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Results: 1-10 of 106

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


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


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 of Appeals reverses part of IRS victory in gift with retained interest case
  • Loeb & Loeb LLP
  • USA
  • December 1 2010

Gifts that you make during your lifetime may be subject to a gift tax, but they are not included as a part of your estate for estate tax purposes if you really part with the property that is the subject of the gift


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 planning changes, opportunities, and pitfalls in the new tax law
  • Loeb & Loeb LLP
  • USA
  • April 26 2011

It is rare that Congress and the President unite on a bipartisan basis to pass a tax law that provides estate tax relief


IRS streamlines Offshore Voluntary Disclosure Program
  • Loeb & Loeb LLP
  • USA
  • September 29 2014

On June 18, 2014, the IRS announced new Streamlined Filing Compliance Procedures (Streamlined Programs) and changes to the existing Offshore


Do you still have title and other insurance on your house and other real property?
  • Loeb & Loeb LLP
  • USA
  • May 19 2009

While not a tax issue per se, the problem discussed here often arises as a result of transfers of real property that were made for income or estate tax planning purposes


IRS clarifies application of passive loss rules to trusts
  • Loeb & Loeb LLP
  • USA
  • November 21 2007

Under IRC 469, losses incurred by individuals (including estates and trusts) in connection with passive activities are deductible only to the extent that the taxpayer also has income from passive activities