How Do New Strategies Move From Fringe To Mainstream? Where are the IRS 453 TRUST & CASH AT CLOS
Are you old enough to remember when the idea of claiming a valuation discount for gifts or sales of limited partnership interests was new and controversial? If you are younger (like 40-something) it may be hard to imagine but back in the day, gifts of limited partnership interests discounted in value based on lack of control, limited marketability, etc. was considered to be an aggressive and risky strategy. Then, raising the bar even further, in 1995 Michael Mulligan wrote an