Lucero v. United States

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October 27, 2020

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7372 Prepackaged Software
511210 Software Publishers
federal taxation
discount for lack of control (DLOC), expert testimony, fair value, discount for lack of marketability (DLOM), merger, minority discount, income tax, market value, irs revenue ruling 59-60
Lucero v. United States
2020 U.S. Dist. LEXIS 199605; 2020 WL 6281591
US
Federal Court
New Mexico
United States District Court
Robert Brackett (taxpayer, plaintiff); Montgomery Careswell (government witness)
Herrera

Summary

In tax case, court approves refund, finding value of unlisted stock in distressed closely held company that taxpayer received as part of a settlement was less than stated in settlement agreement; taxpayer’s expert showed market value approach was only suitable method to calculate fair market value.
Lucero v. United States
PDF, Size: 120 KB

See Also

Court Adopts Taxpayer Expert’s Method to Value Unlisted Stock of ‘Severely Distressed’ Company

Court Case Digests
October 27, 2020

In tax case, court approves refund, finding value of unlisted stock in distressed closely held company that taxpayer received as part of a settlement was less than stated in settlement agreement; taxpayer’s expert showed market value approach was only suitable method to calculate fair market value.