Taxpayers Transferred FLP Interests in Form and Substance

Business Valuation Update BVLaw
Legal and Court Case Update
December 23, 1999
estate and gift taxation
gift tax, tiered entity discount

Kerr v. Commissioner (I)
113 T.C. No. 30
Federal Court
United States Tax Court


The Tax Court has issued the first guidance on some of the tax issues facing family limited partnerships (FLPs) in this gift tax case.

See Also

Kerr v. Commissioner (I)

At issue is the valuation of the FLP interests for federal gift tax purposes.