After McCord: The Future Of FLP Valuations and Discount Determinations

Business Valuation UpdateVol. 12 No. 11
November 2006
William H. Frazier, ASA


After three years on appeal, the Fifth Circuit’s recent reversal of McCord v. Commissioner (see last month’s BVU) freed the author—the taxpayers’ original valuation expert—to comment on the Tax Court case, its impact on valuations, and more.