Professors' Corner

Professors' Corner: Moore on Powell and I.R.C. Section 2043

Professors' Corner is a monthly webinar which features a panel of law professors, discussing recent cases or issues of interest to real estate or trust and estate practitioners and scholars. The Professor's Corner Webinar is sponsored by the Joint Legal Education and Uniform Laws Group of the ABA Section of Real Property, Trust and Estate Law

Joint Legal Education and Uniform Laws Group
Estate of Powell v. Commissioner to determine gross estate inclusion of limited partnership interests and underlying limited partnership assets pursua

Estate of Powell v. Commissioner to determine gross estate inclusion of limited partnership interests and underlying limited partnership assets pursua

(credit: Getty Images/James Pintar)

Recorded on February 9, 2021

Presenters:

  • Elaine H. Gagliardi, Alexander Blewett III School of Law at University of Montana;
  • J. Martin Burke, Alexander Blewett III School of Law at University of Montana;

Moderator:

  • Amy Hess, University of Tennessee;

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.

 

The content of this program does not meet requirements for continuing legal education (CLE) accreditation. You will not receive CLE credit for for this program or any Professors’ Corner programs.

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