Estate Planning During COVID-19
At Hickmon & Perrin, the health and safety of our clients and staff are our most important priorities. We also want you to know that during the midst of the COVID-19 outbreak, we are here [...]
United States Tax Court Issues Opinion in Estate of Turner V. Commissioner Reducing Marital Deduction for Federal and State Estate Taxes
Following a petition to resolve an ongoing controversy regarding the computation of the marital deduction under Code Section 2056, on November 20, 2018 the United States tax court issued an opinion in Estate of Turner [...]
IRS PUBLISHES PROPOSED REGULATIONS ON PASS-THROUGH DEDUCTIONS UNDER CODE SECTION 199A
The IRS has issued proposed regulations on one of the most complicated but beneficial provisions under the Tax Cuts and Jobs Act: the pass-through and qualified business income (QBI) deductions under Code Section 199A. [...]
IRS Publishes Final Regulations Defining Terms Relating to Marital Status
The Internal Revenue Service (“IRS”) and the Department of the Treasury have released a notice of proposed rulemaking to follow the rulings of Windsor v. United States, 133 S. Ct. 2675 (2013) and Obergefell v. [...]
Understanding Retirement Plan Assets – Options for Surviving Spouses
Trillions of dollars have been invested in individual retirement plans (IRAs) and qualified retirement plans (QRPs), such as 401(k) plans and 403(b) plans. These retirement assets comprise a substantial portion of the net worth of [...]
A post-Obergefell Review of Spousal Rights in North Carolina
In Obergefell v. Hodges the Supreme Court of the United States ruled that a state’s refusal to recognize a same-sex couple’s fundamental right to marry was an unjustified deprivation of the substantive due process and equal protection [...]
Federal Budget Proposals for Fiscal Year 2014
On April 10, 2013, the White House released its federal budget proposals for fiscal year 2014. The Treasury Department’s “General Explanations of the Administration’s Fiscal Year 2014 Revenue Proposals” (the so-called “Green Book”) was released [...]
Jim & Christian to present at Mecklenburg County Bar Association’s 2013 Estate Planning Series
Christian Perrin and Jim Hickmon will each present during the Mecklenburg County Bar Association’s 2013 Estate Planning Series. Christian’s January 22, 2013 presentation is entitled “Attorney as Executor: Ethics in Estate Administration & Estate Controversy.” [...]
H.R.8, the “American Taxpayer Relief Act” passed in Senate
Senate-Approved Bill Would Avoid Fiscal Cliff Earlier today, the United States Senate, by a vote of 89-8, passed H.R.8, the “American Taxpayer Relief Act” (the “Act”). The Act would prevent many of the tax hikes [...]
Now the Election is Over…
The 2012 election is behind us and once again we find ourselves facing the prospect that major provisions of the Internal Revenue Code and the Treasury Regulations will sunset at year-end letting many of the [...]