We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
In cooperation with Association of Corporate Counsel
  Request new password

Search results

Order by most recent / most popular / relevance

Results: 1-10 of 93

$5,120,000 lifetime gift tax exemption expiring soon

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • April 24 2012

To understand the impending deadline, a little history is in order

Two taxpayers lose income tax deductions for spousal support payments

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • September 5 2013

Two recent Tax Court cases serve as a reminder that the income tax deduction for the payment of spousal support is subject to some very specific rules

Private letter ruling suggests that assets held in a grantor trust and not included in grantor’s estate may nevertheless receive a basis increase

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • May 20 2013

In PLR 201245006, the IRS addressed a question that has been puzzling tax advisors for years. A person who was not a citizen or resident of the

IRS moves against incomplete gift strategy

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • April 24 2012

For a long time, a popular tax-planning strategy has involved the use of an “incomplete gift.”

Court approves defined value clause for gift where excess value retained by donor

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • April 24 2012

The U.S. Tax Court has held for the first time in Wandry v. Commissioner (Tax Court, March 26, 2012), that a donor may make a non-cash gift of a stipulated dollar amount and retain any portion of the transferred property value in excess of the stated dollar amount the donor gave away

IRS issues ruling favorable to “intentionally defective grantor trusts”

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • August 26 2008

The so-called “Intentionally Defective Grantor Trust” (“IDGT”) has become a very popular estate planning technique

California graduated probate filing fee held unconstitutional

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • August 26 2008

The State of California imposed a graduated probate filing fee structure based on the value of the probate estate

Estate denied deduction for settlement payment to caregiver

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • January 24 2013

In Estate of Sylvia E. Bates (2012), the Tax Court rejected an estate's attempt to deduct a settlement payment to the decedent's caregiver as an

Estate prevails in dispute over valuation of interest in a closely held business

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • August 2 2011

The taxpayer prevailed in a significant estate tax valuation case in Estate of Louise Paxton Gallagher (June 28, 2011

Co-op shareholder cannot deduct amount of assessment to repair damage

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • August 2 2011

A recent Tax Court case serves to point up one of the distinctions between owning your home outright and owning your home through the ownership of shares in a residential cooperative corporation (“coop”