Laura Cunningham, professor at Cardoza School of Law, published an article titled "The FLP, the Transfer Taxes, and the Income Tax."
In the article, Cunningham examines the current state of law in the Tax Court on family limited partnerships ("FLP"), explains why FLP's are not merely a "death tax" problem, and argues that Congress should eliminate the potential for abusive FLPs by fixing the valuation discounts for interests in the partnerships.
Posted by Marc Patterson, General Associate Editor, Wealth Strategies Journal.
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