Koons: Interest Deduction and FLP Valuation Practice Pointers

Abstract

The Tax Court's Koons decision explains the rules for allowing an estate to deduct interest payments, and it details how the court arrived at a determination of the value of a family limited liability company interest.

Keywords: FLP Valuation, Administrative Estate Tax Expense, Interest Deduction, Estate Tax, Family Limited Partnership, Koons

JEL Classification: K34, H20, H24, H29