Tax Law

Recent Posts

IRS Issues Proposed Rules Clarifying Alternate Valuation Rules
Posted on 19 Nov 2011 by Patricia Tyler

The executor can elect to value property in the decedent's estate at the alternate valuation date in an effort to reduce the estate's tax liability. IRC § 2032 . The alternate valuation election is provided solely to mitigate the hardship... Read More

IRS Issues Final "Hot Stock" Regulations
Posted on 25 Nov 2011 by Maria Domingo

The IRS recently issued final regulations regarding the distribution of stock of a controlled corporation acquired in a transaction under IRC Section 355(a)(3)(B) . TD 9548, 76 FR 65110 . The final regulations adopt the substantive rules of the temporary... Read More

  • Blog Post: IRS Issues Proposed Rules Clarifying Alternate Valuation Rules

    The executor can elect to value property in the decedent's estate at the alternate valuation date in an effort to reduce the estate's tax liability. IRC § 2032 . The alternate valuation election is provided solely to mitigate the hardship on an estate due to declining market values. A voluntary...
  • Blog Post: IRS Issues Final "Hot Stock" Regulations

    The IRS recently issued final regulations regarding the distribution of stock of a controlled corporation acquired in a transaction under IRC Section 355(a)(3)(B) . TD 9548, 76 FR 65110 . The final regulations adopt the substantive rules of the temporary regulations without change. TD 9435, 73 FR 75946...