Professors' Corner: Moore on Powell and I.R.C. Section 2043
Estate of Moore v. Commissioner (Tax Ct. 2020) was the first case to apply the controversial I.R.C. § 2043 holding of Estate of Powell v. Commissioner to determine gross estate inclusion of limited partnership interests and underlying limited partnership assets pursuant to I.R.C. § 2036. The panelists will analyze the Moore court’s interpretation of Powell and will consider the possible income tax basis implications of the Tax Court’s holdings in those cases.
Tuesday, February 9, 2021