Supreme Court Will Not Review GSTT, Partnership, Unreported Income Cases

In Estate of Tinken v. United States, the Supreme Court denied certiorari to the estate's challenge to its tax liability assessed by the IRS.  The District Court found the grandfathering exemption of the GSTT, under which the estate was challenging the tax liability, to be ambiguous and the IRS' assessment to be a reasonable interpretation of the statute.

See Estate of Tinken v. United States, 601 F.3d 431 (6th Cir. 2010).

Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.