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Glass Law News

Gun Trusts

Making Sure Your Guns Stay in the Right Hands “You’ll Shoot Your Eye Out, Kid!” With the holidays just around the corner, it is once again time for that annual tradition of marathon broadcasts of “A Christmas Story.” For every adult that never had (but always wanted one) a Daisy Red Ryder BB-Gun can relate this movie as the…

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Estate Planning for Nonresident Aliens with Property in the United States

Estate Planning: Last will and testament

   You have a client who is a nonresident alien but who owns property in the United States. What are the things you should make your client aware of for the purposes of estate and tax planning? If an individual has property sitused in the United States, first and foremost they should have a Will. There is such a…

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State Court Decision on Transfers Between Couple as Gifts Didn’t Collaterally Estop IRS

legal gavel

The United States Tax Court has concluded that a taxpayer couldn’t assert collateral estoppel against IRS and rely on a State court decision in a lawsuit between her and her ex-boyfriend that cash and property given to her by him were nontaxable gifts under Internal Revenue Code Sec. 102(a)

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How to Fund Your Revocable Living Trust

funding trusts

   Funding Instructions for Revocable Living Trusts In order for your revocable living trust (“RLT” or “trust”) to meet your estate planning goals, it is critical that your assets be titled in the name of your trust. This important process of transferring the title of your assets into your RLT is known as “funding” your trust. The funding instructions…

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IRS on Political Contributions from Tax Exempt 501(c)(3) Organizations


   The Restriction of Political Campaign Intervention by Section 501(c)(3) Tax-Exempt Organizations Under the Internal Revenue Code, all section 501(c)(3) organizations are absolutely prohibited from directly or indirectly participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for elective public office. Contributions to political campaign funds or public statements of position…

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Half of Prince’s Estate Will go to Taxman!


Minnesota Judge Shows No Urgency to The Detriment Of The Estates (Prince) Carver County District Judge Kevin Eide has announced that there will be no quick decisions in who will be inheriting from the late superstar according to USA Today. The probate judge in charge of the legal proceedings surrounding Prince’s estate has further indicated that due to the…

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Using Worker’s Password to Access Info at Former Workplace is Illegal Hacking

employee on computer

   A federal appeals court has ruled that using a former assistant’s password to access information from a previous employer is hacking that is banned by the Computer Fraud and Abuse Act.   The San Francisco-based 9th U.S. Circuit Court of Appeals ruled 2-1 Tues day that former Korn/Ferry employee David Nosal violated the law when he used the…

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IRS Sent Out Erroneous Employment Tax Deposit Penalty Notices


   IRS website, Small Businesses & Self-Employed, “Memorial Day FTD Penalty Error” (Aug. 4, 2016) IRS has announced that it erroneously sent out notices that indicate that taxpayers made late deposits of employment taxes that were due around Memorial Day, 2016 and that impacted taxpayer accounts will be corrected without the taxpayers taking any action. Background. Depending on several…

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