Jason E. Havens is a Partner at Holland and Knight LLP (Jacksonville and Tallahassee). He specializes in advanced estate and charitable planning law, probate/trust administration, and estate/trust litigation. He is board certified in Wills, Trusts and Estates Law (FL) and as an Estate Planning Law Specialist (TN). He is a Fellow of The American College of Trust and Estate Counsel.
Sunday, April 6, 2014
Tax Court Gives Taxpayer a Victory in Frank Aragona Trust Case -- But Doesn't Go...
Tax Court Gives Taxpayer a Victory in Frank Aragona Trust Case -- But Doesn't Go All the Way - BNA (JEH: Tax Court case permits trustees to satisfy "material participation" test for passive activity purposes, which has become more important due to the potential application of the 3.8% net investment income (Medicare) surtax -- not for purposes of claiming losses, but to determine whether a trust's income from rental real property is passive and thus subject to the 3.8% surtax)