Summary
At issue is the plaintiff's claim that the government refused to allow a 10% minority discount on the value of stock in the estate, and taxed the value of decendant's homestead.
See Also
10% Minority Discount Accepted
A magistrate for the U.S. District Court for the Western District of Texas recommended a minority discount in addition to a lack of marketability discount when valuing a 50% interest in a closely held corporation.
Wheeler v. United States
The executor of the estate brought this action to recover estate taxes paid on the decedent’s 50% interest in The Melton Co.