Estate of Fortunato v. Comm'r

Tax Court holds decedent's participation in family business doesn't amount to ownership In Estate of Fortunato v. Comm'r, T.C. Memo 2010-105 (May 12, 2010), the Tax Court held that Robert Fortunato, who had previously been convicted of robbery and maintained a low profile for the rest of his life to evade creditors' claims, didn't have an ownership interest in the family business that he had developed

Tax Court holds decedent's participation in family business doesn't amount to ownership

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