Add to ORKGThe battle over the portion of value of property owned in joint tenancy (or tenancy by the entirety) receiving a new basis at death moved a notch closer to resolution with a 1998 Tax Court case. In that decision, Hahn v. Commissioner, the Tax Court agreed with five earlier cases that a surviving spouse may be entitled to a new income tax basis in 100 percent of the date of death value of property held in joint tenancy with a predeceased spouse
This final section elaborates on establishing carryover basis in situations involving inheritances, ...
Funding the marital and non-marital shares in a farm or ranch estate is always an important decision...
The rule has been well established that a transfer of a residence to a spouse with occupancy by the ...
It took nearly a decade, but the Internal Revenue Service has finally acknowledged the line of cases...
Although joint tenancy (and tenancy by the entirety in the few states where that form of co-ownershi...
With the enactment of the Economic Recovery Tax Act of 1981, Congress has for the third time since 1...
Although some have argued strongly to the contrary, it was clear for decades even before the statute...
Before 1989, the courts were almost uniformly unwilling to allow a discount for unmarketability of a...
Leaving property at death to the surviving spouse for life (a legal life estate or a life estate in ...
It appears that Heasty v. United States has eliminated the previous uncertain estate tax consequence...
Tenancy by the entirety ownership of real and personal property is so widely accepted by married cou...
The recent decision by the Supreme Court in United States v. Jacobs deals with the troublesome issue...
Over the last 30 years, substantial changes have emerged over the taxation of co-owned assets (other...
The discussion which follows will be divided into three major parts. First, it will be important to ...
For many years, attorneys and estate planners have been cautious of joint tenancies where substantia...
This final section elaborates on establishing carryover basis in situations involving inheritances, ...
Funding the marital and non-marital shares in a farm or ranch estate is always an important decision...
The rule has been well established that a transfer of a residence to a spouse with occupancy by the ...
It took nearly a decade, but the Internal Revenue Service has finally acknowledged the line of cases...
Although joint tenancy (and tenancy by the entirety in the few states where that form of co-ownershi...
With the enactment of the Economic Recovery Tax Act of 1981, Congress has for the third time since 1...
Although some have argued strongly to the contrary, it was clear for decades even before the statute...
Before 1989, the courts were almost uniformly unwilling to allow a discount for unmarketability of a...
Leaving property at death to the surviving spouse for life (a legal life estate or a life estate in ...
It appears that Heasty v. United States has eliminated the previous uncertain estate tax consequence...
Tenancy by the entirety ownership of real and personal property is so widely accepted by married cou...
The recent decision by the Supreme Court in United States v. Jacobs deals with the troublesome issue...
Over the last 30 years, substantial changes have emerged over the taxation of co-owned assets (other...
The discussion which follows will be divided into three major parts. First, it will be important to ...
For many years, attorneys and estate planners have been cautious of joint tenancies where substantia...
This final section elaborates on establishing carryover basis in situations involving inheritances, ...
Funding the marital and non-marital shares in a farm or ranch estate is always an important decision...
The rule has been well established that a transfer of a residence to a spouse with occupancy by the ...