Summary
IRS allowed 33% combined discount for FLP—but Court rules that state (Penn.) Department of Revenue does not have to defer to IRS calculations to disallow discount.
In re Estate of Berry
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See Also
Two Cases Question FLPs as Estate Planning/Asset Protection Devices
IRS allowed 33% combined discount for FLP—but court rules that state (Pennsylvania) Department of Revenue does not have to defer to IRS calculations to disallow discount.