Polack v. Commissioner (II)

Full Text of Court Cases
May 3, 2004
2759 Commercial Printing, NEC
323111 Commercial Printing (except Screen and Books)
estate and gift taxation
gift tax

Polack v. Commissioner (II)
2004 U.S. App. LEXIS 8612
Federal Court
8th Circuit
United States Court of Appeals
Gerald Gray (for taxpayer) <br> Brad Cashion (for IRS)


Earnings for the relevant valuation date determined after the valuation deemed irrelevant because a "prospective buyer could not have known" at that time...
Polack v. Commissioner (II)
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See Also

Uncorroborated Debt Not Offset Against Nonoperating Asset

The issue in this case was the value of Zip Sort Inc. shares gifted by taxpayer to his children.