We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance



Results: 1-10 of 149

Wealth management update
  • Proskauer Rose LLP
  • USA
  • May 7 2014

The May 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 2.4, up 0.2 from April. The May applicable


Estate of Thouron v. United States, E.D. Pa., no. 2:11-CS-04058 (11082012)
  • Proskauer Rose LLP
  • USA
  • December 7 2012

The U.S. District Court for the District of Pennsylvania held that relying on the advice of a tax attorney was not reasonable cause for the late payment of estate taxes


Internal Revenue Bulletin 2012-46 (11132012)
  • Proskauer Rose LLP
  • USA
  • December 7 2012

The IRS said that it does not acquiesce in the Tax Court's March ruling in Wandry v. Commissioner, despite the recent withdrawal of the government's appeal


Schwab v. Commissioner, 111 AFTR-2d 2013-667 (April 24, 2013)
  • Proskauer Rose LLP
  • USA
  • June 3 2013

The Court of Appeals for the 9th Circuit held that the "amount actually distributed" when taxpayers received ownership of life insurance policies was


U.S. v. Blake, E.D.N.Y, No. 12-cv-02577
  • Proskauer Rose LLP
  • USA
  • June 3 2013

The U.S. District Court for the Eastern District of New York abstained from jurisdiction in a claim by the government to collect estate taxes because


Knappe v. U.S., 111 AFTR-2d 2013-1531 (9th Cir.)
  • Proskauer Rose LLP
  • USA
  • June 3 2013

The executor relied on the advice of his accountant that the time period for both extending the time to file an estate tax return as well as the time


Rev. Proc. 2012-14 (10182012)
  • Proskauer Rose LLP
  • USA
  • December 7 2012

The IRS released the inflation adjustments affecting various sections of the Internal Revenue Code for 2013


Estate of Bates v. Commissioner, T.C. Memo. 2012-314, November 7, 2012
  • Proskauer Rose LLP
  • USA
  • December 7 2012

The Tax Court ruled that the cost of settlement could not be deducted as an administrative expense on an estate tax return, because the claim was for a beneficiary's distributive share and not for a creditor's claim against the estate


Estate of Koons v. Commissioner, T.C. Memo 2013-94
  • Proskauer Rose LLP
  • USA
  • June 3 2013

The Tax Court adopted the IRS's valuation of a revocable trust's interest in a business with mostly liquid assets, finding that the taxpayer's


Income tax is payable on proceeds from surrender of a life insurance policy used to repay a loan against the policy
  • Proskauer Rose LLP
  • USA
  • January 9 2014

In a recent income tax case, the Tax Court affirmed the principal that the proceeds received from surrender of an insurance policy in excess of the