Waiting for the Other Shoe

9 Pages Posted: 18 Oct 2017

Date Written: October 16, 2017

Abstract

Last year in Estate of Dieringer v. Commissioner the Tax Court disallowed a large portion of a claimed estate tax charitable deduction for the transfer of the decedent's controlling interest in a closely-held stock to a private foundation, where the corporation redeemed the stock at a steep discount from its reported estate tax value. The logic of the decision is arguably flawed, and the 9th Circuit federal appeals court may reverse, but the executor's troubles may be far from over.

Keywords: Estate Tax, Charitable Deduction, Private Foundation, Self-Dealing

JEL Classification: K34

Suggested Citation

Willis, Russ, Waiting for the Other Shoe (October 16, 2017). Tax Notes, Vol. 156, No. 12, September 2017. Available at SSRN: https://ssrn.com/abstract=3054228

Russ Willis (Contact Author)

The Greystocke Project ( email )

1042 East Lester Street
Tucson, AZ 85719
United States
314.566.3386 (Phone)

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