Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Taxation (3)
- Business entities (2)
- Closely held businesses (2)
- Estate tax (2)
- H.R. 4137 (2)
-
- LLC's (2)
- Limited liability companies (2)
- Partnerships (2)
- S corporations (2)
- Subchaper K (2)
- Subchapter S (2)
- Basis (1)
- Commerce Clause (1)
- Compliance (1)
- Congress (1)
- Congressional authority (1)
- Constitutional law (1)
- Duty of consistency (1)
- Equity (1)
- Individual liberty (1)
- Individual mandate (1)
- Inheritance tax (1)
- Legislation (1)
- Legislative authority (1)
- Minimum coverage provision (MCP) (1)
- Patient Protection and Affordable Care Act (1)
- Section 2032A (1)
- Special use valuation (1)
- Supreme Court (1)
- Van Alen (1)
Articles 1 - 5 of 5
Full-Text Articles in Taxation-Federal
Integrating Subchapters K And S And Beyond, Walter D. Schwidetzky
Integrating Subchapters K And S And Beyond, Walter D. Schwidetzky
All Faculty Scholarship
This Article builds upon a similar, lengthier effort that I published in the Tax Lawyer in 2009. While there is overlap, this Article contains much new material. Important case law and tax proposals from the House Ways and Means Committee have come out in the interim. Due to space limitations, unlike my Tax Lawyer effort, this Article attempts to avoid prolixity. It assumes the reader has good knowledge of both Subchapters S and K and the tax entity selection process. If you are not that reader, a review of my Tax Lawyer article or Professor Mann's article in this symposium …
Federalism And Phantom Economic Rights In Nfib V. Sibelius, Matthew Lindsay
Federalism And Phantom Economic Rights In Nfib V. Sibelius, Matthew Lindsay
All Faculty Scholarship
Few predicted that the constitutional fate of the Patient Protection and Affordable Care Act would turn on Congress’ power to lay and collect taxes. Yet in NFIB v. Sebelius, the Supreme Court upheld the centerpiece of the Act — the minimum coverage provision (MCP), commonly known as the “individual mandate” — as a tax. The unexpected basis of the Court’s holding has deflected attention from what may prove to be the decision’s more constitutionally consequential feature: that a majority of the Court agreed that Congress lacked authority under the Commerce Clause to penalize people who decline to purchase health insurance. …
What's Wrong With A Federal Inheritance Tax?, Wendy G. Gerzog
What's Wrong With A Federal Inheritance Tax?, Wendy G. Gerzog
All Faculty Scholarship
Scholars have proposed a federal inheritance tax as an alternative to the current federal transfer tax, but there are serious flaws with that idea. In existing inheritance tax systems, those problems include: (1) different tax rates and exemptions based on the decedent’s relationship to the beneficiary; (2) the lack of a tax on lifetime gratuitous transfers, including gifts with retained interests or control; and (3) the persistence of most current valuation distortion abuses. In any inheritance tax model, moreover, there would be significantly decreased compliance rates and increased administrative costs because by focusing on the transferees instead of the transferor, …
Pass-Through Entity Reform: Is A Major Overhaul Necessary?, Walter D. Schwidetzky
Pass-Through Entity Reform: Is A Major Overhaul Necessary?, Walter D. Schwidetzky
All Faculty Scholarship
No abstract provided.
Van Alen: A Reasonable Consistency, Wendy G. Gerzog
Van Alen: A Reasonable Consistency, Wendy G. Gerzog
All Faculty Scholarship
In Van Alen, the Tax Court held that the duty of consistency required that two of the decedent’s children use the section 2032A basis valuation figures to determine gain on the sale of their interest in the decedent’s ranch, which was left to them in trust. The siblings had argued that their stepmother erroneously completed their father’s estate tax return.