5th Circ. Affirms Couple's $2M Gift Tax Bill On Transfers

By Theresa Schliep · November 3, 2021, 6:37 PM EDT

A Texas couple collectively owe around $2 million in gift taxes for transfers of interests in a family company to a family trust, the Fifth Circuit said Wednesday, affirming a U.S....

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Documents

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