McFarland v. Commissioner

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September 19, 1996

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estate and gift taxation
partnership agreement
McFarland v. Commissioner
T.C. Memo 1996-424, 1996 Tax Ct. Memo LEXIS 444
US
Federal Court
United States Tax Court
Laro

Summary

At issue is whether the court must use a going concern methodology to value a 20-percent partnership interest held by the plaintiff at the time of her death.

See Also

Judge Laro Rejects Motion to Value Partnership Only on Going Concern Premise

Legal and Court Case Update
November 1996

In this case, the personal representative of the deceased asked the court for partial summary judgment by asserting "the Court must use a going concern methodology to value a 20% partnership interest."