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: North Carolina Estate Planning BlogU.S. Tax Court - Single Member LLCs Not Disregarded for Gift Tax Purposes
By Gregory Herman-Giddens
Unlike in the income tax and asset protection arena, single member limited liability companies (LLCs) are not disregarded for gift tax purposes. Pierre v. Commissioner, 133 T.C. No. 2 (Aug. 24, 2009). See Paul Caron's recent TaxProf Blog entry for a brief summary.
Full post as published by North Carolina Estate Planning Blog on August 26, 2009 (boomark / email).
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