Tax Court Introduces Formula to Value Donated Remainder Interest

BVLaw
Court Case Digests
July 3, 2017
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

RERI Holdings I, LLC v. Commissioner (RERI I)
2017 U.S. Tax Ct. LEXIS 33
US
Federal Court
Federal
United States Tax Court
James Myers (petitioner); Dr. Michael Cragg, Mel Abraham (respondent/IRS)
Halpern

Summary

Tax Court rules for IRS in disallowing deduction for charitable contribution involving remainder interest in leased property; requisite appraisal summary omits vital information, and court’s valuation formula shows donor made gross valuation misstatement.

See Also

RERI Holdings I, LLC v. Commissioner (RERI I)

Tax Court rules for IRS in disallowing deduction for charitable contribution involving remainder interest in leased property; requisite appraisal summary omits vital information, and court’s valuation formula shows donor made gross valuation misstatement.

Tax Court Introduces Formula to Value Donated Remainder Interest

Tax Court rules for IRS in disallowing deduction for charitable contribution involving remainder interest in leased property; requisite appraisal summary omits vital information, and court’s valuation formula shows donor made gross valuation misstatement.