Article on Van Alen

Wendy C. Gerzog (University of Baltimore – School of Law) recently published an article entitled, Van Alen: A Reasonable Consistency, Tax Notes, Vol. 142, No. 2 (January 13, 2014).  Provided below is the abstract from SSRN:

In Van Alen, the Tax Court held that the duty of consistency required that two of the decedent’s children use the section 2032A basis valuation figures to determine gain on the sale of their interest in the decedent’s ranch, which was left to them in trust. The siblings had argued that their stepmother erroneously completed their father’s estate tax return.