A Gift for Taxpayers and FLPs?

Business Valuation UpdateVol. 6 No. 2
Legal and Court Case Update
February 2000
estate and gift taxation
gift tax, tiered entity discount

Kerr v. Commissioner (I)
113 T.C. No. 30
December 23, 1999
Federal Court
United States Tax Court


The Tax Court in this gift tax case has issued the first guidance on some of the tax issues facing family limited partnerships (FLPs).

See Also

Kerr v. Commissioner (I)

At issue is the valuation of the FLP interests for federal gift tax purposes.