Recent decisions frustrate Service's efforts to challenge FLPs

Article Abstract:

The author discusses judicial decisions that appear to hinder IRS efforts to attack the use of limited partnerships and limited liability companies for making lifetime gifts.

Limited partnership, Limited partnerships

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Estate planning under 2001 Tax Act presents new challenges

Article Abstract:

An overview of the prospects for estate planning following the enactment of the Economic Growth and Tax Relief Reconciliation Act of 2001 is presented. Topics include rate reductions and exemption increases in federal estate and gift taxes, deduction phase-outs, and the law's sunset provisions.

Tax reform, Estate tax, Estate taxes

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Avoiding the investment company trap when forming FLPs and LLCs

Article Abstract:

This article concerns taxation issues regarding family limited partnerships and limited liability companies, and planning methods which are aimed at avoiding investment company tax treatment.

Tax Management, Estate Planning, Tax accounting, Tax planning, Investment companies, Limited liability companies, Partnership, Partnerships

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