Estate of Schwan v. Commissioner

Full Text of Court Cases
July 13, 2001
2038 Frozen Specialties, NEC
311412 Frozen Specialty Food Manufacturing
estate and gift taxation
estate tax, fair market value (FMV), voting stock, nonvoting stock

Estate of Schwan v. Commissioner
T.C. Memo 2001-174, 2001 Tax Ct. Memo LEXIS 207
Federal Court
United States Tax Court


At issue is the valuation of the decedent's stock in a closely-held corporation for purposes of computing the gross estate and the allowable charitable deduction under Federal tax laws.

See Also

Redemption Agreement Did Not Affect Value of Decedent's Estate

The petitioners in this case, decedent's estate and a charitable foundation (the Martin M. Schwan Foundation), challenged the IRS' determination that the estate had a tax deficiency based on a bequest to the foundation and that the foundation was liable as a transferee.