Posted on August 26, 2009 by Greg Herman-Giddens

U.S. Tax Court - Single Member LLCs Not Disregarded for Gift Tax Purposes

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.

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