From David A. Handler of Kirkland & Ellis in Chicago we have this report on the latest development in the Tax Court's understanding of the Internal Revenue Code Section 2036(a): On March 15, the court issued a decision in Estate of Wayne C. Bongard v. Comm'r, 124 T.C. No. 8; No. 6141-03, finding that a decedent hadn't transferred property to his family partnership “in a bona fide sale for an adequate consideration,” and that he'd retained an “implied” beneficial enjoyment of
All access premium subscription
Please Log in if you are currently a Trusts & Estates subscriber.
If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.
Questions about your account or how to access content?
Contact: [email protected]