Article on the Tax Court’s Koon Decision

Wendy C. Gerzog (Professor of Law, University of BaltimoreSchool of Law) recently published an article entitled, Koons: InterestDeduction and FLP Valuation Practice Pointers, Tax Notes, Vol. 140, No. 4 (2013).  Provided below is the abstract from SSRN:

The Tax Court’s Koons decision explains the rules for allowing anestate to deduct interest payments, and it details how the court arrived at adetermination of the value of a family limited liability company interest.