It is now well established that a plaintiff s attorney should be subject to malpractice liability for not proposing a structured settlement annuity versus a lump sum payment to their injured clients and for not seeking the advice and assistance of a competent financial adviser in the process. The principles underlying this type of malpractice… Continue reading Estate & Trust Attorneys Will Increasingly be Subject to Malpractice Actions Brought by Beneficiaries
Category: Tax
Taxpayer: It’s All About Valuation; IRS: We’re Damned if We Do
Many tax practitioners agree that valuing property for tax purposes is the most important issue that they face. Yet valuation issues are often murky and amorphous. In most cases valuation disputes are resolved in favor of the party that has the most convincing valuation expert. In other cases valuation disputes are resolved on even less… Continue reading Taxpayer: It’s All About Valuation; IRS: We’re Damned if We Do
Lessons Learned from Colorado’s Taxpayer Bill of Rights
Taxpayers’ Bills of Rights (TABORs) prevent state governments from increasing taxes or spending revenue growth without first obtaining voter approval. Several states are poised to adopt state TABORs in the near future. The State of Colorado adopted a TABOR in 1992. There are a number of lessons that other states can learn from Colorado’s TABOR… Continue reading Lessons Learned from Colorado’s Taxpayer Bill of Rights