IRS Issues Proposed Regs Taxing Gifts and Bequests From Covered Expatriates

Publisher: Trust & Estates Magazine

September 22, 2015

Day Pitney Author(s) Dina Kapur Sanna

Dina Kapur Sanna wrote about recently issued proposed regulations for the Trust & Estates Magazine, e-newsletter: "IRS Issues Proposed Regs Taxing Gifts and Bequests From Covered Expatriates." The article discussed recent guidance that has been issued to implement Internal Revenue Code Section 2801, enacted more than eight years ago, which imposes a succession tax on U.S. citizens and residents who receive gifts or bequests from individuals who relinquished U.S. citizenship or ceased to be lawful permanent residents of the United States on or after June 17, 2008 and met the tests to be so-called "covered expatriates."

Recommended

Lose the Fear of the Foreign – Practical Planning Strategies

On January 16, Dina Kapur Sanna will be speaking on a panel, "Lose the Fear of the Foreign – Practical Planning Strategies," at the 53rd Annual Heckerling Institute.

January 16, 2019

Heckerling Institute on Estate Planning, University of Miami School of Law, Orlando, FL

Estate Planning Update Winter 2018/2019 - 2019 Inflation Adjustments

December 21, 2018

Day Pitney Estate Planning Update

Estate Planning Update Winter 2018/2019 - Day Pitney Further Expands Presence in Florida Through Merger with Richman Greer

December 21, 2018

Day Pitney Estate Planning Update

Estate Planning Update Winter 2018/2019 - Addressing Elder Financial Fraud

December 21, 2018

Day Pitney Estate Planning Update

Estate Planning Update Winter 2018/2019 - IRS Blesses Lifetime Gifts to Loved Ones

December 21, 2018

Day Pitney Estate Planning Update

Day Pitney Shortlisted for Two 2019 Private Asset Management Awards

December 10, 2018

Day Pitney's Family Office and Trusts and Estates practices have been shortlisted in two categories, "Best Private Client Law Firm" and "Best Trusts and Estates Division," for the 2019 Private Asset Management Awards.

Day Pitney Shortlisted for Family Wealth Report "Legal Team of the Year" Award

November 27, 2018

Day Pitney's Family Office and Trusts and Estates practices have been shortlisted in the "Legal Team of the Year" private client category for the 2019 Family Wealth Report Awards.

Paul Allen's $26 Billion Estate Will Take Years to Unravel

October 18, 2018

Darren Wallace was quoted in an article, "Paul Allen's $26 Billion Estate Will Take Years to Unravel," published by Bloomberg.

Day Pitney and the Association of Corporate Counsel Co-Present "The Power of Women with Wealth" Program

October 3, 2018

On October 3, Day Pitney LLP and the Association of Corporate Counsel (ACC), Northeast Chapter – Women's Initiative co-presented a program, "The Power of Women with Wealth," held at Day Pitney's Boston office.

Leigh Newman to Receive 2019 Kipnis-Wilson/Friedland Award Honoring North American Jewish Women Leaders

August 27, 2018

Partner Leigh A. Newman has been selected by the Jewish Federation of Greater Hartford to receive the Jewish Federations of North America's 2019 Kipnis-Wilson/Friedland Award.