Wheeler v. United States

Full Text of Court Cases
December 4, 1995
6733 Trusts, Except Educational, Religious, and Charitable
525920 Trusts, Estates, and Agency Accounts
estate and gift taxation
bona fide sale

Wheeler v. United States
77 A.F.T.R.2d (RIA) 1405
Federal Court
United States District Court


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.