Summary
The Second Circuit reversed and remanded the matter to the Tax Court after considered that a post-valuation date sale established the fair market value of the company. The company held a film library, whose title had been clouded. In order to insulate t ...
Eric F. Saltzman, et al. v. CIR
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See Also
A Subsequent Sale Must Be Arm's Length and Foreseeable on the Valuation Date
The 2nd Circuit reversed and remanded the matter to the Tax Court after considered that a post-valuation date sale established the fair market value of the company.
Saltzman v. Commissioner
The pertinent discount issue in this case was the size of the marketability discount to apply to the fair market value of the stock in a family trust at the time of recapitalization.