Dockery v. Commissioner

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Full Text of Court Cases
March 19, 1998

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6331 Fire, Marine, and Casualty Insurance
524130 Reinsurance Carriers
estate and gift taxation
fair market value (FMV), gift tax
Dockery v. Commissioner
T.C. Memo 1998-114, 1998 Tax Ct. Memo LEXIS 114
US
Federal Court
United States Tax Court
Thomas L. Gallagher (for taxpayer)<br>Raymond T. Wise (for IRS)
Colvin

Summary

Issue is the value of petitioner's closely held stock in Crossroads Company, a reinsurance company domiciled in the Cayman Islands, that he gifted to his children.

See Also

Court Accepts Discounted Dividend Method, 40% Discount for Lack of Marketability

Legal and Court Case Update
June 1998

At issue is the value of petitioner's closely held stock in Crossroads Co., a reinsurance company domiciled in the Cayman Islands, that he gifted to his children on Jan. 1, 1992, and and Jan. 1, 1993.