Tax Law Update

Tax Court rules in favor of taxpayer in family limited partnership case, noting the marital deduction In Estate of Charlene B. Shurtz v. Commissioner, T.C. Memo 2010-21, the Tax Court held for the taxpayer that assets transferred to a family limited partnership (FLP) were not included in the decedent's gross estate under Internal Revenue Code Section 2036. Charlene Shurtz, along with her two siblings,

David A. Handler, Alison E. Lothes | Apr 01, 2010

Tax Court rules in favor of taxpayer in family limited partnership case, noting the marital deduction — In Estate of Charlene B. Shurtz v. Commissioner, T.C. Memo 2010-21, the Tax Court held for the taxpayer that assets transferred to a family limited partnership (FLP) were not included in the decedent's gross estate under Internal Revenue Code Section 2036.

Charlene Shurtz, along with her two siblings, inherited from her parents interests in a family business

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