On June 28, 2022, the Internal Revenue Service published proposed regulations (proposed regs) under Internal Revenue Code Section 2053. (Federal Register: Guidance Under Section 2053 Regarding ...

If a corporation redeems its stock from a shareholder, the gross proceeds paid (unreduced by the shareholder’s basis in the shares) is treated as a dividend to the shareholder unless the redemption ...

Trust and estate administration expenses still deductible under the TCJA The IRS announced in Notice 2018-61 that it believes, and intends to issue regulations that clarify, that deductions allowable ...

In In re Energy Future Holdings Corp., 990 F.3d 728 (3d Cir. 2021), the U.S. Court of Appeals for the Third Circuit ruled that even though a "stalking horse" bidder failed to obtain necessary ...

A court held that interest an estate pays on a charitable bequest is deductible as an administrative expense for estate tax purposes. Betsy Carolyn Turner was executor of the estate of Sally C.

In a 50-minute presentation based on his 100-plus page outline, Steve R. Akers from Bessemer Trust touched on a myriad of post-death administration challenges. His outline included sections on ...