In two recent estate tax cases—Estate of Powell and Estate of Cahill—the Tax Court sided with the IRS and included assets in a taxpayer’s estate that had been previously gifted to family members. These cases have significantly altered planning considerations for family limited partnerships (“FLPs”) and family limited liability companies (“FLLCs”). CEC Newsletter-Major Tax Court […]

In August, the U.S. Tax Court issued an extremely taxpayer favorable Section 1031 like-kind exchange decision.

While your middle-market business may be thriving, you must act to preserve and protect your accomplishments with an eye on the horizon.