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Results: 1-10 of 118

Tax Court Resolves Dispute Over the Valuation of Old Master Artworks
  • Loeb & Loeb LLP
  • USA
  • April 17 2017

The Tax Court frequently becomes involved in the resolution of disputes between a taxpayer and the IRS over the value of an asset. Most often these


ILPA Questions, Suggests Guidance on, Subscription Lines
  • Loeb & Loeb LLP
  • USA
  • April 18 2017

An industry group representing institutions that invest in private equity funds has questions about how funds use subscription lines or other forms


New IRS Reporting Requirements for Foreign-Owned U.S. Disregarded Entities
  • Loeb & Loeb LLP
  • USA
  • April 17 2017

In December 2016, new regulations were issued that require any U.S. entity that is both (i) wholly owned (whether directly or indirectly) by a foreign


California Supreme Court Clarifies Certain Statutes Regarding Trust Spendthrift Clauses
  • Loeb & Loeb LLP
  • USA
  • April 17 2017

The California Supreme Court's recent opinion in Carmack v. Reynolds clarifies the effect of "spendthrift" trust clauses, which are intended to


New Due Date for FBARs
  • Loeb & Loeb LLP
  • USA
  • April 17 2017

Beginning this year, the annual Report of Foreign Bank and Financial Accounts will be due on the same date as the individual income tax return


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


Executors must be careful when requesting an extension of time to pay estate tax
  • Loeb & Loeb LLP
  • USA
  • April 6 2011

The federal estate return and the payment of any estate tax are both due nine months after the date of a decedent's death


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”


Section 1031 Exchange Runs Afoul of Related Party Prohibition
  • Loeb & Loeb LLP
  • USA
  • December 16 2016

In the recent case of Malulani Group, the Tax Court held that the taxpayer's attempt to structure an IRC Section 1031 exchange ran afoul of the