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IRS can tax death benefits used to purchase stocks, high court rules
Courthouse News Service· 4 days agoContractual agreements to purchase shares of deceased CEOs do not diminish the value of those...
Supreme Court Backs IRS In Corporate Redemption Estate Tax Case
Forbes· 4 days agoClosely held corporations often enter into agreements to redeem a shareholder's stock after death to...
Supreme Court Confirms Life Insurance Proceeds Received by Corporation Increase Estate Tax Value of...
JD Supra· 3 days agoSince 2005, many closely held businesses had relied on the Eleventh Circuit decision in Estate of Blount, that even when a stock-purchase agreement did not meet the requirements ...
J.D. FOSTER: Beware The Big 2025 Tax Con
IJR· 5 days agoConsider how adopting the term “death tax” in lieu of “estate tax” advanced reforms to previously unimaginable success ...
Trump Tax Cut Renewal Is Winning Wall Street, But Could Cost $4.6 Trillion
Bloomberg via Yahoo Finance· 3 days ago(Bloomberg) -- The prospect of a fresh round of tax cuts next year is helping Donald Trump woo Wall...
Advocating for Iowa families and taxpayers in Congress | News, Sports, Jobs - Times Republican
Marshalltown Times-Republican· 2 hours agoCumulative inflation has skyrocketed by nearly 20% since President Biden took office while real...
Tax Breaks: The Art Of Donating What You Love And Getting A Tax Deduction
Forbes· 2 days agoGary Prebula is different. In 1963, at age 12, he plopped down 12 cents to buy the first issue of The Amazing Spider-Man #1, the character’s solo-debut after Stan Lee introduced the teenage ...
Is Private Placement Life Insurance the Next IRS Tax Enforcement Target? | The Legal Intelligencer
Law.com· 6 days agoAlthough this funding did and continues to fill important IRS needs for tax enforcement resources,...
Supreme Court Decides Connelly v. United States | JD Supra
JD Supra· 3 days agoUnited States, No. 23-146, holding that a corporation’s contractual obligation to redeem shares is not necessarily a liability that reduces a corporation’s value for purposes of the federal ...
Las Vegas Review-Journal: The rich pay more than their ‘fair share’ of taxes
Journal Gazette & Times-Courier· 4 days agoOne of the most persistent myths in politics is that rich have lower tax rates than middle-income...