The year 2009 was less than two weeks old when Congressman Earl Pomeroy (D-N.D.) introduced a bill1 with the express purpose of legislatively prohibiting discounts for transfers of interests in family-owned holding companies when the underlying assets are passive investments. The Pomeroy bill foreshadowed where the action would be in the courtroom in 2009, as critical cases focused on family limited partnerships (FLPs) and limited liability companies (LLCs). The Internal Revenue Service ...

All Access Premium Subscription

Your subscription will include 12 months of Trusts & Estates magazine, access to premium content on, and Trusts & Estates plus iPad app.

Already registered? here.