Add to ORKGFor many years, the problem of a gift of assets or interests in businesses being deemed to be a gift of a future interest has haunted estate planners. Gifts considered to be future interests are not eligible for the federal gift tax annual exclusion and, therefore, reduce the applicable credit amount ($1,000,000 in 2002). A late March, 2002, Tax Court case has focused attention once again on the risks of gifts of business interests being held to be gifts of future interests
Because of recent significant developments, this article will under-take to deal with the requiremen...
The gift tax is imposed on the transfer of property by gift. The term gift is not expressly defin...
For farm and ranch taxpayers, gifts of commodities to charitable organizations or family members hav...
As is widely known, gifts of $10,000 or less per year per donee are eligible for the federal gift ta...
Although the promise of a new income tax basis at death (and other factors) tend to discourage gift ...
In recent issues of the Digest,1 we have focused attention on the issue of major gifts prompted by p...
The controversy has been raging for months – is it wise for an individual with a $5 million estate (...
The rapid run-up in farm and ranch real estate values in recent years has resulted in some property ...
The purposes of this article are to outline the future interest pitfalls in the use of various con...
Due to the difficulty of qualifying for the annual exclusion under section 2503, while avoiding the ...
In general, public policy favors charitable giving. Charitable gifts during life are generally eligi...
Relatively few make major gifts of property, but a greater number transfer property to children and ...
"Estate planning provides for orderly distribution of your assets during your lifetime and at death....
The sale of assets held by the taxpayer primarily for sale to customers in the ordinary course of bu...
Because giving a gift involves tax consequences to the donors, they have made various successful att...
Because of recent significant developments, this article will under-take to deal with the requiremen...
The gift tax is imposed on the transfer of property by gift. The term gift is not expressly defin...
For farm and ranch taxpayers, gifts of commodities to charitable organizations or family members hav...
As is widely known, gifts of $10,000 or less per year per donee are eligible for the federal gift ta...
Although the promise of a new income tax basis at death (and other factors) tend to discourage gift ...
In recent issues of the Digest,1 we have focused attention on the issue of major gifts prompted by p...
The controversy has been raging for months – is it wise for an individual with a $5 million estate (...
The rapid run-up in farm and ranch real estate values in recent years has resulted in some property ...
The purposes of this article are to outline the future interest pitfalls in the use of various con...
Due to the difficulty of qualifying for the annual exclusion under section 2503, while avoiding the ...
In general, public policy favors charitable giving. Charitable gifts during life are generally eligi...
Relatively few make major gifts of property, but a greater number transfer property to children and ...
"Estate planning provides for orderly distribution of your assets during your lifetime and at death....
The sale of assets held by the taxpayer primarily for sale to customers in the ordinary course of bu...
Because giving a gift involves tax consequences to the donors, they have made various successful att...
Because of recent significant developments, this article will under-take to deal with the requiremen...
The gift tax is imposed on the transfer of property by gift. The term gift is not expressly defin...
For farm and ranch taxpayers, gifts of commodities to charitable organizations or family members hav...