New 2036(a) Opinion Emphasizes Criteria for FLP Valuation Benefits

Business Valuation UpdateVol. 13 No. 7
Special Reports
July 2007
Owen G. Fiore, JD, CPA


After ten years of judicial decisions construing the valuation and estate planning benefits of family limited partnerships (FLPs), Section 2036 of the Internal Revenue Code (IRC) has become a formidable weapon for the IRS. If applicable to a particular e ...