Stone v. U.S. (II)

BVLaw
Full Text of Court Cases
March 24, 2009
5999 Miscellaneous Retail Stores, NEC
453920 Art Dealers
federal taxation

Stone v. U.S. (II)
2009 WL 766497 (C.A. 9 (Cal.))
US
Federal Court
9th Circuit
Court of Appeals
Carsten Hoffman (taxpayer)
McKeown, Block, Ikuta

Summary

Ninth Circuit rejects estate’s appeal of 5% discount for a 50% undivided fractional interest in art collection, based on insufficient appraisal evidence to carry the taxpayer’s burden of proof to show that IRS assessment was wrong.
Stone v. U.S. (II)
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See Also

9th Circuit Follows Up on Value of Fractional Interest in Major Art Collection

9th Circuit rejects estate’s appeal of 5% discount for a 50% undivided fractional interest in art collection, based on insufficient appraisal evidence to carry the taxpayer’s burden of proof to show that IRS assessment was wrong.