Hackl v. Commissioner (II)

Full Text of Court Cases
July 11, 2003
0811 Timber Tracts
111421 Nursery and Tree Production
estate and gift taxation
gift tax, limited liability company, pass-through entity

Hackl v. Commissioner (II)
2003 U.S. App. LEXIS 13936
Federal Court
7th Circuit
United States Court of Appeals


Issue was whether restrictions on transfer in operating agreement meant that the gifted shares were "essentially without immediate value to the donees."
Hackl v. Commissioner (II)
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See Also

7th Circuit Affirms Tax Court; Gifts Were of Future Interests

This opinion is the 7th Circuit Court of Appeals’ ruling on appeal from the Tax Court opinion of Hackl v. Commissioner, 118 T.C. 279 (U.S. Tax Ct. 2002).