Monday, July 22, 2013
Wendy C. Gerzog (Professor of Law, University of Baltimore School of Law) recently published an article entitled, Koons: Interest Deduction and FLP Valuation Practice Pointers, Tax Notes, Vol. 140, No. 4 (2013). Provided below is the abstract from SSRN:
The Tax Court's Koons decision explains the rules for allowing an estate to deduct interest payments, and it details how the court arrived at a determination of the value of a family limited liability company interest.