IRS is Time-Barred from Assessing Gift Tax

The AICPA Journal of Accountancy published an article summarizing a recent Tax Court decision written by Mani Gupta, CPA, Bhakti Shah, CPA, JD and David Silversmith, CPA, CFP, CFE – members of the PKF O’Connor Davies estate tax team. The Tax Court held that a taxpayer’s 2006 gift tax return and supporting documentation constituted adequate disclosure and began the statute of limitation, despite the gift’s being deemed complete in 2007.

Click here to read the full article.

Contact Us

If you have any questions, contact your PKF O’Connor Davies client service team or:

Mani Gupta, CPA
Director
mgupta@pkfod.com

Bhakti Shah, CPA, J.D.
Partner
bshah@pkfod.com

David R. Silversmith, CPA
Senior Manager
dsilversmith@pkfod.com