Tax Court Tosses Banker's $8.7M IRS Bill For $6M Gift To Mom

By Anna Scott Farrell ( May 22, 2023, 6:07 PM EDT) -- A Swiss-born banker who challenged an $8.7 million tax bill stemming from a $6 million gift he made to his mother before he became a U.S. citizen properly disclosed the gift on an amended return, the U.S. Tax Court determined Monday....

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