Summary
Issue was the fair market value of the parties' 92% interest in Michael Machine. Includes discussion of Revenue Ruling 59-60.
See Also
Court Rejects Extra 5% Key Person Discount Because Spouse Was Not Working Closely With His Business Over Past Five Years
In this divorce action, the major point of contention between the parties was the value of the couple’s 92% interest in Michael Machine Co. Inc., a machine company that also had invested in bank stocks.