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The Coverage Of Unemployment Compensation Laws, Alanson W. Willcox
The Coverage Of Unemployment Compensation Laws, Alanson W. Willcox
Vanderbilt Law Review
The federal tax which induced the states to enact unemployment compensation laws set a pattern of coverage which the states were under pressure to meet, but which they were wholly free to exceed. With notable exceptions, state coverage is shaped to conform with federal law. In this matter, indeed, federal leadership is so far accepted that the charge of federal "dictation" has not, as it has in other aspects of unemployment compensation, prevented some expansion of the system by federal initiative.
Coverage of the Federal Unemployment Tax Act starts with the concept of "employment" as the determinant of tax liability, …
Options And Valuation Of Property For Federal Tax Purposes, William J. Bowe
Options And Valuation Of Property For Federal Tax Purposes, William J. Bowe
Vanderbilt Law Review
In Estate of John Q. Strange, there was an agreement between two brothers, engaged in business in a close corporation, which provided that upon the death of either, the survivor might acquire the stock of the other upon payment of $10,000 to his estate. Payment was so made following the decedent's death. The fair market value of the stock on the date of death was stipulated to be $238,126.54. The Board of Tax Appeals held that the option price of $10,000 was the proper amount to be included in the decedent's gross estate as the value of his stock.
In …