Estate of Turner v. Commissioner (I)

BVLaw
Full Text of Court Cases
August 30, 2011
6733 Trusts, Except Educational, Religious, and Charitable
federal taxation

Estate of Turner v. Commissioner (I)
2011 WL 3835663 (U.S. Tax Court)
US
Federal Court
United States Tax Court
Willis Investment Counsel
Marvel

Summary

Tax Court includes full value of family limited partnership assets in the gross estate after finding that their nature (passive investments in cash and marketable securities) provided no legitimate, nontax reason for their consolidation or management.
Estate of Turner v. Commissioner (I)
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See Also

‘Standard Form’ FLP Fails to Establish Nontax Purpose

Tax Court includes full value of family limited partnership assets in the gross estate after finding that their nature (passive investments in cash and marketable securities) provided no legitimate, nontax reason for their consolidation or management.