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Required minimum distributions back in 2010
May 3, 2010 9:59 AM
After taking a year off in 2009, required minimum distributions are back.
In other news...
Taxpayer can’t establish dependency exemptions: A father could not establish his entitlement to dependency exemptions for his federal income tax based on an initialed copy of the separation agreement from his divorce, the U.S. Tax Court has ruled in upholding a $3,600 deficiency assessment.
Inheritance claim is time-barred: The discovery rule did not toll the statute of limitations for the reopening of probate proceedings to establish the inheritance rights of a woman who claimed that she was the non-marital child of a man who died in 1948, the Texas Supreme Court has ruled in reinstating a dismissal.
Beneficiary can’t sue lawyer for estate advice: A testamentary beneficiary can’t sue an attorney for malpractice in allegedly giving bad advice to the estate, the Virginia Supreme Court has ruled.
Annuity income doesn’t count for Medicaid eligibility: A community spouse’s income from a commercial annuity can’t be considered an available resource in determining an institutionalized spouse’s eligibility for Medicaid, the Missouri Court of Appeals has ruled in reversing denials of benefits.
‘Trial within a trial’ allowed in malpractice suit: A law firm may use the trial-within-a-trial doctrine to avoid liability for depriving a client of her rightful share of her husband’s estate - even though the parties had already engaged in the underlying litigation, Maryland’s highest court has ruled in reversing a summary judgment.
Click here for the Lawyers USA Taxation law page.
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