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  • Case Law - QuickRead Featured

    Gross v. Commissioner Examines Step Transactions in Funding an FLP

    June 27, 2012

    At issue in Gross v. Commissioner is whether the petitioner made an indirect gift of public company stock to her daughters, thus negating any discounts for lack of control or marketability.  Judge Halpern at the Tax Court ruled that the step transaction was not applicable and that a 35% discount was justified.  Find out why.

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