Rakow v. Commissioner

Full Text of Court Cases
May 27, 1999
1629 Heavy Construction, NEC
237110 Water and Sewer Line and Related Structures Construction
estate and gift taxation
control premium, fair market value (FMV), market approach

Rakow v. Commissioner
T.C. Memo 1999-177, 1999 Tax Ct. Memo LEXIS 214
Federal Court
United States Tax Court
George H. Reddin (for taxpayer)<br>Warren T. Jacobsen (for IRS)


At issue is the fair market value of stock given by petitioner to her children and grandchildren.

See Also

DCF Method Appropriate for Valuing General Contractor

In 1992, May Rakow gave 1,780 shares of Illinois Hydraulic Construction Co. (IHC) stock to her children and grandchildren.