Estate of Webster Kelley, TCM 2005-235
Oct 05, 2005OUTCOME: Taxpayer victory
Family Limited Partnership case that IRS challenged in Tax Court. Court awarded the highest discount ever for an all cash FLP, 32.2% discount.
Frisco, TX
Estate planning Lawyer at Frisco, TX
Practice Areas: Estate Planning, Probate ... +2 more
OUTCOME: Taxpayer victory
Family Limited Partnership case that IRS challenged in Tax Court. Court awarded the highest discount ever for an all cash FLP, 32.2% discount.