Taxation-Federal Estate and Gift Commons^™

Into The Sunset: Divorcing Families Need Their Slice Of The Tcja Reversions, John C. Mcdonald

BYU Law Review

On its path to sufficiently offsetting its major cut to the corporate income tax rate in 2017, Congress turned to a surprising source for funds: the alimony support payments of recently divorced families. Alimony’s inclusion/deduction regime in §§ 71 and 215 of the Code allowed divorcing couples to reach mutually beneficial divorce agreements for over half a century until it was unceremoniously repealed by the Tax Cuts and Jobs Act of 2017 with a striking lack of satisfying legislative justifications. This Note suggests that in evaluating the impact of the repeal, Congress and others have failed to consider an important …

Resolving Unfairness In A Fair Way: How The Grantor Trust Rules Should Be Reformed, Aaron T. Anderson

BYU Law Review

Affluent taxpayers often create one or more grantor trusts to achieve significant tax savings. By leveraging mismatches in the rules between the income and estate tax systems, these taxpayers avoid the compressed income tax brackets of trusts while minimizing the property that is included in their estates for estate tax purposes. Some commentators have argued that reform is needed to remove such mismatches. Yet, trusts that rely on the current grantor trust rules abound.

This Note (1) provides a background and history of the rules and use of grantor trusts, (2) argues that harmonizing the estate and income tax systems …

A Monologue On The Taxation Of Business Gifts, Erik M. Jensen

BYU Law Review

No abstract provided.

Tax Treatment Of Revocable Trusts: Are They Associations Taxable As Corporations?, James F. Brown

BYU Law Review

No abstract provided.

Income And Gift Tax Implications Of Interest-Free Loans Between Relatives

BYU Law Review

No abstract provided.

Federal Estate Tax: A Possible Exception In The Application Of I.R.C. Section 2041 To Testamentary Powers Of Appointment Held By Incompetent Decedents, Cheryl Bailey Preston

BYU Law Review

No abstract provided.

The Family Farm And Use Valuation-Section 2032a Of The Internal Revenue Code, James C. Swindler

BYU Law Review

No abstract provided.