Summary
The IRS denied discounts for potential income tax and lack of marketability in determining the value of the estate’s several IRAs. It noted that a section 691 (c) deduction is the appropriate remedy for the potential income tax consequences and makes a v ...
TAM 200247001
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See Also
Valuation Discounts Not Permitted in Light of Possible Section 691 (c) Deduction
The IRS denied discounts for potential income tax and lack of marketability in determining the value of the estate’s several IRAs.