Estate of Aaron Jones v. Commissioner

BVLaw
Full Text of Court Cases
August 19, 2019

Access the Full Article

This article and its downloads are available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (10,852 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
2421 Sawmills and Planing Mills, General
321113 Sawmills
estate and gift taxation
expert testimony, income approach, net asset value, tax affecting, discounted cash flow (DCF), fair market value (FMV), s corporation, pass-through entity
Estate of Aaron Jones v. Commissioner
T.C. Memo. 2019-101
US
Federal Court
Federal
United States Tax Court
Richard Reilly (petitioner/estate); Philip Schwab, John Ashbrook (respondent/IRS)
Pugh

Summary

In gift tax dispute, Tax Court adopts estate expert’s valuation of two related PTEs, including expert’s tax affecting; court distinguishes Gross and later cases; issue is not whether to tax affect but how; estate expert’s tax affecting was “more accurate than [IRS’] blunt zero-rate approach.”
Jones v Commissioner
PDF, Size: 173 KB

See Also

Keeping Gross Alive, Nimble Tax Court Accepts PTE Tax Affecting

Court Case Digests
August 19, 2019

In gift tax dispute, Tax Court adopts estate expert’s valuation of two related PTEs, including expert’s tax affecting; court distinguishes Gross and later cases; issue is not whether to tax affect but how; estate expert’s tax affecting was “more accurate than [IRS’] blunt zero-rate approach.”