Taxpayer Victory on FLP Recognition

Business Valuation UpdateVol. 6 No. 3
Legal and Court Case Update
March 2000
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
Federal Court
United States District Court
Bruce Johnson (for plaintiff)


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)

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