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Taxation-Federal Estate and Gift Commons

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Articles 1141 - 1170 of 1409

Full-Text Articles in Taxation-Federal Estate and Gift

Estate Taxation Of Life Insurance Policies Held By The Insured As Trustee - Estate Of Skifter V. Commissioner Jan 1972

Estate Taxation Of Life Insurance Policies Held By The Insured As Trustee - Estate Of Skifter V. Commissioner

Maryland Law Review

No abstract provided.


Taxation—Treasury Regulation Valuing Mutual Fund Shares For Estate Tax Purposes At The Replacement Cost Held Invalid, James E. Brown Oct 1971

Taxation—Treasury Regulation Valuing Mutual Fund Shares For Estate Tax Purposes At The Replacement Cost Held Invalid, James E. Brown

Buffalo Law Review

Cartwright v. United States, 323 F. Supp. 769 (W.D.N.Y. 1971).


The Gross Estate And The Death Tax Credit Mar 1971

The Gross Estate And The Death Tax Credit

Washington and Lee Law Review

No abstract provided.


Review Of Federal Income Taxation Of Estates And Beneficiaries, Ronald H. Jensen Jan 1971

Review Of Federal Income Taxation Of Estates And Beneficiaries, Ronald H. Jensen

Elisabeth Haub School of Law Faculty Publications

No abstract provided.


Federal Income Taxation Of Estates And Beneficiaries. By M. Carr Ferguson, James L. Freeland, And Richard B. Stephens, Ronald H. Jensen Jan 1971

Federal Income Taxation Of Estates And Beneficiaries. By M. Carr Ferguson, James L. Freeland, And Richard B. Stephens, Ronald H. Jensen

Buffalo Law Review

No abstract provided.


A Guide To The Estate And Gift Tax Amendments Of 1970, Douglas A. Kahn Jan 1971

A Guide To The Estate And Gift Tax Amendments Of 1970, Douglas A. Kahn

Articles

The Excise, Estate, and Gift Tax Adjustment Act of 1970 [Pub. L. No. 91-614 (Dec. 31, 1970) made a number of amendments to the federal estate and gift tax laws. The estate tax laws were amended to shorten the period of time for filing estate tax returns and for the alternate valuation date and for several related items. In addition, for income tax purposes, the holding period of property that was included in a decedent's gross estate and that was acquired from the decedent was altered; and fiduciaries were granted additional means of obtaining a discharge of their personal liability …


Restructuring Federal Estate And Gift Taxes: Impact Of Proposed Reforms On Estate Planning, Verner F. Chaffin Dec 1970

Restructuring Federal Estate And Gift Taxes: Impact Of Proposed Reforms On Estate Planning, Verner F. Chaffin

Michigan Law Review

It is undeniable that estate and gift taxes, in contrast to income taxes, have not received the legislative attention that they deserve. Congress has largely ignored these important segments of our tax structure for many years, and during that time a host of defects and inequities have become apparent. This congressional indifference in the estate and gift tax field can be attributed to the fact that these taxes, unlike the income tax, affect relatively few people, and that they produce less than two per cent of our total tax revenue. It is understandable, therefore, that while the major thrust of …


Transfer Of Decedent's Basis At Death: The Allocated Carryover Approach, Rodney J. Waldbaum Oct 1970

Transfer Of Decedent's Basis At Death: The Allocated Carryover Approach, Rodney J. Waldbaum

Washington Law Review

Congressional dissatisfaction with the effects of IRC 1014(a) which, although death is not treated as a taxable event for income tax purposes, grants a stepped-up basis in inherited property resulting in gains tax forgiveness on appreciated property held at death, has prompted suggested legislation aimed at the at-death taxation as capital gains of all appreciation on property held at death. This comment urges, instead, that the decedent's tax basis in non-cash assets should be carried over to his successors and allocated on the basis of the market value of the transferred assets. The required legislation and mechanics for implementation of …


Income Taxation Of Estates: An Outline, Lawrence J. Lee May 1970

Income Taxation Of Estates: An Outline, Lawrence J. Lee

William & Mary Law Review

No abstract provided.


