On Wednesday, February 25, 2015 (12-2p), the MBA Taxation Law Section will be hosting Frank Wolpe as he discusses his thoughts about the current structure of the IRS and how the agency can become more...
On October 28, 2014, the MBA will be sponsoring an estate planning seminar in Springfield, MA. Click on the following link for more information and to register.
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In New England Forestry Foundation, Inc. v. Board of
Assessors of Hawley, SJC-11432 (May 15, 2014) http://www.socialaw.com/slip.htm?cid=22811&sid=120 ,
the Massachusetts Supreme Judicial Court (“SJC”), reversing a decision of the
Massachusetts Appellate Tax Board (“ATB”) http://www.conservationtaxcenter.org/article/Conservation-Easements/Case-Law/NEFF-v-Hawley/873 ,
ruled that taxpayer (“NEFF”), a Massachusetts nonprofit corporation, qualified
for a charitable property tax exemption...
Despite the recent repeal of the Massachusetts computer software and services tax ( http://www.mass.gov/dor/businesses/help-and-resources/legal-library/tirs/tirs-by-years/2013-releases/tir-13-17.html ), the applicability of the Massachusetts sales and use tax to computer software transaction remains an area of concern. On November 8, 2013, the Massachusetts Department of Revenue revised and reissued Letter Ruling 12-8 ( http://www.mass.gov/dor/businesses/help-and-resources/legal-library/letter-rulings/letter-rulings-by-years/2012-rulings/lr-12-8.html...
On January 2, 2013 President Obama signed into law the American Taxpayer Relief Act of 2012 (the “Act”). The Act has brought some welcome permanency to estate planning. Under the Act, the 2012 federal estate, gift, and generation-skipping transfer tax laws remain in effect. Specifically,
the federal estate and lifetime gift tax applicable exclusion amount and the generation-skipping transfer tax exemption amount — the amounts a taxpayer may transfer without incurring estate, gift...