Estate of Saunders v. Commissioner

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Full Text of Court Cases
April 28, 2011
federal taxation

Estate of Saunders v. Commissioner
136 T.C. No. 18
US
Federal Court
Federal
United States Tax Court
Philip Schwab (taxpayer) and James McCann (IRS)
Cohen

Summary

Tax Court holds that different standards apply to including an asset value in an estate and deducting the value of a liability; and further, that multiple, divergent expert assessment of contingency claims establish that their value could not be readily a ...
Estate of Saunders v. Commissioner
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See Also

Subsequent Events Not an Issue When Experts Too Far Apart on Contingency Claims

Tax Court holds that different standards apply to including an asset value in an estate and deducting the value of a liability.