Stephanie E Heilborn Esq 2 posts 0 comments

Fiduciaries often face many tax options and elections during the administration of an estate or trust. The manner in which the fiduciary exercises, or does not exercise, tax elections and options will significantly affect one, some, or all…

On July 6, 2004, the Internal Revenue Service (the “Service”) issued Revenue Ruling 2004-64, 2004-27 I.R.B. 7 (the “Ruling”). It addresses gift tax consequences of a grantor’s payment of the income tax attributable to the inclusion of the…