IRS Reasserts Its Positions on Material Participation by Trusts

dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T02:52:15.000
dc.date.accessioned 2020-06-29T22:54:54Z
dc.date.available 2020-06-29T22:54:54Z
dc.date.embargo 2017-11-15
dc.date.issued 2007-09-14
dc.description.abstract <p>On August 17, 2007, stung by the court decision in <em>The Mattie Carter Trust v. United States,</em><strong>1 </strong>the Internal Revenue Service in a technical advice memorandum<strong>2 </strong>reasserted the<em> </em>position rejected by the 2003 decision by the United States District Court in the Northern<em> </em>District of Texas.<strong>3 </strong>The dispute is highly important to trusts (and estates) involved in<em> </em>carrying on a trade or business where losses run the risk of a challenge as to deductibility<em> </em>as passive activity losses.<strong>4</strong><em></em></p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol18/iss18/1/
dc.identifier.articleid 1894
dc.identifier.contextkey 11054441
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol18/iss18/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3322
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol18/iss18/1/AgLawDigest_v18n18_01.pdf|||Fri Jan 14 17:50:31 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 IRS Reasserts Its Positions on Material Participation by Trusts
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication 5c99f3ac-47d6-4bf2-9f44-0d3316b4ce7c
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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