A March 16 Bloomberg BNA article titled “IRS Challenge to Installment Sales With Grantor Trusts Fuels Concerns Over Strategy” discusses developments in recent high-profile U.S. Tax Court cases regarding valuation of stock and an estate-planning technique commonly used to avoid front-end gift taxes. In quoted material, McGuireWoods partner Bill Sanderson describes a progression in IRS treatment of sales transactions – from challenging cases where the results appeared too good to be true, to challenging relatively conservative transactions. Subscribers can read the full text of the story at www.bna.com.
