Trust Tax

Deductibility of Trust Fees

• Joint Letter to IRS Re Trustee Fee Unbundling Rule (6/26/14)
• ABA Letter to IRS Re Unbundling of Trustee Fee Rule (5/30/14)
• ABA Letter to IRS Re Section 67(e) Proposal (12/6/11)
• IRS Extends Section 67(e) Interim Guidance (12/11/08)
• ABA Comment Letter to IRS Re Section 67(e) Proposal (5/9/08)
• IRS Section 67(e) Interim Guidance (2/27/08)
• Supreme Court Decision: Knight v. CIR (1/16/08)
• ABA Comment Letter on IRS Trust Fees Proposal (10/24/07)
• ABA Amicus Brief to the Supreme Court in the Rudkin Case (8/23/07)

Cost Basis Reporting on Form 1099-B

• ABA Comment Letter to IRS Re Cost Basis Reporting on Bonds (6/24/15)
• ABA Letter to IRS Re Cost Basis Rules for Debt Instruments (9/18/2013)
• ABA Comment Letter to IRS Re Basis Reporting by Securities Brokers and Basis Determination for Stock (2/12/10)
• ABA Comment Letter to IRS Re Cost Basis Reporting Guidance (3/3/09)
• ABA Comment Letter to the Senate Finance Committee on Basis Reporting (6/29/07)

Type III Supporting Organizations

• ABA Letter to the IRS Re Type III Support Organizations (3/29/13)
• ABA Letter to IRS Re Type III SOs (12/22/09)
• ABA Comment Letter on IRS Type III SOs Proposal (10/31/07)
• ABA Comment Letter to the House Ways and Means Committee re Type III Supporting Organizations (7/31/07)
• ABA Comment Letter to IRS on Type III SOs (4/13/07)

Estate Tax Reform

The Economic Growth and Tax Relief Reconciliation Act of 2001 ("EGTRRA") provided for the gradual phase-out of federal estate, generation skipping taxes and complete repeal by 2010. In 2011 estate and generation skipping taxes will be enforced at confiscatory rates.

The ABA Trust Tax Committee in collaboration with the American Bar Association, American College of Tax Counsel, AICPA and the American College of Trust and Estate Counsel issued a report containing expert analysis of changes enacted by EGTTRA regarding federal wealth transfer taxes. Click here for the report.

• ABA Comment to IRS on Guidance on Electing Portability of Deceased Spousal Unused Exclusion Amount (11/7/11)
• ABA Backgrounder: Federal Estate Tax (1/10)
• ABA Letter to Senate Finance Committee on Estate Tax (4/29/09)
• ABA Letter to House Ways and Means Committee on Estate Tax (4/29/09)
• ABA Statement for the Record on Senate Finance Committee Estate Tax Reform Hearing (4/3/08)

Patenting of Tax Strategies

• ABA Comment Letter on IRS Patented Transactions Proposal (12/26/07)
• IRS Proposal on Patented Transactions (9/26/07)

Other Trust Tax Matters

• ABA Comment Letter to IRS Re Executor Reporting (6/1/16)
• ABA Comment Letter to SEC on U.S. Proxy System (10/22/10) 
• ABA Comment Letter to IRS re: Preparer Proposal (10/7/10)
• ABA Comment Letter to IRS on Electronic Funds Transfer of Depository Taxes (9/22/10)
• ABA Letter to FinCEN Re FBAR (4/27/10)
• ABA Letter to IRS Re GST Proposal (12/22/09)
• ABA Letter to IRS Re FBAR (10/6/09)
• ABA Comment Letter to IRS Re Filing Extension Proposal (9/29/08)
• ABA Comment Letter to IRS on Priority Guidance (5/30/08)