Tax Court Resolves ‘Mismatch’ Between FLP Values and Marital Deduction

Business Valuation UpdateVol. 18 No. 7
Legal and Court Case Update
July 2012
6733 Trusts, Except Educational, Religious, and Charitable
525920 Trusts, Estates, and Agency Accounts
federal taxation

Estate of Turner v. Commissioner (II)
138 T.C. No. 14 (U.S. Tax Court)
March 29, 2012
US
Federal Court
Federal
United States Tax Court
Willis Investment Counsel
Marvel

Summary

On a motion for reconsideration, Tax Court finds no new evidence or rationale to reverse its prior opinion, which included the value of family limited partnership assets in the gross estate; it also found the estate was not entitled to claim the marital d ...

See Also

Estate of Turner v. Commissioner (II)

On a motion for reconsideration, Tax Court finds no new evidence or rationale to reverse its prior opinion, which included the value of family limited partnership assets in the gross estate; it also found the estate was not entitled to claim the marital d ...