Estate of Malkin v. Commissioner

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September 16, 2009

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federal taxation
Estate of Malkin v. Commissioner
2009 WL 2958661 (U.S. Tax Ct.)
US
Federal Court
Federal
United States Tax Court
Edward L Peck, Frederick C Mutter, Gerald J Fields, Harvey A Strickon, Lydia A Branche, Shawna A Early
Halpern

Summary

Tax Court finds transfer of $16 million in marketable securities to two FLPs fail to qualify as bona fide, non-tax business transactions when decedent retained full use of assets, including pledging them as collateral for personal debt.
Estate of Malkin v. Commissioner
PDF, Size: 57 KB

See Also

‘Sham’ Funding Plus Pledging FLP Assets for Personal Debt Adds Up to Taxpayer Loss

Legal and Court Case Update
December 2009

Tax Court finds transfer of $16 million in marketable securities to two FLPs fail to qualify as bona fide, nontax business transactions when decedent retained full use of assets, including pledging them as collateral for personal debt.