§2701. Special valuation rules in case of transfers of certain interests in corporations or partnerships — Inbound Citations
26 U.S.C. § 2701
Cited by 6 provisions in release 119-102.
Citations to §2701(b)(2)
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(1) The term “control” has the meaning given such term by section 2701(b)(2).
Citations to §2701(d)
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(B) an increase in taxable gifts required under section 2701(d),
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(2) an increase in taxable gifts required under section 2701(d),
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(9) If any gift of property the value of which (or any increase in taxable gifts required under section 2701(d) which) is required to be shown on a return of tax imposed by chapter 12 (without regard to section 2503(b)), and is not shown on such return, any tax imposed by chapter 12 on such gift may be assessed, or a proceeding in court for the collection of such tax may be begun without assessment, at any time. The preceding sentence shall not apply to any item which is disclosed in such return, or in a statement attached to the return, in a manner adequate to apprise the Secretary of the nature of such item.
Citations to §2701(e)(2)
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(1) Solely for purposes of determining whether a transfer of an interest in trust to (or for the benefit of) a member of the transferor’s family is a gift (and the value of such transfer), the value of any interest in such trust retained by the transferor or any applicable family member (as defined in section 2701(e)(2)) shall be determined as provided in paragraph (2).
Citations to §2701(e)(3)
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(3) The rule of section 2701(e)(3) shall apply for purposes of determining the interests held by any individual.