Family Limited Partnerships (FLPs) AICPA and IRS Resources 

IRS Resources

IRS Audit Technique Guide on Family Partnership (Jan. 2013)

IRS Appeals Settlement Guidelines for Family Limited Partnerships and Family Limited Liability Corporations (Oct. 2006)  This Oct. 2006 version is no longer available on the IRS website, which was previously available at http://www.irs.gov/pub/irs-utl/asg_penalties_family_limited_pships_finalredacted10_20_06.pdf and is not currently listed on the IRS Appeals Settlement Guidelines webpage) 

IRS Statistics of Income (SOI) - New Data on Family Limited Partnerships Reported on Estate Tax Returns (2004 estate tax returns) (more recent than Spring 2008)

IRS SOI - Federal Estate Tax Returns filed for 2004 Decedents (Spring 2008)

AICPA Resources

AICPA Section 2036 Checklist on Yearly Administration Issues to Consider (2008, still current)

AICPA Guide/White Paper on Using FLPs and Refuting IRS Challenges

Article on Recent Developments in Estate Planning (Part II) (Oct. 2012)

Article on Formula Marital Deduction Clause Not a Guaranteed Tax Shelter (Oct. 2012)

Article on Recent Developments in Estate Planning (Part I) (Sept. 2012)

Article on Family Investment Partnerships:  All the Perks (March 2012)

Article on Significant Recent Developments in Estate Planning (Part II) (Oct. 2010)

Article on Significant Recent Developments in Estate Planning (Part I) (Sept. 2010)

Article on The Valuation of FLPs: What Does the Tax Practitioner Need to Know? (Jan. 2010)

Article on IRS Continues to Challenge FLPs (Dec. 2009)

Article on Significant Recent Developments in Estate Planning (Sept. 2009)

Article on Valuation Discounts for Estate and Gift Taxes (July 2009)

Article on Current Developments in Partners and Partnerships (Feb. 2009)

Article on Transfers of Partnership Interests are Not Indirect Gifts of Stock Held by the Partnership (Aug. 2008)

Article on Ninth Circuit Affirms Transferred Residential Property Must be Included in Gross Estate (Jan. 2008)

Article on Significant Recent Developments in Estate Planning (Sept. 2008)

Article on Significant Recent Developments in Estate Planning (Sept. 2007)

Article on Allocating Partnership Depreciation Between Trusts and Beneficiaries (July 2007)

Article on Seven Suggestions on IRS Estate and Gift Tax Audits (2007)