Gallagher v. Commissioner (I)

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Full Text of Court Cases
June 28, 2011
2711 Newspapers: Publishing, or Publishing and Printing
511110 Newspaper Publishers
federal taxation
tax affecting, s corporation

Gallagher v. Commissioner (I)
T.C. Memo 2011-148; 101 T.C.M. (CCH) 1702
US
Federal Court
United States Tax Court
Richard May (taxpayer) and John Thomson (IRS)
Halpern

Summary

Tax Court dismisses guideline company comparable method in this case for lack of true comparables, and rejects experts’ DCF for tax affecting and other adjustments without sufficient justification or support.
Estate of Gallagher v. Commissioner (I)
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See Also

Tax Court Rejects Tax Affecting, CSRP, Poor Comps, and More

Tax Court dismisses guideline company comparable method in this case for lack of true comparables and rejects experts’ DCF for tax affecting and other adjustments without sufficient justification or support.