4 Pages Posted: 21 Jul 2007
The Tax Court teaches the "do's and don'ts" of FLPs through its step-by-step explanation of section 2036 and its application of that statute to the facts of Erickson, a recent decision.
Keywords: family limited partnership, FLP, estate planning, estate tax, section 2036, Erickson, valuation, discount, bona fide sales
Suggested Citation: Suggested Citation
Gerzog, Wendy C., Erickson: A Primer on FLPS. Tax Notes, Vol. 116, No. 3, 2007. Available at SSRN: https://ssrn.com/abstract=1001901