Estate of Kite v. Commissioner

BVLaw
Full Text of Court Cases
February 7, 2013
6021 National Commercial Banks
522110 Commercial Banking
federal taxation
gift tax, estate planning, market value, annuity

Estate of Kite v. Commissioner
2013 Tax Ct. Memo LEXIS 43
US
Federal Court
Oklahoma
United States Tax Court
N/A
Paris

Summary

At issue in this taxpayer action was whether the transfer of family partnership interests held by the decedent's lifetime revocable trust to her children in exchange for private annuity agreements was a disguised gift subject to gift tax.
Estate of Kite v. Commissioner
PDF, Size: 72 KB