Publications

Section Newsletter Articles on Gift Taxes

NINGs – Nevada Incomplete Gift Trusts: IRS approves transfers to incomplete gift non-grantor trusts to create significant state income tax savings By Michael Mazzone Trusts and Estates, December 2013 On March 8, 2013, in Private Letter Rulings 20131002-201310006, the IRS released a favorable ruling addressing the gift and income tax consequences of transfers to Incomplete Gift Non-Grantor Trusts.
Estate and gift tax update By James C. Krupp Federal Taxation, April 2011 A summary of recent cases.
Summary of the Estate, Gift, and Generation-Skipping Transfer Tax Provisions of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 By Ryan A. Walsh Federal Taxation, February 2011 A look at transfer taxes under the new Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.
Estate and gift tax: Recent cases and rulings By Joseph P. O’Keefe and Elizabeth C. Hesselbach Federal Taxation, March 2008 Until recently, the IRS had required any estate making a §6166 election to post a surety bond or grant the IRS a special extended tax lien.