Message from the Firm
By Michael B. Luftman
Here is our second newsletter on the Pension Protection Act of 2006. As you read through the articles this week and recall the articles from last week, you will realize that the primary theme of the new law is to create a better enforcement environment for the IRS. You probably believed that tax shelters only existed for individuals and for-profit entities, such as corporations and partnerships. The IRS, however, knows better. It knows there are tax shelter approaches which can be taken advantage of by tax-exempt entities, and this is part of what the new law is designed to address.
People often do a significant amount of tax planning at the end of the year, and great care must be exercised in navigating the complex rules in this area. Therefore, we trust you will find the articles in this newsletter not only informative and useful, but also particularly timely.
Reprinted with permission, © 2006 Reish Luftman Reicher & Cohen. All rights reserved. The Reish Luftman Reicher & Cohen Trust and Estate Advisor Report is published as a general informational source. Articles are general in nature and are not intended to constitute legal advice in any particular matter. Transmission of this report does not create an attorney-client relationship. Reish Luftman Reicher & Cohen does not warrant and is not responsible for errors or omissions in the content of this report.
Learn more about R&R's related practice areas:
Tax, Estate Planning & Probate
