On January 1, 2013, when Congress made the Estate Tax Law permanent, it set the exemption for estate and gift taxes at $5.25 million, per person, and it allowed any person’s unused estate and gift tax exemption to be carried over by their surviving spouse (i.e. “portability”). As a result, very, very few couples are now subjected to estate and gift taxes or are ever likely to be. Therefore, for […]
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Archive for 2013
Last May, Kevin J. Moore & Associates won a major legal victory for their client, the California State Teachers Retirement System (CalStrs), which is one of the largest pension funds in the world. The historic ruling by the California Court of Appeals for the Second District found that a 20-year possessory interest tax imposed on CalSTRS’ real estate investment properties was unconstitutional. While the impact of this ruling is still […]
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