Sunday, October 2, 2011

IRS Loses a Gift-Tax Battle - Wall Street Journal


IRS Loses a Gift-Tax Battle
Wall Street Journal
The IRS challenged that, and the two parties ultimately settled on a 36% discount. The crux of the case: Was gift tax due once the discount dropped to 36% from 51%? Because each LLC unit had a smaller discount than Ms. Petter first assumed, ...

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Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHoVwMwmi5oq6v2yma5jVLupRLN4A&url=http://online.wsj.com/article/SB10001424053111904491704576570980775431732.html

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