Blau v. Commissioner (RERI II)

BVLaw
Full Text of Court Cases
May 24, 2019
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
D.C. Circuit
United States Court of Appeals for the District of Columbia Circuit
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.
Blau v. Commissioner
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See Also

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

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.