U.S. Supreme Court Clarifies Extent of State Medicaid Lien Statutes

dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T03:14:02.000
dc.date.accessioned 2020-06-29T22:55:22Z
dc.date.available 2020-06-29T22:55:22Z
dc.date.embargo 2017-11-15
dc.date.issued 2008-02-08
dc.description.abstract <p>In a rare unanimous opinion, the United States Supreme Court on January 16, 2008 settled, for now, the question of whether investment advisory fees are fully deductible.<strong>1 </strong>The high court held that investment advisory fees incurred by trusts are generally subject to the two-percent floor for miscellaneous itemized deductions.<strong>2 </strong>The decision means that such fees are deductible only to the extent that their total, along with certain other miscellaneous itemized deductions, exceeds two-percent of the trust’s adjusted gross income, which translates into smaller deductions and more taxable income for many trusts.</p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol19/iss3/1/
dc.identifier.articleid 1913
dc.identifier.contextkey 11056844
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol19/iss3/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3388
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol19/iss3/1/AgLawDigest_v19n03_01.pdf|||Fri Jan 14 17:50:23 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title U.S. Supreme Court Clarifies Extent of State Medicaid Lien Statutes
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication 9db6adea-1363-4506-a5f6-e278598aea65
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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