Missouri Bar: Taxes in Your Practice - U.S. Tax Court Holds Children Liable for Gift Tax on Termination of Family Trust
October 22, 2026
October 22, 2026
JEFFERSON CITY, Missouri, Oct. 22 -- The Missouri Bar issued the following news:
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October 21, 2026
Taxes in your practice: US Tax Court holds children liable for gift tax on termination of family trust
Vol. 82, No. 5 / September-October 2026
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The U.S. Tax Court recently held residuary beneficiaries of a trust liable for gift taxes upon termination of the trust and established the values of those gifts.
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October 21, 2026
Taxes in your practice: US Tax Court holds children liable for gift tax on termination of family trust
Vol. 82, No. 5 / September-October 2026
-
The U.S. Tax Court recently held residuary beneficiaries of a trust liable for gift taxes upon termination of the trust and established the values of those gifts.