FLP’s Liquidation Provisions Must Be Considered When They Are Not More Restrictive Than State Law

Business Valuation Update BVLaw
Legal and Court Case Update
December 23, 1999
estate and gift taxation
gift tax, tiered entity discount

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


The Tax Court granted the Kerrs' motion for summary judgment.

See Also

Kerr v. Commissioner (I)

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