Gallagher v. Commissioner (II)

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October 11, 2011

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2711 Newspapers: Publishing, or Publishing and Printing
511110 Newspaper Publishers
federal taxation
Gallagher v. Commissioner (II)
T.C. Memo 2011-244; 102 T.C.M. (CCH) 388
US
Federal Court
Federal
United States Tax Court
Richard May (taxpayer) and John Thomson (IRS)
Halpern

Summary

Tax Court corrects a previous error in the present value factor used to value an 80% interest in a privately held limited partnership, resulting in a $3.2 million increase in overall value.
Estate of Gallagher v. Commissioner (II)
PDF, Size: 7 KB

See Also

Tax Court Corrects Present Value Factor in Gallagher

Legal and Court Case Update
December 2011

Tax Court corrects a previous error in the present value factor used to value an 80% interest in a privately held limited partnership, resulting in a $3.2 million increase in overall value.