear Appeal of DeAngelis v. Comm’r Provides Opportunity to Review the Many Hurdles for Welfare Benefit Plan Deductions: Supr. Ct. Dkt. 09-895 (March 22, 2010)
    • No Second Class of Stock: S Corporation May Make Discretionary Distributions Due to Tax Return Adjustments: Private Letter Ruling 2010-17-019 (April 30, 2010)
    • Brief Summaries
      • Report to Congress on Charity-Owned Life Insurance
  • May 2010
    • Using Roth IRAs to Help Children Save (from) Themselves
    • Are Inherited IRAs Protected from the Beneficiary’s Creditors? No…. Wait, Yes…. Maybe? In Re: Chilton, 105 A.F.T.R. 2d 2010-1271 (March 5, 2010); In Re: Nessa, 105 A.F.T.R. 2d 2010-1825 (April 9, 2010)
    • The Annual Exclusion and Gifts of LLC Interest: The Taxpayer Strikes Out Again: Fisher v. U.S., 105 A.F.T.R. 2d 2010-1347 (March 11, 2010)
    • Brief Summaries
      • Trustee’s Fees and No 2% Limitation Extended – Again
      • Qualified Joint and Survivor Annuity
  • April 2010
    • Getting the Long-Term Care Insurance Deduction for Owner/Employees of S Corporations (and other Self-Employed Taxpayers)
    • Don’t Play Games When Valuing a Life Insurance Policy: Matthies v. Comm’r, 134 T.C. No. 6, (February 22, 2010)
    • A Spousal IRA Rollover When a Trust is Named Beneficiary: Too Little Control Equals No Rollover: Private Letter Ruling 2009-44-059 (October 30, 2009)
    • Once Upon A Time There Was A QTIP Election: Estate of Morgens v. Comm’r, 133 T.C. 17 (December 21, 2009)
    • Brief Summaries
      • Net Unrealized Appreciation
  • March 2010
    • Ten Ways to Add Flexibility to Irrevocable Life Insurance Trusts
    • The 10% Early Withdrawal Penalty – Chart Comparing the Exceptions for Qualified Plans, IRAs, and Nonqualified Annuities
    • Roth Conversions and Life Insurance
    • Gifts to Grantor Trusts in 2010: Threatened, but Unscathed: Notice 2010-19, 2010-7 I.R.B. (February 2, 2010)
    • Self-Settled Trust Not Included in Grantor's Estate: Private Letter Ruling 2009-44-002 (October 30, 2009)
    • When Can a Minor Disclaim? Private Letter Ruling 2010-04-006 (January 29, 2010)
    • Using Gifts to Maximize an Inheritance
    • Brief Summaries
      • Prohibited Transaction
  • February 2010
    • Avoiding Estate Inclusion of Life Insurance Payable to a Partnership: Private Letter Rulings 2009-47-006 (November 20, 2009), 2009-48-001 (November 27, 2009) and 2009-49-04 (December 4, 2009)
    • IRS Says the Options for Post-Tax Dollars in a Qualified Plan are Limited: Notice 2009-68, I.R.B. 2009-39 (September 4, 2009)
    • Rolling Over a Community Property IRA: Private Letter Ruling 2009-50-053 (December 11, 2009)
  • January 2010
    • 2010 Estate Tax Repeal? Watch Out for Flying Pigs!
    • Surrender of Bank-Owned Life Insurance is Deductible; “Basis” is Lower than “Investment in the Contract”: Private Letter Ruling 2009-45-032 (November 6, 2009)
    • Someone Other than the Donor Treated as the Owner for Income Tax Purposes – Another Piece in the Puzzle: Private Letter Ruling 2009-49-012 (December 4, 2009)
    • Brief Summaries
      • Spousal IRA Rollover

This publication is not intended as legal or tax advice. This information was compiled by The Northwestern Mutual Life Insurance Company. It is intended solely for the information and education and/or promotional purposes of Northwestern Mutual financial representatives and advisors with whom they work. It must not be used as a basis for legal or tax advice, and is not intended to be used and cannot be used to avoid any penalties that may be imposed on a taxpayer. Financial representatives do not give legal or tax advice. Taxpayers should seek advice based on their particular circumstances from an independent tax advisor. Tax and other planning developments after the original date of publication may affect these discussions.

© 2016 The Northwestern Mutual Life Insurance Company, Milwaukee, WI