Central Intelligence – October 2024

Stay informed on important court rulings and legislative updates that can impact our industry. Each month, this publication summarizes topics that can directly impact your business. This issue includes: 

• Tax Court finds termination of QTIP trust results in taxable gifts by remainder beneficiaries
• Tax Court includes assets of partnership in Decedent’s estate
• District Court finds statute of limitations had run out on government’s ability to collect unpaid estate tax
• IRS issues final regulations identifying syndicated conservation easements as listed transactions
• IRS issues final rules on consistent basis reporting