, February 21, 2024

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Tax

  Nov 18, 2023

Structure of the Internal Revenue Code

When talking about the Internal Revenue Code (IRC), knowing where you are and...

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Tax

  Nov 15, 2023

An Unexpected Meaning of Bequest in Black's Law Dictionary Sheds New Light on the IRS's No-Basis Adjustment Ruling for Irrevocable Trusts

In a surprising twist, the dictionary the IRS relies on as an authority for Rev. Rul. 2023-2 allows taxpayers to reach a different conclusion....

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Tax

  Nov 10, 2023

IRS Published Inflation-Adjusted Tax Rates for 2024

In Revenue Procedure 2023-34, the IRS published inflation-adjusted tax rates for 2024. Married...

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  Feb 15, 2022

Flashback: Congress Considered Capital Gains Tax on Death in 1969

The U.S. Treasury Department stated that a step-up in basis creates inequity and immobilizes assets....

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