Summary
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
PDF, Size: 149 KB
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.