Add to ORKGDue to the difficulty of qualifying for the annual exclusion under section 2503, while avoiding the conferral of complete control of the property to an inexperienced minor, Congress passed section 2503(c). However, the efficacy of this section for estate planning was limited by its ambiguity and the Treasury\u27s interpretation. The recent case of Ross v. United States has clarified to a certain extent the meaning of the criteria established by section 2503(c) and has, at least partially, rejected the Treasury\u27s interpretation. In so doing, it has contributed to the usefulness of this section as a workable tool in estate planning
Before the enactment of the 1924 gift tax statute, decedent created a trust for the benefit of named...
For many years, the problem of a gift of assets or interests in businesses being deemed to be a gift...
In 1948 the 80th Congress amended the Internal Revenue Code in an effort to eliminate the discrimina...
Due to the difficulty of qualifying for the annual exclusion under section 2503, while avoiding the ...
Primarily because of tax incentives, lifetime gifts have become increasingly popular in recent years...
The current treatment of uniform gifts as creating interests in only one person for gift tax purpose...
As is widely known, gifts of $10,000 or less per year per donee are eligible for the federal gift ta...
The gift tax is imposed on the transfer of property by gift. The term gift is not expressly defin...
In 1935, the donor created a trust for the benefit of seven children. The donor in her gift tax retu...
The purposes of this article are to outline the future interest pitfalls in the use of various con...
Because giving a gift involves tax consequences to the donors, they have made various successful att...
On September 20, 1933, petitioner transferred by deed realty owned by him in fee to himself and his ...
Respondent, the owner of negotiable bonds, detached from them negotiable interest coupons shortly be...
The federal gift tax was first enacted in 1924, approximately eight years after the adoption of the ...
Since 1932 the gift tax law has contained an annual per-donee exclusion,designed to obviate the nec...
Before the enactment of the 1924 gift tax statute, decedent created a trust for the benefit of named...
For many years, the problem of a gift of assets or interests in businesses being deemed to be a gift...
In 1948 the 80th Congress amended the Internal Revenue Code in an effort to eliminate the discrimina...
Due to the difficulty of qualifying for the annual exclusion under section 2503, while avoiding the ...
Primarily because of tax incentives, lifetime gifts have become increasingly popular in recent years...
The current treatment of uniform gifts as creating interests in only one person for gift tax purpose...
As is widely known, gifts of $10,000 or less per year per donee are eligible for the federal gift ta...
The gift tax is imposed on the transfer of property by gift. The term gift is not expressly defin...
In 1935, the donor created a trust for the benefit of seven children. The donor in her gift tax retu...
The purposes of this article are to outline the future interest pitfalls in the use of various con...
Because giving a gift involves tax consequences to the donors, they have made various successful att...
On September 20, 1933, petitioner transferred by deed realty owned by him in fee to himself and his ...
Respondent, the owner of negotiable bonds, detached from them negotiable interest coupons shortly be...
The federal gift tax was first enacted in 1924, approximately eight years after the adoption of the ...
Since 1932 the gift tax law has contained an annual per-donee exclusion,designed to obviate the nec...
Before the enactment of the 1924 gift tax statute, decedent created a trust for the benefit of named...
For many years, the problem of a gift of assets or interests in businesses being deemed to be a gift...
In 1948 the 80th Congress amended the Internal Revenue Code in an effort to eliminate the discrimina...