Private Letter Rulings No Self-Dealing in Contribution of LLC Units to Family Foundation
Author: Staff Editors.
Source: Volume 09, Number 04, May/June 2010 , pp.12-12(1)
< previous article |next article > |return to table of contents
Abstract:
In PLR 201012050, IRS held that a complicated transaction involving a gift of limited liability company (LLC) units to a family foundation would not give rise to an act of self-dealing, although the transfer would be treated as a bargain sale.Keywords:
Affiliations:
.