Summary
The Tax Court clarified the definition of 'Fair Market Value' when it warned that the hypothetical sale should not be separated from the actual facts that would affect the value of the subject company's stock.
Estate of Cyril I. Magnin (Magnin I) v. CIR
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See Also
Tax Court Clarifies Fair Market Value as a Standard of Value
The Tax Court clarified the definition of "fair market value" when it warned that the hypothetical sale should not be separated from the actual facts that would affect the value of the subject company's stock.