McClatchy v. Commissioner

BVLaw
Full Text of Court Cases
June 26, 1998

Access the Full Article

This article is available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (4,723 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
2711 Newspapers: Publishing, or Publishing and Printing
511110 Newspaper Publishers
estate and gift taxation
McClatchy v. Commissioner
147 F.3d 1089, 1998 U.S. App. LEXIS 13576
US
Federal Court
9th Circuit
United States Court of Appeals
Nelson, Tashima, Thoma

Summary

At issue is the valuation of decendent's stock in a newspaper corporation for federal estate tax purposes.

See Also

Case Addresses Fine Points of 'Moment of Death' Issue; IRS Concedes 15% Discount of Blockage

Legal and Court Case Update
August 1998

The issue before the Court of Appeals was whether Charles K. McClatchy's stock holdings should be valued with the federal securities law restrictions that had been in place before his death or without the restrictions once they were transferred to his estate.

SEC Rule 144 Discount May Be Applied in Estate Tax Valuations

Legal and Court Case Update
June 26, 1998

The 9th Circuit reversed the Tax Court's decision denying the estate a discount for SEC Rule 144 restrictions.