What’s the Effect of Check-the-Box Regulations for Gift Tax Purposes?
(Professor of Law, University of Baltimore School of Law) has posted on SSRN her article entitled Check-the-Box Regs and Gift Tax Discounts, Tax Notes, Vol. 126, No. 7, 2010.
An abstract of the article is below:
This article discusses the recent Tax Court decision in Pierre and the effect for gift tax purposes of an entity’s classification made under the check-the-box regulations. The court was split on what those regulations mean when they state that an entity is to be disregarded ‘‘for federal tax purposes.”