Historically, CPAs have dissuaded estate planning clients from funding family limited partnerships with personal use property, such as a primary or secondary residence. In the past the IRS has ...

The Tax Court, consistent with past cases, applied a functional analysis of a limited partnership’s individual partners’ roles and responsibilities to find they could not apply Sec. 1402(a)(13)’s ...

The Pohlad family on Wednesday announced an update on the Minnesota Twins sale process. Twins Executive Chair Joe Pohlad has issued the following statement on behalf of the Pohlad family: “For more ...