That’s what CICBV/ASA conference presenter Barry Sziklay, CPA, ABV (Cipolla Sziklay, LLC) called the recent case of Huber v. Commissioner (Tax Court, May 9, 2006). “It’s a great case for the appraisal profession,” he added, providing a “classic roadmap on how to do annual valuations the right way”—including the defense of a 50% discount for lack of marketability for shares of a large, closely-held, family corporation. A case abstract appeared in the July 2006 Business Valuation Update™; for your free copy, click here.
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