Tax Court Disregards FLP That Taxpayer Disregarded

Business Valuation UpdateVol. 10 No. 5
Legal and Court Case Update
May 2004
estate and gift taxation
estate tax

Estate of Hillgren v. Commissioner
T.C. Memo. 2004-46, 2004 Tax Ct. Memo. LEXIS 48
March 3, 2004
Federal Court
United States Tax Court
Hieu C. Nguyen
Carsten Hoffman (for estate) <br> Raynor Klaris, ASA (for IRS) <br> John A. Thomson, ASA (for IRS)


The issues in this estate tax case were whether the court should disregard a family limited partnership (FLP) under IRC Section 2036(a) and the fair market value of the assets of the partnership.

See Also

Estate of Hillgren v. Commissioner

At issue is the validity of discounts applied taking into consideration a business loan agreement.