PLI’s All About Tax Tips for Collectors provides in-depth yet accessible legal and tax guidance that helps you achieve beneficial tax-planning objectives more easily and at less cost.
Written by two of America’s foremost art law practitioners and authors, this plain-English softcover guide spotlights tax-advantaged strategies that you can exploit now, explaining the advantages and operation of (and requirements for) various types of charitable and noncharitable transfers, as well as certain kinds of tax-free like-kind exchanges.
Including adaptable sample forms and step-by-step checklists, All About Tax Tips for Collectors helps you to avoid planning strategies that are no longer desirable, such as fractional gifts; avoid pitfalls associated with certain planning instruments; choose appraisers whose qualifications meet PPA standards; use blockage discounts properly and avoid penalties; settle valuation disputes with the IRS and avoid litigation; obtain the right collection insurance — and a lot more.
Updated periodically, All About Tax Tips for Collectors is a vital guide for art collectors, art investors, wealth planners, and attorneys.