Unnecessary QTIPs? No Problem.

Yesterday, the IRS finally confirmed that it will recognize unnecessary QTIP elections on 706 returns filed to elect portability. This is good news and answers an ambiguity created by the final portability regulations that were issued last year. A qualified terminable interest property (“QTIP”) election is an election under which a portion of a deceased […]


Six Basic Rules for Leasing in the Cannabis Industry

Negotiating and executing a lease is tricky, even without the state-legal, federally-illegal cannabis industry in the mix.  So what should a landlord consider if choosing to lease to a business that operates in the cannabis industry?  And what should a cannabis licensee do to protect its interests?  The following are six basic rules for landlords […]

Aug 29, 2016

Act Now! There’s Still Time to Avoid the New IRS Regulations That Might Raise Taxes on Your Family’s Inheritance

As I mentioned in my last post, the IRS recently released proposed regulations which effectively end valuation discounts that have been relied upon for over 20 years. If the IRS’s current timetable holds, these regulations may become final as early as January 1, 2017. Although that date isn’t set in stone, we expect that the […]

Aug 10, 2016

Are E-Signatures Valid in Oregon?

It is commonly understood that if you sign a paper contract with an ink pen, you are bound by its terms. In a legal sense, by writing your name in a unique and distinctive way, you are identifying yourself and indicating your agreement to the document on which your signature appears. We can all think […]

Aug 03, 2016

Goodbye Easy Estate Valuation Discounts

If you’ve been putting off making gifts of your closely held business interests, you may want to kick start that process. Yesterday, the Treasury department announced its proposed regulations to curb taxpayers’ ability to take significant fractional interest discounts when valuing gifts of closely held business interests for estate and gift tax purposes.  These proposed regulations are targeting, […]



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