FLPs Shall Not Be Disregarded for Gift Tax Purposes

Business Valuation UpdateVol. 7 No. 1
Legal and Court Case Update
January 2001

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6733 Trusts, Except Educational, Religious, and Charitable
525920 Trusts, Estates, and Agency Accounts
estate and gift taxation
Knight v. Commissioner
2000 U.S. Tax Ct. LEXIS 88, 115 T.C. No. 36, 267, 290
November 30, 2000
US
Federal Court
United States Tax Court
Colvin

Summary

In this case, the Tax Court determined that a Texas family limited partnership could not be ignored for valuation purposes and that § 2704(b) did not apply.

See Also

Knight v. Commissioner

Full Text of Court Cases
November 30, 2000

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