Inheritance Tax--Is Federal Estate Tax Paid Totally Deductible, John Michael Anderson Feb 1970

Inheritance Tax--Is Federal Estate Tax Paid Totally Deductible, John Michael Anderson

West Virginia Law Review

No abstract provided.


Recent Legislation Jan 1970

Recent Legislation

University of Richmond Law Review

This is a list of the recent legislation from 1970.


Transactions Subject To The Federal Gift Tax, Douglas A. Kahn Jan 1970

Transactions Subject To The Federal Gift Tax, Douglas A. Kahn

Articles

The federal gift tax was first enacted in 1924, approximately eight years after the adoption of the estate tax. As originally enacted, the tax was largely ineffective because it was computed on an annual basis without regard to gifts made in prior years.


Mandatory Buy-Out Agreements For Stock Of Closely Held Corporations, Douglas A. Kahn Nov 1969

Mandatory Buy-Out Agreements For Stock Of Closely Held Corporations, Douglas A. Kahn

Articles

A buy-out of a shareholder's stock is a sale of his stock holdings in a specific corporation pursuatnt to a pre-existing contract. In recent years such arrangements have, deservedly, become an increasingly popular planning device for shareholders in closely held corporations; they make it possible to limit the class of potential shareholders, provide liquidity for the estate of a deceased shareholder, and establish a value for stock which has no active market. There are two popular categories of buy-out plans. If the prospective purchaser of a decedent's shares is the corporation that issued them, the plan is called an "entity …


Gift Taxes--Valuation Of Right To Income Under §2503 (B), Joseph R. Goodwin, Erwin Conrad Jun 1969

Gift Taxes--Valuation Of Right To Income Under §2503 (B), Joseph R. Goodwin, Erwin Conrad

West Virginia Law Review

No abstract provided.


The Income Taxation Of Estate Distributions - A Need For Reform, Herman L. Trautman Apr 1969

The Income Taxation Of Estate Distributions - A Need For Reform, Herman L. Trautman

Indiana Law Journal

No abstract provided.


Estate Tax--Payment Of Premiums On A Transferred Life Insurance Policy In Contemplation Of Death, E. Lee Schlaegel Jr. Feb 1969

Estate Tax--Payment Of Premiums On A Transferred Life Insurance Policy In Contemplation Of Death, E. Lee Schlaegel Jr.

West Virginia Law Review

No abstract provided.


Gift Tax--Gift To Minor Qualifying Fo Section 2503 Exclusion, Larry Losch Feb 1969

Gift Tax--Gift To Minor Qualifying Fo Section 2503 Exclusion, Larry Losch

West Virginia Law Review

No abstract provided.


Estate Tax--Life Insurance--Section 2035 As A Basis For Including Life Insurance Proceeds In The Gross Estate Of An Insured Who Paid Premiums On A Policy Owned By Another Person, Michigan Law Review Feb 1969

Estate Tax--Life Insurance--Section 2035 As A Basis For Including Life Insurance Proceeds In The Gross Estate Of An Insured Who Paid Premiums On A Policy Owned By Another Person, Michigan Law Review

Michigan Law Review

If a decedent possessed any of the incidents of ownership of a life insurance policy, or if the policy proceeds were payable to his executor, the entire amount of the insurance proceeds is included in his estate for estate tax purposes under section 2042 of the Internal Revenue Code of 1954 (Code). However, if the decedent had transferred ownership of the policy to another person in a transaction that both met the requirements of section 2042 and was not regarded as "in contemplation of death," but continued to pay the insurance premiums until his death, it is unclear whether any …


Income Taxation Of Estates And Trusts-Gifts Of Specific Property, William R. Pietz Apr 1968

Income Taxation Of Estates And Trusts-Gifts Of Specific Property, William R. Pietz

Indiana Law Journal

No abstract provided.


