Wednesday, February 28, 2007
Here is a listing of the materials available in the February 2007 ABA RPPT eReport:
Steve Akers condenses the latest Heckerling Institute proceedings into one easy-to-read and well organized article. A must read for all estate planners!
Jim Roberts reports on three recent developments: TAM 200648028 concerning the IRS’ latest ruling on valuation as affected by a built-in liability; the proposed Small Business and Work Opportunity Act, which includes provisions changing the tax rules relating to expatriation to avoid tax; and the IRS’s release of “Appeals Coordinated Settlement Guidelines” for dealing with family limited partnerships and family limited liability companies.
This Tax Court decision that a family settlement agreement will be respected under I.R.C. §2703 is summarized and discussed