Murphy v. U.S.

BVLaw
Full Text of Court Cases
October 2, 2009
6733 Trusts, Except Educational, Religious, and Charitable
523920 Portfolio Management
estate and gift taxation

Murphy v. U.S.
2009 WL 3366099 (W.D. Ark.)
US
Federal Court
Arkansas
United States District Court
Donald Barker (estate); Francis Burns (IRS)
Barnes

Summary

Taxpayer wins major, multi-million dollar victory for appraisal of FLP assets in estate tax case, including court’s adoption of substantial discounts for lack of control and lack of marketability.
Murphy v. U.S.
PDF, Size: 208 KB

See Also

Major Victory for Taxpayer and Appraiser in Classic FLP Case

Taxpayer wins major, multimillion-dollar victory for appraisal of FLP assets in estate tax case, including court’s adoption of substantial discounts for lack of control and lack of marketability.