Taxation Of The Trust Annuity: The Unitrust Under The Constitution And The Internal Revenue Code, Louis A. Del Cotto, Kenneth F. Joyce Mar 1968

Taxation Of The Trust Annuity: The Unitrust Under The Constitution And The Internal Revenue Code, Louis A. Del Cotto, Kenneth F. Joyce

Journal Articles

No abstract provided.


Estate Tax--Ascertainable Standard Exception To General Power Of Appointment Inclusion, Thomas Mckendree Chattin Jr., F. Richard Hall, John Woodville Hatcher Jr. Feb 1968

Estate Tax--Ascertainable Standard Exception To General Power Of Appointment Inclusion, Thomas Mckendree Chattin Jr., F. Richard Hall, John Woodville Hatcher Jr.

West Virginia Law Review

No abstract provided.


Tax Collection From Estates Of Nonresidents, Robert Whitman Jan 1968

Tax Collection From Estates Of Nonresidents, Robert Whitman

Faculty Articles and Papers

No abstract provided.


Joint Tenancies And Tenancies By The Entirety In Michigan—Federal Gift Tax Considerations, Douglas A. Kahn Jan 1968

Joint Tenancies And Tenancies By The Entirety In Michigan—Federal Gift Tax Considerations, Douglas A. Kahn

Articles

The establishment of joint tenancy' ownership of property, or the termination of such a tenancy, may have federal gift tax consequences to the co-owners of the property. Consequently, the gift tax is a factor to be weighed before embarking on either of these ventures. The gift tax consequences are determined by the nature of the property rights enjoyed by the joint tenants under the controlling state property law, and accordingly it is desirable, where Michigan property law is applicable, to consider the Michigan law and the significance of that law to the operation of the gift tax. However, before discussing …


Book Review Of Problems And Materials In Federal Estate And Gift Taxation, Lester B. Snyder Dec 1967

Book Review Of Problems And Materials In Federal Estate And Gift Taxation, Lester B. Snyder

Journal of Legal Education

No abstract provided.


Estate Tax--The Relevancy Of State Court Adjudication Of Property Rights, Patrick David Deem Dec 1967

Estate Tax--The Relevancy Of State Court Adjudication Of Property Rights, Patrick David Deem

West Virginia Law Review

No abstract provided.


Estate Tax Application To The Gifts To Minors Act, William C. Reynolds Oct 1967

Estate Tax Application To The Gifts To Minors Act, William C. Reynolds

Indiana Law Journal

No abstract provided.


Book Review Of Study Outline On Problems Of Federal Taxation Of Estates-Gifts-Trusts, Lawrence A. Jegen Iii Sep 1967

Book Review Of Study Outline On Problems Of Federal Taxation Of Estates-Gifts-Trusts, Lawrence A. Jegen Iii

Journal of Legal Education

No abstract provided.


Federal Estate Tax--Inter Vivios--Transfers Under Sections 2035-38-Taxation Of Income Earned Between Transfer And Death Jul 1967

Federal Estate Tax--Inter Vivios--Transfers Under Sections 2035-38-Taxation Of Income Earned Between Transfer And Death

Indiana Law Journal

No abstract provided.


The Estate Tax Marital Deduction - Current Considerations Under Revenue Procedure 64-19, Charles E. Kent Jun 1967

The Estate Tax Marital Deduction - Current Considerations Under Revenue Procedure 64-19, Charles E. Kent

William & Mary Law Review

No abstract provided.


Gift Taxes-Interest-Free Demand Loans Are Not Taxable Gifts-Johnson V. United States, Michigan Law Review Mar 1967

Gift Taxes-Interest-Free Demand Loans Are Not Taxable Gifts-Johnson V. United States, Michigan Law Review

Michigan Law Review

Over a period of several years, taxpayer transferred substantial amounts of money to his adult son as loans that were repayable on demand and did not bear interest. The Commissioner of Internal Revenue assessed and collected gift taxes on the theory that taxpayer had made gifts to his son of the use of the money loaned. The value of the gift was asserted to be 3½ per cent of the average unpaid balance as of the end of each of the taxable years involved. In a suit to recover the gift taxes paid, the Federal District Court for the Northern …