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estate and sec

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Estate: a substantial area of land that normally includes a large house; Estate definition on BNET »

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The Estate Vault Files Form 10 Seeking OTC Bulletin Board Listing: The Estate Vault, Inc. (PINKSHEETS: TEVI) announced today that it has filed Form 10 with the SEC to commence the process necessary for market makers to begin quotation of the Company's stock, and for TEVI to be listed on the OTCBB quotation service. The OTC Bulletin Board® OTCBB is a...; Tags: Estate, FINANCE, financial, SEC, shareholder, Vault; Research articles 2008-10-02
Ninth Circuit affirms transferred residential property must be included in gross estate.: The Ninth Circuit, affirming the Tax Court, has ruled that the full fair market value of residential property must be included in the decedent's gross estate, finding that the decedent retained income and economic enjoyment from the property and that the inter vivos transfer of the...; Tags: estate, FINANCE, partnership, Sec; Research articles 2008-01-01
Prop. regs. address deductibility of trust and estate costs.: In July, the IRS issued proposed regulations (REG-128224-06) providing guidance on whether costs incurred by estates or nongrantor trusts are subject to the 2% floor for miscellaneous itemized deductions. The new rules intend to clarify the deductibility of advisory fees paid by estates and trusts. This...; Tags: estate, FINANCE, Government, Internal Revenue Service, Regulations, Sec, Taxes; Research articles 2007-11-01
Prop. Regs. address application of Secs. 2036 and 2039 to certain annuities.: Sec. 2036 provides for the inclusion in a decedent's estate of certain transfers the decedent made during his or her lifetime in which the decedent retained certain rights in the property. Sec. 2039 provides for the inclusion in a decedent's estate of the value of any ...; Tags: annuity, estate, FINANCE, Internal Revenue Service, Investment, Sec; Research articles 2007-09-01
Significant recent developments in estate planning: this article examines developments in estate and gift tax planning and compliance. It discusses legislative developments, recent cases and rulings, and administrative and procedural changes.: EXECUTIVE SUMMARY * Both the Pension Protection Act of 2006 and the Tax Relief and Health Care Act of 2006 included changes significant for estate planners. * In Rosen, the Tax Court analyzed the factors needed to evidence a true debtor-creditor...; Tags: annuity, asset, Cir, compliance, estate, FINANCE, income, Internal Revenue Service, regulation, Sec, Taxes, valuation; Research articles 2007-09-01

