Wendy C. Gerzog
(Baltimore), Wimmer Wins FLP Annual Exclusions, 138 Tax Notes 489 (Jan. 28, 2013):
In Wimmer [T.C. Memo. 2012-157], the Tax Court held that the income stream from a taxpayer’s gifts of family limited partnership interests was eligible for the annual exclusion. By comparing the income interest in the partnership’s dividend paying marketable securities to the income interest in a trust, the court made Wimmer a winner. But does the opinion logically lead to that conclusion?
All Tax Analysts content is available through the LexisNexis® services.
