Estate of Jorgensen v. Commissioner: IRS wins another Family Limited Partnership Case due to the Taxpayer Doing Everything Wrong

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On March 26, 2009 the US Tax Court issued its ruling in Jorgensen vs. Commissioner, ruling that the entire value of assets transferred to an FLP are included in the decedent's estate under 2036(a).

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Published In: Tax Updates, Wills, Trusts, & Estate Planning Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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