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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.”


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”


Gifts and sales combined to determine applicable discount
  • Loeb & Loeb LLP
  • USA
  • August 12 2010

Last September (See, Vol. 4., No. 2) we reported on the first part of the Tax Court’s opinion in Pierre v. Commissioner


Low interest rates make charitable lead annuity trusts attractive
  • Loeb & Loeb LLP
  • USA
  • March 27 2009

We have previously alerted you to the estate and tax planning opportunities in using a Grantor Retained Annuity Trust (a "GRAT") in this time of low interest rates and sharply reduced asset values


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


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


More family limited partnerships in court
  • Loeb & Loeb LLP
  • USA
  • April 24 2012

Several recent cases have addressed tax issues related to family limited partnerships or limited liability companies


How will the Obama presidency impact your taxes?
  • Loeb & Loeb LLP
  • USA
  • November 13 2008

President-elect Obama will take office on January 20, 2009, with a heavily Democratic populated Congress