Electing to treat a revocable trust as part of the estate

Article Abstract:

The author discusses the advantages of making an election to treat a revocable trust as part of the grantor's estate for federal income tax purposes. Related topics include election procedure requirements, fiduciary income taxes, S Corporations, and the federal generation-skipping transfer tax.

Analysis, Taxation, Estate planning, S corporations, Generation-skipping transfer tax, Revocable trusts

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Transfer tax liens and transferee and fiduciary liability

Article Abstract:

The author discusses issues regarding tax liens imposed when transfer taxes are incurred with property transfers and the fiduciary liability for the payment of these taxes of persons who are not the transferors.

Tax liens

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Valuation adjustments applicable to transfers of family business interests

Article Abstract:

The author discusses estate planning transfer techniques which can be used with valuation discounts to minimize transfer taxes for family business interests.

Valuation, Family-owned business enterprises, Family-owned businesses

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