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| Author: | Knight, L. Knight, R. |
| Title: | Certain leaseback transactions invite IRS scrutiny |
| Journal: | Journal of Accountancy
1995 : MAY, VOL. 179:5, p. 51-58 |
| Index terms: | REVENUE SERVICE PROPERTY |
| Language: | eng |
| Abstract: | Giving or selling income-productivity property to children provides opportunities for family tax savings, but only if the transactions can withstand Internal Revenue Service scrutiny. Like family loans and loan guarantees, the IRS almost always will challenge the substance of such transactions. This article examines gift-leaseback and sale-leaseback transactions among family members and offers suggestions to avoid IRS attacks. |
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