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Full-Text Articles in Law
Planning For The Taxable Disposition Of Overleveraged Property, Blake D. Rubin
Planning For The Taxable Disposition Of Overleveraged Property, Blake D. Rubin
William & Mary Annual Tax Conference
No abstract provided.
The Like Kind Exchange: Everything You Need To Know, Whether Or Not You Wanted To Ask, Stefan F. Tucker
The Like Kind Exchange: Everything You Need To Know, Whether Or Not You Wanted To Ask, Stefan F. Tucker
William & Mary Annual Tax Conference
No abstract provided.
Estate Freezes, Ronald D. Aucutt
Estate Freezes, Ronald D. Aucutt
William & Mary Annual Tax Conference
No abstract provided.
Structuring Real Estate Investments And Transactions After Tra 1986, Charles H. Egerton
Structuring Real Estate Investments And Transactions After Tra 1986, Charles H. Egerton
William & Mary Annual Tax Conference
No abstract provided.
The Estate Tax Marital Deduction, Harold Dubroff, Douglas A. Kahn
The Estate Tax Marital Deduction, Harold Dubroff, Douglas A. Kahn
Articles
The estate tax marital deduction, section 2056 of the Internal Revenue Code, was enacted in 1948, along with the split-income provisions of the income tax law and the marital deduction and split-gift provisions of the gift tax law. The purpose was to give married residents of common law states approximately the same federal tax advantages that were available to married residents of community property states. Ordinarily, upon the death of a married resident of a community property state, only one-half of the community property is taxed in the decedent's estate. Section 2056 achieves approximately the same result for married residents …
Transactions Subject To Gift Tax, Douglas A. Kahn, Earl M. Colson
Transactions Subject To Gift Tax, Douglas A. Kahn, Earl M. Colson
Articles
The gift tax is imposed on the "transfer of property by gift." The term gift is not expressly defined either in the Code or in the Treasury Regulations. However, section 2512(b), dealing with the valuation of gifts, states that "where property is transferred for less than an adequate and full consideration in money or money's worth," the difference between the value of the property transferred and the consideration received constitutes a gift. Thus, for gift tax purposes, the determination of whether a gift was made does not turn so much on the intent of the transferor as it does on …