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Estate of Giovacchini v. Commissioner, T.C. Memo 2013-27
- Proskauer Rose LLP
- -
- USA
- -
- March 8 2013
The Tax Court redetermined values for estate and gift tax purposes of a large parcel of more than 2,500 acres of land near Lake Tahoe, California
Estate of Kite v. Commissioner, T.C. Memo 2013-43
- Proskauer Rose LLP
- -
- USA
- -
- March 8 2013
The Tax Court held that a surviving spouse's sale of substantial entity interests to trusts for her children in exchange for a 10-year deferred
Estate of Nancy P. Young v. United States (D. Mass., No. 1:11-cv-11829-RWZ, 121712)
- Proskauer Rose LLP
- -
- USA
- -
- February 12 2013
In Estate of Nancy P. Young v. United States, the District Court upheld a latefiling penalty against an estate whose accountants advised it to file
Estate of Bates v. Commissioner, T.C. Memo. 2012-314, November 7, 2012
- Proskauer Rose LLP
- -
- USA
- -
- December 7 2012
The Tax Court ruled that the cost of settlement could not be deducted as an administrative expense on an estate tax return, because the claim was for a beneficiary's distributive share and not for a creditor's claim against the estate
Estate of Thouron v. United States, E.D. Pa., no. 2:11-CS-04058 (11082012)
- Proskauer Rose LLP
- -
- USA
- -
- December 7 2012
The U.S. District Court for the District of Pennsylvania held that relying on the advice of a tax attorney was not reasonable cause for the late payment of estate taxes
Keller v. United States, 5th Cir., No. 10-41311 (092512)
- Proskauer Rose LLP
- -
- USA
- -
- November 15 2012
In Keller, the Fifth Circuit Court of Appeals ruled that an estate was entitled to an estate tax refund for the discounted value of a family limited partnership ("FLP") that was created during the decedent's lifetime but not fully funded until after the decedent's death
Crummey withdrawal notices recommended practices
- Proskauer Rose LLP
- -
- USA
- -
- September 10 2012
Under current tax law, an individual is entitled to make gifts of up to $13,000 per donee per year without being subject to gift tax
Income tax deductions for charitable donations may be denied without a qualified appraisal Mohamed v. Commissioner, T.C. Memo 2012-152
- Proskauer Rose LLP
- -
- USA
- -
- September 10 2012
Obtaining a qualified appraisal is an essential requirement for claiming an income tax deduction for charitable donations of property worth more than $5,000
Estate of Stone v. Comm'r, T.C. Memo 2012-48 (2222012)
- Proskauer Rose LLP
- -
- USA
- -
- April 2 2012
In Stone, a recent Tax Court case, the Court determined that the transfer of undeveloped woodlands to a family limited partnership (an "FLP") was a bona fide sale, since the record established that the FLP was created for legitimate non-tax reasons
Freeman v. U.S. (E. D. Pennsylvania, January 30, 2012)
- Proskauer Rose LLP
- -
- USA
- -
- March 6 2012
A U.S. District Court in Pennsylvania held that an estate was liable for penalties and interest for the late filing of an estate tax return because the executor did not have reasonable cause for filing after the deadline
Current Search
- Jurisdiction - USA
- Workarea - Private Client & Offshore Services
- Workarea - Corporate Tax
- Workarea - Litigation
- Author - David Pratt
- Author - George D Karibjanian
- Author - Andrew M Katzenstein