Stephen Liss

Stephen’s Recent activity

Estate Planning Threats, Opportunities in the Build Back Better Act

Sep 14, 2021

The $3.5 trillion Build Back Better Act provides a variety of changes across the Tax Code.

New York Simplifies Power of Attorney Form

Dec 21, 2020

The most significant change to state law governing powers of attorney in almost a decade.

New York Allows Video Notarization for Estate Planning

Mar 24, 2020

As social distancing becomes the norm, new solutions are being made available.

Inheritance Taxes Return to U.S. Soil

Nov 09, 2016

The estate tax has been a hot button issue this election season, but many advisors aren’t aware that an inheritance tax may also be on the way...

IRC Section 2801: What U.S. Estate Planners Need to Know

Oct 24, 2016

The donee is required to prove a negative or pay a 40 percent inheritance tax

Using DINGs to Help Reduce Federal Income Tax

Jun 25, 2015

It’s important to take a holistic approach

IRS Issues Draft Form 8938 Instructions

Oct 26, 2011

They contain a number of tax friendly provisions

Valuation Clauses

Apr 01, 2011

Since 2006, taxpayers have won three significant victories related to valuation clauses. Numerous articles have been written on McCord,1 Christiansen2 and Petter,3 explaining both the legal underpinnings of those...

Defining Trust Income

May 01, 2005

In December 2003, the Internal Revenue Service issued new regulations governing the definition of trust income for federal tax purposes. These regulations create significant planning opportunities as well as some...