whats legal waht not free legal articles

Tax Asset Protection ClubLegal Free legal info

whatslegalwhatsnot.com™ is the ultimate public service. Owned by an attorney this site serves the latest news and position papers on matters that are controversial, ambiguous, or generally misunderstood for a myriad of reasons, industry by industry. Search for your question or topic of concern and enjoy a short or long list of the latest news or position papers on that topic. Check this site to discover the line between “certainty” and “uncertainty”.

“Certainty” of the Month Example: Private Annuity (Trust) Tax Deferral is Dead! On October 17, 2006 the I.R.S. issued Proposed Regulations 1.72-6(e) and 1.1001-1(j) (reversing Rev.Rul. 69-74) covering certain (private) annuity trust transactions entered into after October 18, 2006, and other types entered into after April 18, 2007. The Private Annuity (Trust) is effectively DEAD after April 18, 2007 in terms of avoiding or deferring taxes! Moreover, if you have such a trust you should contact a specialist attorney to review your situation to safeguard your rights and protections.

WARNING: LIMITATIONS OF USE OF SITE: YOU MAY NOT RELY ON SITE INFORMATION, ARTICLES OR LINKS AS LEGAL, TAX OR FINANCIAL ADVICE. YOU MUST HIRE AN ATTORNEY TO ADVISE YOU AS TO YOUR UNIQUE FACTS AND CIRCUMSTANCES. LEGAL NOTICE: This article is not legal, tax or financial advice, and you may not rely on it for same. This is a brief non exhaustive newsworthy article and may be deemed an advertisement from the State Bar. All Rights Reserved ©2007 Richard I. Rydstrom | IRS CIRCULAR 230 DISCLOSURE NOTICE: To ensure compliance with IRS requirements, we inform you that any U.S. federal tax advice contained in this communication is not intended or written to be used, and cannot be used by any taxpayer, for the purposes of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

[What's Legal?] [Tax Uncertainty] [Liability Uncertainty] [Asset Protection Uncertainty] [BK Uncertainty] [About] [Contact Us] [Site Map]