Couple Doesn't Owe $2M Gift Tax On Transfers, 5th Circ. Told

By Theresa Schliep · July 2, 2021, 2:54 PM EDT

The U.S. Tax Court wrongly held a Texas couple liable for more than $2 million in gift taxes after incorrectly concluding that they undervalued transfers of interests in a family company...

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Case Information

Case Title

Nelson v. CIR

Case Number

20-61068

Court

Appellate - 5th Circuit

Nature of Suit

Tax Court 

Date Filed

November 16, 2020