Estate of Trompeter v. Commissioner (III)

Full Text of Court Cases
February 4, 2004
6162 Mortgage Bankers and Loan Correspondents
estate and gift taxation

Estate of Trompeter v. Commissioner (III)
T.C. Memo. 2004-27
Federal Court
United States Tax Court
Avram Salkin, Irene Scott Carroll, Robert A. Levinson


The Tax Court, on remand from the Ninth Circuit, reconsidered and explained its present value methodology and discount rate applied when determining the fair market value of preferred stock. It adjusted the discount rate from 4%, accounting solely for the ...
Estate of Emanuel Trompeter (Trompeter III) v. CIR
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See Also

Tax Court Increases Discount Rate on Remand

The original Tax Court opinion in this case was abstracted in the March 1998 issue of the Business Valuation Update, where a full recitation of the facts can be found.