Estate of Lewis Bailey v. CIR

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Full Text of Court Cases
June 17, 2002
6512 Operators of Nonresidential Buildings
estate and gift taxation

Estate of Lewis Bailey v. CIR
T.C. Memo. 2002-152
US
Federal Court
United States Tax Court
Richard L. Schwartz <br> Ralph W. Biles <br> Dennis C. Smith <br>
Thornton

Summary

The Tax Court considered the valuation of two 25 percent interests in a corporation that owned and operated motels. The corporation was valued by both parties using an adjusted net asset value method. That valuation method was accepted by the Tax Court. T ...
Estate of Lewis Bailey v. CIR
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See Also

Marketability Discount Based on IPO and Restricted Stock Studies Rejected

The Tax Court considered the valuation of two 25% interests in a corporation that owned and operated motels.