Business Valuation and Taxes: Procedure, Law and Perspective ...
Estate of Furman v. Commissioner
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Tax Court Applies 40% Combined Discount to Arrive at Fair Market Value
Before the Tax Court, for purposes of determining the taxable gifts of Royal G. Furman, and the taxable gifts and taxable estate of Maude G. Furman, is the determination of the fair market value of shares in Furman's Inc. (FIC), a closely held company.