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- Title
Tax Tip.
- Authors
Egerton, Charles H.; Waters, Edward A.
- Abstract
The article discusses issues in taxation in the U.S. as of May 2015, particularly those involving the sale of real estate between related entities. It explains the practice of taxpayers like a tax partnership to sell undeveloped property to a controlled corporation to lock in the pre-sale appreciation of the property at long-term capital gains rates. Also cited are some cases involving the Internal Revenue Service (IRS) on the issue, including R. H. Bramblett, National Carbide, and MG Bolinger.
- Subjects
UNITED States; REAL estate sales tax; PROPERTY tax laws; UNITED States tax laws; CAPITAL gains tax laws; UNITED States. Internal Revenue Service
- Publication
Journal of Passthrough Entities, 2015, Vol 18, Issue 3, p39
- ISSN
1099-7407
- Publication type
Article