Tag Archives: valuation discounts

2012 Gift & Estate Tax Decisions of Note

Posted on February 14, 2013 by

View in PDF:  Tax News & Comment — February 2013 2012 Gift & Estate Tax Decisions of Note I.    Formula Clauses The Tax Court in Wandry v. Com’r, T.C. Memo 2012-88, nonacq., 2012-46 I.R.B. upheld a defined value clause containing … Continue reading →

Posted in Gift & Estate Tax Decisions of Note, Gift Tax Planning, News, Tax Decisions, Tax News & Comment | Tagged , , , , , , , , , , , , , , , , , , , , , ,

Anticipating IRS Challenges to FLPs and FLLCs

Posted on March 15, 2010 by

Possessed of favorable tax attributes and tremendous flexibility, family limited partnerships (FLPs) and family limited liability companies (FLLCs) have proliferated over the past decade and have become an integral part of many estate plans. They can be used to manage a family business, to implement a plan of family succession and can even serve as extremely effective testamentary instruments. Recognized as separate legal entities, FLPs and FLLCs also accomplish formidable asset protection objectives. Continue reading →

Posted in Estate Planning, Family Entities | Tagged , , , , , , , , | Leave a comment

The Federal Gift Tax Return Form 709: Tax and Legal Issues

Posted on March 4, 2010 by

With little Congressional interest in increasing the $1 million lifetime exemption, familiarity with gift tax is important in estate planning. This seminar will first consider legal requirements for a completed gift. Filing requirements will then be reviewed. Gifts exempt from … Continue reading →

Posted in Gift Tax Returns, Treatises | Tagged , , , , , , , , , , , , ,