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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.”


Recent case points out even more risks of serving as fiduciary
  • Loeb & Loeb LLP
  • USA
  • August 16 2012

By now most people are aware that significant legal and economic exposure goes along with serving as a personal representative or trustee for a close friend or family member


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


Tax court denies business expense deduction for costs incurred consulting for businesses partially owned by the taxpayer
  • Loeb & Loeb LLP
  • USA
  • December 1 2010

The recent Tax Court case of Estate of Roger Strangeland v. Commissioner illustrates a problem faced by families that have interests in numerous businesses and investments


High net worth family tax report, vol. 10, no.3
  • Loeb & Loeb LLP
  • USA
  • December 16 2015

A variety of planning steps should be considered before the end of the year. One of these is to make any $14,000 annual exclusion gifts you wish to


Passive investments may not be appropriate for family limited partnerships
  • Loeb & Loeb LLP
  • USA
  • May 19 2009

The stream of family limited partnership litigation continues


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


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