The National Law Forum

The Blog of the The National Law Review

Category Archives: Real Estate

“Rails to Trails” or “Rails to Trespass”: Supreme Court Speaks on the Abandonment of Certain Railroad Rights of Way

Last month, the Supreme Court of the United States (please, there is no such thing as the “United States Supreme Court”) decided a very interesting case about easements.  “Easements?”, you ask.  Yes, easements.  We use them almost every day.  Well, every weekend, perhaps.  Greenways.  Rails to trails.  Beach access.  You name it.  Also, the case …

Continue reading

U.S. Tax Court Rejects Internal Revenue Service’s (IRS) Restrictive View of Trust Material Participation

The U.S. Tax Court recently issued a taxpayer favorable opinion regarding how a trust materially participates in its activities. The court’s holding will make it easier for trusts to currently deduct expenses against non-passive income and to exclude income from the reach of the new 3.8% net investment income tax. In Frank Aragona Trust v. Comm’r, …

Continue reading

Follow

Get every new post delivered to your Inbox.

Join 13,297 other followers