Tag Archives: Defined Value Gifts; Gifts; Gift Tax

Tax Court Deals IRS Another Blow in a Defined Value Gift Case

Facts: In Hendrix, yet another John Porter and Baker Botts success, John and Karolyn Hendrix transferred, partially by net gift and partially by sale, nonvoting common shares of John H. Hendrix Corporation, a closely-held Texas corporation. The shares were transferred … Continue reading

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