Thursday, December 25, 2014
- The IRC Section 67 final regulations describing the certian circumstances in which estates' and trusts' costs may be deductable without being limited by 2% AGI floor.
- The decision in Bobrow that limits tax-free rollovers to one per taxpayer per year, not per IRA.
- The decision in Frank Aragona Trust that held that a trust could and did materially participate in a real estate business.
- The holding that inherited IRAs are not retirement funds for purposes of bankruptcy protection in Clark v. Rameker.
See, Charles A. Redd, A New Array of Problems and Possibilities, Wealth Management, Dec. 22, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.