Phyllis Taite has made available for download her article, “Crummey Delivers Another Knockout Punch to the IRS,” which was published in Tax Notes in November 2015.

The Abstract is as follows:

In this article, Taite discusses Mikel v. Commissioner, in which the Tax Court addressed whether the donors qualified for the annual exclusion for gifts made to a trust with an in terrorem provision and a mandatory arbitration clause.

Source: Crummey Delivers Another Knockout Punch to the IRS by Phyllis Taite (formerly Smith) :: SSRN

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.