A ‘Facts Too Good to Be True’ Family Limited Partnership Case?

Business Valuation UpdateVol. 16 No. 3
Legal and Court Case Update
March 2010

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6331 Fire, Marine, and Casualty Insurance
524126 Direct Property and Casualty Insurance Carriers
federal taxation
Estate of Black v. Commissioner
133 T.C. 15
December 14, 2009
US
Federal Court
Federal
United States Tax Court
Halpern

Summary

Tax Court finds excellent facts regarding formation and legitimate, nontax purpose of a family limited partnership, sufficient to value its interests at a stipulated discount for purposes of estate tax.

See Also

Estate of Black v. Commissioner

Full Text of Court Cases
December 14, 2009

Tax Court finds excellent facts regarding formation and legitimate, non-tax purpose of a family limited partnership, sufficient to value its interests at a stipulated discount for purposes of estate tax.