What gives? Tax Court allows gift tax exclusion for FLP interests
$225.00
Description
Abstract: Reversing its own recent trend, the U.S. Tax Court in a recent case held that gifts of interests in a family limited partnership (FLP) qualified for the federal annual gift tax exclusion. In three previous cases, the same court held that the exclusion didn’t apply to gifts of limited partnership interests. This article looks at the court’s reasoning.
Additional information
| Year | |
|---|---|
| Niche | |
| Newsletter | |
| Issue | |
| Word Count |