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Natalie Santangelo died March 29, 2007, owning about 21,500 shares of HCA, Inc. She had the stock certificates. But after HCA merged with another corporation in 2006, HCA stockholders were entitled to receive $51 for each share of stock. The merger agreement required HCA to deposit the funds with a paying agent. ....
Driving gets more difficult as we get older. Our reactions may be slower as our physical and thinking functions decline. There are more distractions now than there used to be. Of course the roads are more congested and there are a few dangerously aggressive drivers out there. ....
A recent Tax Court case, McCarthy v. Commissioner, T.C. Memo 2015-50 is an illustration of how it is easy to be confused about retirement benefits and taxation of some Social Security benefits. The taxpayers are a married couple. She was a retired nurse with state retirement benefits. ....
The Eighth Circuit Court of Appeals affirmed the Tax Court’s decision that a couple did not show they held the farmhouse as a rental or for the production of income (sale at a gain later). They did rent out the farm land. But the Courts distinguished the land rental from the farmhouse. ....