Estate of Liftin v. U.S., 111 AFTR-2d 2013-1426 (Ct. Fed. Cl.) *

USA - June 3 2013
The Court of Federal Claims held that an estate was not entitled to a refund of a late-filing penalty because the estate lacked reasonable cause for…

Co-authors: David Pratt, Andrew M Katzenstein, Henry J. Leibowitz, George D Karibjanian, Mitchell M Gaswirth.

---

June interest rates for GRATs, sales to defective grantor trusts, intra-family loans and split interest charitable trusts *

USA - June 3 2013
The June § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.2%, which is a slight decrease from April's rate…

Co-authors: David Pratt, Andrew M Katzenstein, Henry J. Leibowitz, George D Karibjanian, Mitchell M Gaswirth.

---

Late GST exemption allocation – PLR 201313003 *

USA - May 1 2013
The IRS exercised its discretion to allow a taxpayer to make a late allocation of GST exemption. Over a six-year period, the taxpayer made transfers…

Co-authors: David Pratt, Andrew M Katzenstein, Henry J. Leibowitz, George D Karibjanian, Mitchell M Gaswirth.

---

May interest rates for GRATs, sales to defective grantor trusts, intra-family loans and split interest charitable trusts *

USA - May 1 2013
The May § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.2%, which is a slight decrease from April's…

Co-authors: David Pratt, Andrew M Katzenstein, Henry J. Leibowitz, George D Karibjanian, Mitchell M Gaswirth.

---

Villareale v. Commissioner, T.C. Memo 2013-74 *

USA - May 1 2013
The Tax Court determined the taxpayer was not entitled to a charitable contribution deduction for contributions she made to a public charity she…

Co-authors: David Pratt, Andrew M Katzenstein, Henry J. Leibowitz, George D Karibjanian, Mitchell M Gaswirth.

---