Estate planning benefits of deferred like-kind exchanges of real estate

Article Abstract:

Deferred like-kind exchanges of real estate and the IRS's new safe harbor are examined. Topics include estate planning benefits of like-kind exchanges, structuring deferred like-kind exchanges, reverse-Starker exchanges, QEAA rules, and permissible agreements.

Management, Like-kind exchanges, Taxation, Real estate, Real property, Safe harbor (Taxation)

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Techniques that maximize the advantages of lifetime giving

Article Abstract:

Tax planning centering around lifetime giving can greatly reduce estate and income taxes. Several methods can be used to decrease the value of the taxable estate and to split income. Charitable gifts and gifts to family members or other beneficiaries can be instituted through various trust vehicles and methods such as gift-splitting. More simple outright gifting is tax-effective if planned in light of the annual exclusion and unified credit.

Estate Planning, Methods, Planning

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Problems created by new prop. regs. on revaluation of gifts

Article Abstract:

Drawbacks to proposed regulations addressing the revaluation of gifts by the IRS for estate tax purposes following the expiration of the gift tax statute of limitations are discussed. Topics include the donor's burden of adequate disclosure, treatment of issues other than value, and incomplete transfers.

Valuation, Estate tax, Estate taxes, Gift tax, Tax returns, Limitation of actions (Taxation), Statute of limitations (Taxation)

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