Estate of Webster E. Kelley v. CIR

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Full Text of Court Cases
October 11, 2005
2821 Plastics Material and Synthetic Resins, and Nonvulcanizable Elastomers
estate and gift taxation

Estate of Webster E. Kelley v. CIR
T.C. Memo. 2005-235
US
Federal Court
United States Tax Court
Kathryn F. Patterson, Larry W. Gibbs
Raymond F. Widmer, Ph.D. <br> Jeff Mills, ASA <br> Ron Lint, ASA <br>
Vasquez

Summary

The U.S. Tax Court determined the appropriate lack of marketability and minority interest discounts to apply to an interest in a family limited liability partnership holding cash and certificates of deposit. The minority discount was based on the arithme ...
Estate of Webster E. Kelley v. CIR
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