Another FLP Deduction Disallowed for Lack of Viable Business Purpose

Business Valuation UpdateVol. 13 No. 2
Legal and Court Case Update
February 2007

Access the Full Article

This article is available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (460 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
estate and gift taxation
Estate of Korby v. Commissioner of Internal Revenue
2006 U.S. App. LEXIS 30087
December 8, 2006
US
Federal Court
8th Circuit
United States Court of Appeals
none
Bye

Summary

Tax Court includes asset of family limited partnership (FLP) in estate, as FLP had no legitimate business purpose, other than tax avoidance.

See Also

Estate of Korby v. Commissioner of Internal Revenue

Full Text of Court Cases
December 8, 2006

Tax Court includes asset of Family Limited Partnership (FLP) in estate, as FLP had no legitimate business purpose, other than tax avoidance.