Nelson v. CIR

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Case overview

Case Number:

20-61068

Court:

Appellate - 5th Circuit

Nature of Suit:

Tax Court 

  1. November 03, 2021

    5th Circ. Affirms Couple's $2M Gift Tax Bill On Transfers

    A Texas couple collectively owe around $2 million in gift taxes for transfers of interests in a family company to a family trust, the Fifth Circuit said Wednesday, affirming a U.S. Tax Court decision finding they undervalued those interests.

  2. July 02, 2021

    Couple Doesn't Owe $2M Gift Tax On Transfers, 5th Circ. Told

    The U.S. Tax Court wrongly held a Texas couple liable for more than $2 million in gift taxes after incorrectly concluding that they undervalued transfers of interests in a family company to a family trust, they told the Fifth Circuit.

  3. June 04, 2021

    Couple Owe $2M In Gift Tax On Transfers, 5th Circ. Told

    The U.S. Tax Court properly found that a Texas couple owed $2 million in gift taxes because they undervalued transfers of interests in a family company to a family trust, the U.S. told the Fifth Circuit on Friday.