Tax Court Overturns IRS Disallowal Of $1.4M Gift Exclusion
By Eric Kroh ( April 6, 2015, 5:48 PM EDT) -- The U.S. Tax Court on Monday said the Internal Revenue Service was wrong to deny a couple's $1.4 million in gift tax exclusions for their contributions of $3.3 million in assets to a family trust because the 60 beneficiaries were not barred from claiming their shares of the trust....
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