Throwing The Tax Court Under The Bus Again: Part Two Of The Analysis Of The Fifth Circuit’s Opinion In McCord

Journal of Passthrough Entities

Last month, this column examined the McCord’s analysis on the definitional gift issue, in which the 5th Circuit reversed the Tax Court and upheld the validity of a definitional gift for gift tax purposes. This month the column examines the discussion in the 5th Circuit’s opinion of the unusual net gift concept.

Read entire article here.