Summary
The U.S. Tax Court determined that the limited partnership form should be disregarded for gift tax purposes when the contribution of property occurred on the same day as gifts of limited partnership units from the contributor to his children and where the ...
Mark W. Senda and Michele Senda v. CIR (Senda I)
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See Also
FLP Formalities Should Be Respected in Order to Obtain Tax Advantages of the FLP
The U.S. Tax Court determined that the limited partnership form should be disregarded for gift tax purposes when the contribution of property occurred on the same day as gifts of limited partnership units from the contributor to his children.