Tax court and IRS rulings on family limited partnerships, trusts, and budget proposals (2003‑2004)

The passage is a collection of routine tax‑law updates, court decisions, and legislative proposals. It contains no specific allegations of wrongdoing, financial misconduct, or links to high‑profile in Tax Court classified certain FLP stock transfers as indirect gifts. IRS Rev. Rul. 2004‑64 addressed grantor‑trust rules and tax reimbursement clauses. President Bush’s 2005 budget targeted 529‑plan l