Mercer set record straight re Estate of Welch case

Business Valuation UpdateVol. 4 No. 8
August 1998
fair market value (FMV), minority interest, valuation report, valuation date


Last month (p.3) we reported the U.S. Tax Court case of Welch v. Commissioner , in which the sole issue was a discount for built-in capital gains taxes on real estate owned by operating com ...