The role of the Tax Committee is primarily educational. Guest speakers are frequently invited to monthly meetings to discuss specific areas of law that are of interest to the Committee. The Committee meets annually with representatives from the Pennsylvania Department of Revenue to share knowledge about their respective trust and estate practices.  In more recent years, there has been a concerted effort to provide CLE for its programs, when appropriate.

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Meetings

Meetings are generally held the third Tuesday of the month at 9:00am.

Currently scheduled meetings for 2024 are: 02/20 – Round Table; 05/21; 06/18; 09/17; 10/15; 11/19. Please contact the Committee Co-Chairs for further details.

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Co-Chairs

TBD

 

If you would like to join our mailing list for this Committee, please contact George Deeney. Highlights of recent programs include:

1. “Corporate Transparency Act” - Michael A. Breslow, Esq. (Partner, Heckscher, Teillon, Terrill & Sager, P.C.) led a CLE eligible session which summarized the CTA and the Final Disclosure Regulations, the entities to which it applies, the information that is required to be reported and other important aspects of the Regulations; and, highlighted the American College of Trust and Estates Counsel’s (ACTEC) comments to FinCEN’s Notice of Proposed Rulemaking for Proposed Regulations issued in December 2021, which focused specifically on the application of the Regulations to private trusts. (9/26/2023)
2. A Primer on Spousal Lifetime Access Trusts” - Marguerite C. Weese, Esq. (COO, Emerald Family Office & Advisory National Director, Family Legacy Strategies at Wilmington Trust) and Jeffrey C. Wolken. Esq. (National Director, Delaware Trust Planning at Wilmington Trust) led this CLE eligible program and provided an overview of the use and structure of a SLAT, including an examination of specific provisions frequently utilized. (6/20/2023)
3. “Hot Topics in Estate Planning” – Paul S. Lee, J.D., LL.M. (Chief Tax Strategist, The Northern Trust Company) provided sophisticated and innovative planning perspectives. This presentation was hosted at the Barnes Foundation by Michelle Hong as co-founder of the Philadelphia office of Northern Trust. (11/29/2022)
4. Periodic roundtables on developing areas, such as informal discussion in January 2023 of the key points of SECURE 2.0 shortly after its passage, and highlights from Heckerling Institute.

 

 

• Meeting Handouts - October 27, 2015
  • Tax Update
  • Tax Committee Notes
• Meeting Handouts - May 19, 2015
  • May Tax Update
  • Wendi L. Kotzen of Ballard Spahr, LLP presented on Realty Transfer Tax
• Meeting Handouts - February 24, 2015
  • February Tax Update
  • Tax Clause Chart
• Meeting Handouts - October 28, 2014
  • Tax Committee Notes
  • REV-1500 Announcement
  • Pennsylvania Department of Revenue - Inheritance Tax REV-1500 Revisions
• Meeting Handouts - June 24, 2014
  • Tax Update
  • Peter Rosenberg United States Beneficiaries of Foreign Trusts and Estates A Walk Through the Code Sections and More
  • Instructions for Form 706-NA
  • Dying Abroad With United States Assets
  • Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b)
  • United States Estate (and Generation- Skipping Transfer) Tax Return
• Meeting Handouts - May 20, 2014
  • Tax Update
  • Assorted GST Issues
  • Gift Splitting for GST Purposes for Trusts in which the spouse has an interset
  • How Portability Has Changed GST Planning
  • The ETIP Rule and its "Remote Possibility" Exeption
  • Thoughts about the Administration's Proposal to Modify (GST) Tax Treatment of (HEETs)

• Meeting Handouts - March 25, 2014
  • Tax Update
  • Discussion Outline - Impact of Portability and Increased FET Exemption

• Meeting Handouts - February 25, 2014
  • Tax Update
  • Charles Bender's presentation on PA Inheritance Tax Exemption for Interests in Qualified Family Owned Businesses
  • PA Schedule CCB
  • PA Inheritance Tax Return Schedule O
  • An Article authored by Charles Bender in the Real Property, Probate & Trust Law Section Newsletter

• Meeting Handouts - January 28, 2014
  • Tax Update

• Meeting Handouts - October 22, 2013
  • Tax Update
  • Tax Committee Notes
  • Pennsylvania Realty Transfer Tax - No. RTT-04-020 - Transfer to Revocable Trust

• Meeting Handouts - September 24, 2013
  • Tax Update
  • Section 1411 - "Medicare" Tax on NET Investment Income
  • Rev. Rul 2013-17

• Meeting Handouts - June 25, 2013
  • Tax Update
  • Estate Planning and Florida Law - Speech Outline - June 2013

• Meeting Handouts - May 21, 2013
  • Tax Update
  • The Federal Estate Tax Return: Dealing with Portability and other Preparation Pointers Philadelphia Bar Association’s Probate & Trust Section’s Tax Committee May 21, 2013
  • House Bill No. 440

• Meeting Handouts - March 28, 2013
  • Tax Update
  • Gift Tax Returns - Form 709

• Minutes - January 22, 2013
  • Handout - Tax Update

• Minutes - October 23, 2012
  • Handouts

• Tax Update - September 2012

• Selected Topics in Philanthropy & Tax-Exempt Organizations - September 24, 2012

• Agenda plus Handouts - March 27, 2012
  • Wilmington Trust Year End Letter Handout
  • Estate Planning Magazine September 2011 Article Handout

• Minutes - October 4, 2011

• Minutes - October 5, 2010

• Tax Committee Meeting Notes - December 7, 2010 - Guest Speaker: IRS official John Darazsdi
  • IRS Estate and Gift General Program and Return Information

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Taxation Committee Podcasts

• Daniel R. Ross on the federal estate tax after 2009 at the Nov. 3, 22009 meeting of the Probate and Trust Law Section's Tax Committee.

• Mark Blaskey on estate planning with S corporations and closely held business assets at the April 7, 2009 meeting of the Taxation Committee of the Probate Section

• Dick Nenno on the advantages of using Delaware law in estate planning at the June 2, 2009 meeting of the Probate and Trust Law Section's Tax Committee

• Tax Developments in International Estate Planning by Paula Jones, Esq., of McCarter & English. Jun 2 ‚Äì Trust Decanting and Select Issues in Delaware ..

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