Courts split over valuation of lottery prize payments.: Two recent district court decisions have been handed down on the issue of whether an estate's rights to a decedent's remaining series of annual lottery prize payments should be valued using the Sec. 7520 annuity tables. Although both courts held that the lack of marketability of...; Tags: annuity, estate, FINANCE, Investment, lottery, payment, Sec, valuation; Research articles 2007-09-01
SEC suing dead man's estate over alleged options scam: The U.S. Securities and Exchange Commission has sued the estate of a Florida con artist who died last month, shortly after he allegedly reaped $1 million with a stock-options scam. A U.S. District Court judge in Miami last week granted the SEC's request to freeze assets that belonged...; Tags: Benefits, estate, FINANCE, SEC; Research articles 2007-08-27
Allocating partnership depreciation between trusts and beneficiaries: a trust owning depreciable property through a partnership may have a larger income tax burden than if it owned the assets directly. This article reviews how partnership depreciation is: EXECUTIVE SUMMARY * A trust partner must separately account for its share of partnership depreciation deductions, when doing so would result in a different tax liability than if not separately accounted. * Sec. 167 provides that the depreciation deduction is to be...; Tags: asset, beneficiary, deduction, depreciation, estate, FINANCE, income, partnership, Sec, tax; Research articles 2007-07-01
The power of gifting.: Prospects for repeal of the estate tax became less likely after the November 2006 elections; as a result, gifting continues to be a powerful estate planning tool. Maximizing use of the annual gift tax exclusion, using the $1 million lifetime gift tax exemption and gift-splitting by ...; Tags: estate, exclusion, exemption, FINANCE, Sec, Taxes; Research articles 2007-07-01
Did the Second Circuit err in Rudkin Testamentary Trust?: EXECUTIVE SUMMARY * In Rudkin, the court determined that the 2%-of-AGI floor applies to an estate or trust's administrative costs, unless the cost is one that individuals are incapable of incurring. * Millions of beneficiaries will be affected by the court's ...; Tags: Cir, deduction, estate, FINANCE, Internal Revenue Service, Sec, statute, Taxes, U.S. Congress; Research articles 2007-04-01
TC upholds GSTT regs. (Tax Court, generation-skipping transfer tax): In Estate of Gerson, 127 TC No. 11 (10/24/06), the Tax Court held that the exercise of a testamentary general power of appointment GPA by a decedent in favor of her grandchildren was subject to generation-skipping transfer tax GSTT. In so holding, it ruled that Regs....; Tags: estate, FINANCE, GPA, grandchildren, Sec, Taxes; Research articles 2007-02-01
Being charitable - without going broke.: "[A] very rich person should leave his kids enough to do anything but not enough to do nothing," said Warren Buffett to Fortune; see Loomis, "Warren Buffett Gives It Away" (7/10/06), available at http://money.cnn.com/magazines/fortune/fortune_archive/ 2006/07/10/8380864/index.htm. Buffett's unprecedented recent commitment to donate approximately 85% of his...; Tags: deduction, estate, FINANCE, income, Sec, Taxes; Research articles 2006-10-01
Marital trusts and the Sec. 754 election.: If either a qualified terminable interest property QTIP trust or a marital general power of appointment GPA owns a partnership interest at the time a surviving spouse dies, the partnership will not be eligible to adjust its assets' "inside" basis as a result of the death...; Tags: asset, beneficiary, estate, FINANCE, partnership, Sec; Research articles 2006-09-01
The effect of residency in international estate planning.: EXECUTIVE SUMMARY * Establishing the residency of a multinational individual is important in estate planning. * Individuals with more than one residence may unknowingly subject themselves to each country's taxing jurisdiction. * There are many planning opportunities to help...; Tags: asset, estate, FINANCE, Sec, Taxes, U.S.; Research articles 2006-09-01
Significant recent developments in estate planning.: EXECUTIVE SUMMARY * Congress has not passed a permanent repeal of the estate tax; taxpayers still face the possibility of a one-year repeal in 2010. * Numerous rulings and cases focused on FLPs, valuation issues, trust administrative expenses, QTIP elections, disclaimers and...; Tags: asset, beneficiary, Cir, estate, FINANCE, income, Internal Revenue Service, partnership, Sec, Taxes, valuation; Research articles 2006-09-01
Estate to Initiate Planned Trading Plan: LML PAYMENT SYSTEMS INC. (the "Corporation") (NASDAQ: LMLP) today announced that the Corporation has been advised the Estate of Robert E. Moore (the "Moore Estate") has adopted a prearranged plan to sell a portion of its holdings in the Corporation. The Corporation has been further advised the objective of...; Tags: Estate, FINANCE, SALES, SEC; Research articles 2006-08-22
IRA valued without discount for anticipated tax liability.(individual retirement accounts): A had two IRAs at the time of her death. Under the trust agreements, the IRAs were not transferable; however, they both allowed the underlying marketable securities to be sold. On Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, A's estate E reduced the...; Tags: asset, estate, FINANCE, income, Sec, Taxes; Research articles 2006-08-01
Circular 230: estate planners take note: Circular 230 standards can apply to you: Much has been discussed about Circular 230's implications on CPAs regarding income tax advice and written communications. But the rules can apply to estate tax advice, including planning recommendations. What's more, the application of the rules is a little different when it comes to estate planning. Written communications involved...; Tags: estate, FINANCE, Sec, standards, Taxes; Research articles 2006-03-01
Valuation of IRAs for estate tax purposes.(individual retirement accounts): In Est. of Kahn, 125 TC No. 11 (2005), the Tax Court considered for the first time whether IRAs could be discounted for estate tax purposes. It determined that an IRA could not be discounted; rather, the underlying assets in the account must be valued on the...; Tags: asset, beneficiary, Estate, estate, FINANCE, income, Sec, Taxes, valuation; Research articles 2006-02-01
Significant recent developments in estate planning: this article examines recent developments in estate and gift tax planning and compliance. It highlights legislative developments, administrative and procedural changes and significant recent cases and ru: This article examines recent developments in estate and gift tax planning and compliance. It highlights legislative developments over the last year, Economic Growth and Tax Relief Reconciliation Act of 2001 EGTRRA changes that take place in 2005, annual inflation adjustments affecting the estate and gift tax...; Tags: asset, compliance, estate, FINANCE, LLC, Sec, Taxes; Research articles 2005-09-01