Select a date
Please wait ...

What is is an online tool for planning professionals seeking to manage their research, save time and make educated decisions. In addition to a fully searchable library, useful calculations and personal file management, subscriptions include daily commentary from our team of experts on important events, as well as access to the definitive Handbook on the field of Charitable Planning.

Subscribe Now
7-day trial
Learn More

Recent Commentary RSS Feed

Condiotti: Settlor Cannot Swap Promissory Note for Stock in IDGT

Wednesday, October 7, 2015

In an unpublished opinion, the Colorado Appeals Court affirmed a trial court decision involving the swap of assets between a settlor and an intentionally defective grantor trust. The lower court permitted the trustees of the grantor trust to refuse to swap the trust's diversified portfolio of cash and securities for the settlor's $9.5 million unsecured promissory note.

Revocations and Rejections

Tuesday, October 6, 2015

This week's release of private letter rulings included three rejection letters, PLRs 201540016, 201540017, and 201540019, the latter sustained on appeal.

PLR 201540006 - Disclaimer of Interest in Pre-1977 Trust

Monday, October 5, 2015

In PLR 201540006, the Service ruled a taxpayer's disclaimer of her interest in a pre-1977 trust would not be treated as a taxable gift.

PLR 201540018 - Scholarship Exception Ruling

Monday, October 5, 2015

In PLR 201540018, the Service determined a private foundation's grants to individuals would fall within the scholarship exception to the general prohibition against taxable expenditures.

More Recent Commentary

Content provided by in conjunction with Kallina & Associates, LLC


If you encounter problems when using this website, or when the website does not function as you would expect, please contact our support team:


Questions related to our terms of use, privacy policy, copyright or other such legal matters should be directed to our legal team:


If you have comments about the website or our commentary, or if you have suggestions on how we can better serve you, please use our Feedback Form.

© 2006-2015, CPC Holdings, LLC