D.C. Circuit Upholds Remainder-Interest Valuation in Weird Charitable Contribution Case

BVLaw
Court Case Digests
May 24, 2019

Access the Full Article

This article is available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (2,787 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
6519 Lessors of Real Property, NEC
531190 Lessors of Other Real Estate Property
federal taxation
charitable contribution, discount rate, expert testimony, cash flow, discounted cash flow (DCF), fair market value (FMV), real estate, projections, real property, lease, gift, section 7520
531190
2019 U.S. App. LEXIS 15510
US
Federal Court
District of Columbia
United States Court of Appeals
James Myers (petitioner); Dr. Michael Cragg, Mel Abraham (respondent/IRS)
Ginsburg

Summary

In charitable contribution case involving remainder interest, D.C. Circuit upholds Tax Court’s value-related findings, including that petitioner did not provide qualified appraisal and did not meet substantiation requirements; valuation here is to be based on FMV, not actuarial tables.

See Also

Blau v. Commissioner (RERI II)

Full Text of Court Cases
May 24, 2019

In charitable contribution case involving remainder interest, D.C. Circuit upholds Tax Court’s value-related findings, including that petitioner did not provide qualified appraisal and did not meet substantiation requirements; valuation here is to be based on FMV, not actuarial tables.