-
NEW YORK -- BlackRock Advisors, LLC today announced that 44 of its tax-exempt closed-end funds (the "Funds") received a private letter ruling ("PLR") ...
-
On March 24, 2011, the Texas Comptroller issued a taxability letter ruling clarifying the intent of an amendment to its administrative rule on sales a...
-
The following article was originally published in Lawyers Weekly USA, a sister publication.
BOSTON - In a Private Letter Ruling (No. 200603040) issued on Jan. 20, the IRS concluded that the popular technique of making an irrevocable trust intentionally defective for income tax purposes by including a retained power to substitute property of equivalent value will not cause the trust property to be included in the taxpayer's estate.
-
(This article was originally published in Lawyers Weekly USA, another Dolan Media publication.)
In a Private Letter Ruling (No. 200603040) issued on Jan. 20, the IRS concluded that the popular technique of making an irrevocable trust intentionally defective for income tax purposes by including a retained power to substitute property of equivalent value will not cause the trust property to be included in the taxpayer's estate.
-
This ruling reflects the IRS's increasing willingness to respect taxpayers' form.
The Internal Revenue Service (IRS) just released a significant pri...
-
In tax law a written interpretation of certain provisions of federal statutes by the Office of the Assistant Commissioner of the ...
-
In a Private Letter Ruling (No. 200603040) issued on Jan. 20, the IRS concluded that the popular technique of making an irrevocable trust intentionally defective for income tax purposes by including a retained power to substitute property of equivalent value will not cause the trust property to be included in the taxpayer's estate.
As this issue is one the IRS has not frequently ruled on, the PLR offers interesting insight into its thinking on the matter. However, as practitioners know, PLRs cannot be actually relied upon by any taxpayers other than the ones requesting the ruling.
-
IRS Letter Ruling 200710004 breaks new ground in determining the character of a worthless stock deduction in a consolidated group. Due to the lack of ...
-
* Coffee & Tea company to be domiciled in the Netherlands
* $3.00 special dividend to be paid immediately after the spin-off
* Coffee & Tea compan...
-
A state Superior Court judge will decide Thursday whether a former Bergenfield councilwoman forged a resignation letter during a heated race to replace a state senator.
Elaine Rabbitt, who was vice chairwoman of the Bergenfield Municipal Democratic Committee in 2005 when the alleged forgery occurred, did not take the stand in her own defense.