Unincorporated Business Entities Law » Limited Partnerships http://uberlaw.net Agency, Partnerships, LLCs and Closely-Held Corporations Sat, 24 Dec 2011 23:32:49 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Effective FLP Line Drawing http://uberlaw.net/2009/09/effective-flp-line-drawing/ http://uberlaw.net/2009/09/effective-flp-line-drawing/#comments Mon, 28 Sep 2009 14:22:38 +0000 grosin http://uberlaw.net/?p=270 Family limited partnerships (FLPs) have become a staple of estate-tax planning.  Wendy C. Gerzog (Baltimore) has an article, Miller: Effective FLP Line Drawing, 124 Tax Notes 1273 (Sept. 21, 2009) (SSRN), that discusses a recent Tax Court opinion, Estate of Miller v. Commissioner, T.C. Memo. 2009-119.  Among other things, the opinion in Miller discusses when FLPs will be considered to have a non-tax purpose.

Gary Rosin

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