Tax Law Update: July/August 2026
• U.S. Court of Appeals for the Fifth Circuit rules that assets transferred to a family limited partnership (FLP) are included in the decedent’s estate—In Estate of Anne Milner Fields v. Commissioner, 2026 WL 1642415 (June 8, 2026), the Fifth Circuit affirmed the Tax Court’s holding that assets transferred to an FLP weeks before Anne…