When is it Safe to Perform A Calculation of Value?
Stacy Preston Collins, CPA/ABV, CFF
Ronald L. Seigneur, MBA, CPA/ABV, ASA, CVA, CGMA
Gary Trugman, CPA/ABV, MCBA, ASA, MVS
“In order to calculate the fair market value of limited partnership interests [the] petitioner transferred as gifts,” the Tax Court begins, in a nice preface to the issues presented in Astleford v. Commissioner (T.C. Memo 2008-128, May 5, 2008):
It happe ...