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NOTES 873 Tax Lawyer, Vol. 54, No. 4 NOTE ECONOMIC SUBSTANCE DOCTRINE APPLIED TO DETERMINE THE VALIDITY OF A FAMILY LIMITED PARTNERSHIP FOR FEDERAL TRANSFER TAX PURPOSES: KNIGHT V. COMMISSIONER In Knight v. Commissioner,1 the Tax Court affirmed the taxpayers’ use of a family limited partnership for federal transfer tax purposes. The case involved an estate plan whereby the taxpayers created a family limited partnership, conveeye personal assets to it, and then transferred, as gifts, interests in...