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Results: 1-10 of 108

Surviving spouse permitted to roll over 401(k) distribution to marital trust
  • Loeb & Loeb LLP
  • USA
  • August 14 2015

The IRS has issued a private letter ruling approving a surviving spouse's rollover of her husband's 401(k) plan account to a spousal IRA. The couple


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


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


Consistency in basis reporting
  • Loeb & Loeb LLP
  • USA
  • August 14 2015

A decedent's beneficiaries receive a new income tax basis for the assets that were included in the decedent's estate (with some limited exceptions


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.”


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”


Restrictions on deduction of trustee’s fees deferred through 2009
  • Loeb & Loeb LLP
  • USA
  • August 12 2010

The IRS has deferred for one more year, through 2009, new rules that will require fees charged by trustees to be broken into their various components in order to determine the extent to which they can be deducted for federal income tax purposes


Estate planning for your digital assets
  • Loeb & Loeb LLP
  • USA
  • April 13 2015

If you use a computer, you likely have digital assets that should be addressed as part of your estate planning. Access to digital assets is governed


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