Estate of Kaufman v. Commissioner (I)

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April 6, 1999

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3523 Farm Machinery and Equipment
333922 Conveyor and Conveying Equipment Manufacturing
estate and gift taxation
fair market value (FMV), burden of proof
Estate of Kaufman v. Commissioner (I)
T.C. Memo 1999-119, 1999 Tax Ct. Memo LEXIS 134
US
Federal Court
United States Tax Court
Bret Tack, ASA (for estate)<br>William K. Fowler, AM (for IRS)
Laro

Summary

At issue is the valuation of the decedent's stock in a manufacturing company.

See Also

Taxpayer's Expert 'Unpersuasive'; Record Doesn't Meet Burden of Proof; IRS Wins by Default

Legal and Court Case Update
May 1999

Alice Friedlander Kaufman owned approximately 20% of the stock of Seminole Manufacturing Co. when she died.

ABA Panel Calls for Elimination of Ancillary Business Restrictions

Legal and Court Case Update
April 6, 1999

Alice Friedlander Kaufman (decedent) owned approximately 20% of the stock of Seminole Manufacturing Co. when she died.

Arm’s-Length Sales, Comparable Companies, and Elements of Control

Legal and Court Case Update
April 6, 1999

The Tax Court valued a minority interest in a holding company that held a controlling interest in a uniform manufacturing company.