JD Supra

Court Holds That Devise Of “Personal Property” In A Will Included Tangible And Intangible Property, Including Money In Bank Accounts

In In re Estate of Debra E. Hunt v. Arabia Vargas, a trial court granted summary judgment interpreting a will to devise a large share of the testatrix’s personal property to her life partner. No.
JD Supra

California Market-Based Sourcing Regulation Impacts Asset Managers and Taxpayers with Receipts from Services and Intangibles

After nearly a decade of development, the California Franchise Tax Board promulgated changes to its market-based sourcing regulation for sales of other than tangible personal property. The amended ...
JournalofAccountancy

Intangible property repatriation rules finalized

The IRS on Wednesday issued final regulations (T.D. 9994) that, in certain cases, terminate the continued application of Sec. 367(d) when intangible property is repatriated to certain U.S. persons ...
Oil

Oilfield business personal property

IN GENERAL, personal property tax valuations are likely two to five times too high for equipment. For oilfield equipment, personal property tax valuations are typically four to 10 times the correct ...