Estate of Mitchell v. Commissioner (I)

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October 9, 1997

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2844 Perfumes, Cosmetics, and Other Toilet Preparations
325620 Toilet Preparation Manufacturing
estate and gift taxation
estate tax
Estate of Mitchell v. Commissioner (I)
T.C. Memo. 1997-461, 1997 Tax Ct. Memo LEXIS 546
US
Federal Court
United States Tax Court
George B. Weiksner (for estate)<br>Kenneth W. McGraw (for estate)<br>Martin D. Hanan (for IRS)<br>E. James Brennan (for IRS)
Jacobs

Summary

The issue is the fair market value of 1,226 shares of Paul Mitchell Systems common stock, constituting 49.04% of the shares outstanding.

See Also

Court Applies Discounts for Key Person and Pending Litigation in Estate Valuation

Legal and Court Case Update
November 1997

The issue is the fair market value of 1,226 shares of Paul Mitchell Systems common stock, constituting 49.04% of the shares outstanding, as of April 26, 1989, the date of Paul Mitchell's death.