Louise B. Barnes, donor, et al. v. CIR

BVLaw
Full Text of Court Cases
November 17, 1998
4813 Telephone Communications, Except Radiotelephone
517311 Wired Telecommunications Carriers
estate and gift taxation

Louise B. Barnes, donor, et al. v. CIR
T.C. Memo. 1998-413
US
Federal Court
United States Tax Court
Colvin

Summary

The Tax Court valued gifts of less than a one percent interest in two closely held regional telephone companies. It accepted the taxpayer's valuation using the market comparison of actual dividends paid. It rejected the inclusion of a small stock premium ...
Louise B. Barnes, donor, et al. v. CIR
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See Also

Small Stock Risk Premium and Lack of Marketability Discount Considered

The Tax Court valued gifts of less than a 1% interest in two closely held regional telephone companies.