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Showing 17–19 of 19 results
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Don’t break the rule – The transfer-for-value rule can trigger income tax liability
September / October 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 578
Abstract: If a person wants to keep a life insurance policy they already own out of their taxable estate or to achieve other planning goals, it may make sense to transfer the policy for “valuable consideration.” But income tax traps exist. So before making such a transfer, it pays to become familiar with the transfer-for-value rule. This article looks at what the rule entails, and how easily it can be to fall prey to it.
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Practical Perspectives: Key financial issues for you and your family – Couple revs up some tax advice for vehicle purchase
June / July 2009
Newsletter: Trendlines
Price: $225.00, Subscriber Price: $157.50
Word count: 578
Abstract: In this issue, we meet Debbie and Alex, who’d read about the vehicle-related provisions of the American Recovery and Reinvestment Act of 2009 (ARRA), and wanted to put one of its new tax deductions to good use. To discuss this and other vehicle-related tax breaks, they gave their financial advisor a call.
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For What It’s Worth: Valuation in the Courts – Recent FLP case illustrates IRS attack strategies
Spring 2009
Newsletter: Expert / Valuation & Litigation Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 578
Abstract: For attorneys, an in-depth understanding of recent case law regarding family limited partnerships (FLPs) is a prerequisite to helping clients with these estate planning vehicles. One recent case, Holman v. Commissioner, shows a few strategies the IRS may use to challenge an FLP.