![Trusts & Estates logo Trusts & Estates logo](https://eu-images.contentstack.com/v3/assets/bltabaa95ef14172c61/bltbd5defc64f6009ee/670cf9093dbe55752cb9da04/cf81ba8d-3b13-48d4-9e34-9fad6c8627d7.jpg?width=700&auto=webp&quality=80&disable=upscale)
Helpful RulingsHelpful Rulings
Some helpful rulings for retirement benefits planning were announced in 2005. One court ruling defines higher education expenses, a revenue ruling clarifies disclaimers and a series of private letter rulings authorizes numerous trustee-to-trustee transfers by individual beneficiaries when a trust was the named beneficiary. HIGHER ED What constitutes a higher education expense that qualifies for an
Marcia Chadwick Holt, partner, Davis Graham & Stubbs LLP, Denver
Some helpful rulings for retirement benefits planning were announced in 2005. One court ruling defines higher education expenses, a revenue ruling clarifies disclaimers and a series of private letter rulings authorizes numerous trustee-to-trustee transfers by individual beneficiaries when a trust was the named beneficiary.
HIGHER ED
What constitutes a higher education expense that qualifies for an exception to the individual retirement account (IRA) early withdrawal penalty that imposes a 10 percent additional tax? Surprise! In Gorski v. Comm'r1, the U.S. Tax Court held Aug. 4, that books, a computer, housewares, furniture, appliances and bedding were not qualified higher educ...
Unlock All Access Premium Subscription
Get Trusts & Estates articles, digital editions, and an optional print subscription. Choose your subscription now and dive into expert insights today!
Already Subscribed?