Step transaction doctrine thwarts attempt to exclude gift taxes.
Journal of Accountancy › Vol. 196 Nbr. 4, October 2003
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Step transaction doctrine thwarts attempt to exclude gift taxes.
IRC section 2035(c) presumes gifts an individual makes within three years of death are tax-avoidance transactions and eliminates the advantage of such "deathbed transfers" by increasing the gross estate to include gift taxes a decedent paid in the three years immediately before death. In a re...
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