Tax Year in Review

Cavallaro v. Commissioner: Tax Court memorandum holds parents made gift to sons in a non-arm’s-length merger of two family-run companies

Frank Aragona Trust v. Comm’r: Tax Court ruling upholds trustees’ activities as qualifying trust for material participation exception under IRC Section 469

CCA 201406010: IRS confirms role of estate beneficiaries when there’s no executor

PLR 201410001: IRS approves incomplete gift non-grantor trust strategy

Revenue Procedure 2014-61: IRS sets certain inflation-adjusted tax items for 2015