Summary
Business Valuation and Taxes: Procedure, Law and Perspective ...
Estate of Hendrickson v. Commissioner
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Court Rejects Inadequate DCF; Selection of Comparables Critical 30% Lack of Marketability Discount for Controlling Interest
The issue in this estate tax case was the fair market value of decedent's 1,499 shares of Peoples Trust and Savings Bank of Boonville, Ind., constituting 49.97% of the 3,000 shares outstanding.
Court Rejects Inadequate DCF; Selection of Comparables Critical
The issue in this estate tax case was the fair market value of decedent's 1,499 shares of Peoples Trust and Savings Bank of Boonville, Ind., constituting 49.97% of the 3,000 shares outstanding.
Appropriate Consideration of Comparable Companies Necessary When Using the Public Guideline Company Approach
The Tax Court considered the valuation of a single-location commercial bank that acted like a thrift.