Summary
In this estate tax case, the issue was whether the IRS's position in applying discounts to fractional, non-controlling interests in timberland was justified.
Estate of Baird v. Commissioner
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See Also
Hypothetical Partition Discount Is Insufficient for Fractionalized, Noncontrolling Interests
In this estate tax case, the issue was whether the IRS' position in applying discounts to fractional, noncontrolling interests in timberland was justified for purposes of determining whether taxpayers were entitled to administrative and litigation costs.