Mccord: Value of Gifts Must Be 'Tax Affected'
6 Pages Posted: 6 Dec 2006
In this second article on the Fifth Circuit's opinion in McCord (the first is at http://ssrn.com/abstract=939538), the author discusses the gift tax reduction attributable to the donees' assumption of the donors'/decedents' potential section 2035 liability.
Keywords: McCord, gift tax, estate tax, tax affecting, section 2035, net gift
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