Add to ORKGFor several years, the rules governing the cash rental of land to a family-owned entity for purposes of 15-year installment payment of federal estate tax,1 the family-owned business deduction2 and special use valuation3 have been developed and refined with distinctive differences among the three provisions for which guidance is often sought. A private letter ruling, released in May of 2005, has addressed the availability of the three provisions in the context of a unique fact situation4 and, in the process, has introduced some confusion into the fairly clear guidance in existence
Parents wishing to sell land to children have an array of choices available to them. The transfer co...
A 1995 private letter ruling1 held that an undivided one-sixth interest in farm real estate that was...
The final regulations (which were published on December 24, 2002) to determine a taxpayer’s principa...
Ordinarily, land that is cash rented after death which is subject to an election to pay federal esta...
It\u27s been clear for several years that trust ownership of assets would not necessarily preclude e...
The statute creating special use valuation for real property as enacted in 1976 effective in 19771 d...
The law on cash rent leasing of farmland subject to special use valuation has been clear for nearly ...
The rule has been well settled since publication of the qualified use regulations in 1980 that lan...
Farmers typically have several objectives in setting up multiple entities with the land rented to th...
As has been reported since the 1997 enactment of the family-owned business deduction and the substan...
With self-employment tax at a 15.3 percent rate on the first $61,200 (for 1995) of income from self-...
Where special use valuation has been elected, a question since publication of regulations in 1980 ha...
The pronounced move to multiple entities in farm operations in recent years (typically one entity ow...
Estate and business planning efforts often involve the sale of interests in the farm or ranch busine...
Other than for dispositions of installment obligations at death and certain tax-free exchanges, the ...
Parents wishing to sell land to children have an array of choices available to them. The transfer co...
A 1995 private letter ruling1 held that an undivided one-sixth interest in farm real estate that was...
The final regulations (which were published on December 24, 2002) to determine a taxpayer’s principa...
Ordinarily, land that is cash rented after death which is subject to an election to pay federal esta...
It\u27s been clear for several years that trust ownership of assets would not necessarily preclude e...
The statute creating special use valuation for real property as enacted in 1976 effective in 19771 d...
The law on cash rent leasing of farmland subject to special use valuation has been clear for nearly ...
The rule has been well settled since publication of the qualified use regulations in 1980 that lan...
Farmers typically have several objectives in setting up multiple entities with the land rented to th...
As has been reported since the 1997 enactment of the family-owned business deduction and the substan...
With self-employment tax at a 15.3 percent rate on the first $61,200 (for 1995) of income from self-...
Where special use valuation has been elected, a question since publication of regulations in 1980 ha...
The pronounced move to multiple entities in farm operations in recent years (typically one entity ow...
Estate and business planning efforts often involve the sale of interests in the farm or ranch busine...
Other than for dispositions of installment obligations at death and certain tax-free exchanges, the ...
Parents wishing to sell land to children have an array of choices available to them. The transfer co...
A 1995 private letter ruling1 held that an undivided one-sixth interest in farm real estate that was...
The final regulations (which were published on December 24, 2002) to determine a taxpayer’s principa...