August 2009.pdf

For-Website-Newsletter-Volume-2-Issue-2-August-2009.pdf
Preview of August 2009
🔗 Source: mackbusinessappraisals.com
📊 Size: 208 KB
👤 Author: Assistant
⬇️ Downloads: 127

Summary

The Estate of Valeria M. Miller vs. Commissioner of Internal Revenue case involved the valuation of a limited partnership, the V/V Miller Family Limited Partnership (MFLP), for estate tax purposes. The court determined that the full fair market value of the QTIP trust must be included in the gross estate. The court also found that Mrs. Miller's transfers to MFLP in April 2002 were entitled to a discount, but the transfers made in May 2003 were not, as they lacked legitimate and substantial non-tax business reasons. The estate was increased by the amounts used to fund the QTIP trust, and the claimed discount for the April 2002 transfers was allowed, but not for the May 2003 transfers.

Description

The Estate of Valeria M. Miller vs.

Technical Information

  • File Format: PDF
  • File Size: 208 KB
  • Pages: 4
  • Language: EN
  • Author: Assistant
  • Total Downloads: 127
  • Last Updated: 2 weeks ago

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