Editor believes Tax Court erred in McCord case illiquidity discount

Business Valuation UpdateVol. 9 No. 7
July 2003
Shannon P. Pratt, CFA, ARM, ABAR, FASA, MCBA, CM&AA

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discount for lack of marketability (DLOM)

Summary

In the case of McCord v. Commissioner, I believe that the Tax Court erred in both its methodology and its final conclusion regarding the discount for lack of marketability.