Case # 5 Estate Tax

Results At A Glance


Case Type:
Estate Taxes
Client Type:
Heir to Dairy Farm
Location:
Brownsburg, IN
Outcome:
The assessment of Estate Taxes totaling $278,464.00 was reduced to zero when I provided evidence proving the buildings were not part of the estate but belonged to the client.

The client inherited farmland on which he lived and operated his business. His mother’s estate was assessed estate taxes which were paid by selling some of the farmland. The IRS then, assessed the estate for improvements on the farm made by the client. I successfully argued and provided evidence that the buildings were not estate assets and their value not taxable to the estate. 

The initial assessment of Estate Taxes totalling $248,464.00 was reduced to zero.

 

Have a tax question or need a consultation?

Call 317-639-4511 or email (fscott@harrisonmoberly.com) today.