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More family limited partnerships in court

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • April 24 2012

Several recent cases have addressed tax issues related to family limited partnerships or limited liability companies

Gifts of interests in family limited partnerships did not qualify for gift tax annual exclusion

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • April 5 2010

Section 2503(b) of the Internal Revenue Code allows an individual to give an unlimited number of donees a certain amount as a gift each year without incurring liability for gift taxes and without using any of the donor's lifetime exemption

Taxpayers prevail in two more family limited partnership cases

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • April 5 2010

Tax litigation surrounding family limited partnerships is unending and we are delighted to report on two recent taxpayer victories