by Dennis Stuchell
8. February 2012 08:45
A recent U.S. Tax Court case (Estate of Liljestrand) reminds us that proper planning is essential when forming a Family Limited Partnerhship (FLP). The Court included the FLP assets in the estate and hit the taxpayer for an additional $2.5 million in estate taxes. The Cour...
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by Dennis Stuchell
25. July 2011 09:09
“There were 102,608 gifts given in 2008 against which valuation discounts were taken,” reports IRS economist Melissa J. Belvedere in the recent IRS publication 2008 Gifts, “and the dollar value of these discounts totaled $3.7 billion.” Of the 234,714 returns filed for Gift Ye...
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