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Donor Realizes Income On Conditional Gift
December 16, 2025
In 1972, petitioners made gifts of approximately 85,000 shares of stock to their three children. The gifts were subject to a condition that the donees pay the resulting gift ta...

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Recent Reports

The NYC UBT Conforms To The Federal Income Tax
December 16, 2025
Petitioner, ("P"), a limited liability company...classified as a partnership...is a media company. P is subject to the New York City Unincorporated Business Tax, (&qu...
Loans Were Constructively Received Upon Termination Of Policy
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On December 14, 1987, P purchased a whole life insurance policy from Mass Mutual insuring one of P's children. P was the owner and beneficiary of Policy No. 1. &n...
Payment Obligation That Survives Death Is Not Alimony
December 16, 2025
P and L were married from 2005 to 2017. In 2013, P sustained a severe injury at work and was permanently disabled. &...
LOGC's Bold Plan To Wring Value From Its Copious Net Operating Losses
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