Central Intelligence, February 2024

Stay informed on important court rulings and legislative updates that can impact our industry. Each month, this publication summarizes topics that can directly impact your business. Our February 2024 issue includes:

• Tax Court upholds denial of innocent spouse relief for blogging widow 
• IRS Chief Counsel finds that trust modification constitutes a taxable gift 
• S Corp losses allowed because transfers between entities were equity rather than debt
• Several states amended their state estate tax exemptions for 2024