Issues are the fair market value of decedent's 168,600 shares of Jung Corp. stock and whether petitioner is liable for an addition to tax under section 6660.
Post-Valuation-Date Sale Used to Support Discounted Cash Flow Method
The Tax Court valued a medical textiles manufacturing company using the discounted cash flow method.
Estate of Jung v. Commissioner
The marketability issues of this case were in connection with the determination of the fair market value of the decedent’s 20.83% holdings of voting common stock of a closely held corporation that was family owned.