Taxpayer Victory on FLP Recognition

Business Valuation UpdateVol. 6 No. 3
Legal and Court Case Update
March 2000

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0291 General Farms, Primarily Livestock and Animal Specialties
112990 All Other Animal Production
estate and gift taxation
income approach, discount for lack of marketability (DLOM), market approach, partnership agreement, discount for lack of control (DLOC), undivided interest
Church v. United States (I)
2000 U.S. Dist. LEXIS 714
January 18, 2000
US
Federal Court
Texas
United States District Court
Bruce Johnson (for plaintiff)
Garcia

Summary

On Jan. 18, 2000, Judge Orlando Garcia of the United States District Court ruled in favor of the taxpayer in the first family limited partnership case to be tried in a federal district court.

See Also

Church v. United States (I)

Full Text of Court Cases
January 18, 2000

At issue is whether a partnership transaction was entered into for no purpose other than to reduce the taxation of Mrs. Church's estate.