Add to ORKGA contract for deed or installment contract for the sale of real estate (or other assets) between parent and child is not unusual; a frequent outcome of such transactions is that the obligor under the contract becomes the owner or a co-owner of the contract after death of the contract seller which results in often unanticipated income tax consequences
The enactment in 1990 of the detailed rules for “applicable asset acquisitions” in I.R.C. § 10601 ma...
The pronounced move to multiple entities in farm operations in recent years (typically one entity ow...
The law on cash rent leasing of farmland subject to special use valuation has been clear for nearly ...
With relatively heavy use of the installment contract or contract for deed in transferring farmland,...
Estate and business planning efforts often involve the sale of interests in the farm or ranch busine...
For some installment sellers, the installment obligation is viewed as an investment asset and is not...
In recent years, few issues have been more perplexing in farm estate and business planning than the ...
Ordinarily, land that is cash rented after death which is subject to an election to pay federal esta...
Relatively few make major gifts of property, but a greater number transfer property to children and ...
Items of income in respect of decedent require careful planning attention after death. As property t...
Partition and sale of land, while not exactly a common occurrence, is always available if the co-own...
A recent inquiry by a tax practitioner on the proper reporting of a turnover of a farm tractor to th...
Although joint tenancy (and tenancy by the entirety in the few states where that form of co-ownershi...
The final regulations (which were published on December 24, 2002) to determine a taxpayer’s principa...
A 1998 Tax Court case has focused attention once again on the income tax consequences of mortgage fo...
The enactment in 1990 of the detailed rules for “applicable asset acquisitions” in I.R.C. § 10601 ma...
The pronounced move to multiple entities in farm operations in recent years (typically one entity ow...
The law on cash rent leasing of farmland subject to special use valuation has been clear for nearly ...
With relatively heavy use of the installment contract or contract for deed in transferring farmland,...
Estate and business planning efforts often involve the sale of interests in the farm or ranch busine...
For some installment sellers, the installment obligation is viewed as an investment asset and is not...
In recent years, few issues have been more perplexing in farm estate and business planning than the ...
Ordinarily, land that is cash rented after death which is subject to an election to pay federal esta...
Relatively few make major gifts of property, but a greater number transfer property to children and ...
Items of income in respect of decedent require careful planning attention after death. As property t...
Partition and sale of land, while not exactly a common occurrence, is always available if the co-own...
A recent inquiry by a tax practitioner on the proper reporting of a turnover of a farm tractor to th...
Although joint tenancy (and tenancy by the entirety in the few states where that form of co-ownershi...
The final regulations (which were published on December 24, 2002) to determine a taxpayer’s principa...
A 1998 Tax Court case has focused attention once again on the income tax consequences of mortgage fo...
The enactment in 1990 of the detailed rules for “applicable asset acquisitions” in I.R.C. § 10601 ma...
The pronounced move to multiple entities in farm operations in recent years (typically one entity ow...
The law on cash rent leasing of farmland subject to special use valuation has been clear for nearly ...