Summary
Tax Court finds excellent facts regarding formation and legitimate, non-tax purpose of a family limited partnership, sufficient to value its interests at a stipulated discount for purposes of estate tax.
Estate of Black v. Commissioner
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See Also
A ‘Facts Too Good to Be True’ Family Limited Partnership Case?
Tax Court finds excellent facts regarding formation and legitimate, nontax purpose of a family limited partnership, sufficient to value its interests at a stipulated discount for purposes of estate tax.