Improving the Principal Residence Disaster Relief Provisions
Francine J. Lipman
University of Nevada, Las Vegas - William S. Boyd School of Law
Tax Notes, Vol. 66, No. 859, 1995
In this article, the author proposes a simple statutory solution to an inequity in the disaster relief provisions of the Internal Revenue Code. Using two hypothetical taxpayers, the paper demonstrates that similarly situated disaster-struck taxpayers may not be treated equally. She then analyzes the Service's position in this area, including a discussion of case law in which she focuses on the interactions between sections 1033 and 1034. The author then reviews legislative history to discern Congress's intent when it enacted section 1034. Finally, in her conclusion, the author sets forth a simple statutory amendment to remedy this inequity.
Number of Pages in PDF File: 8
Keywords: disaster relief, residence, tax policy
JEL Classification: H24, K11, K34, R52Accepted Paper Series
Date posted: January 10, 2008
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