5th Circuit Reverses McCord, Confirming Original Valuation of Marketability Discounts

Business Valuation UpdateVol. 12 No. 10
Legal and Court Case Update
October 2006

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estate and gift taxation
McCord v. Commissioner (II)
2006 U.S. App. LEXIS 21473
August 22, 2006
US
Federal Court
5th Circuit
United States Court of Appeals
Will Frazier (taxpayer); Mukesh Bajaj (IRS)
Wiener

Summary

5th circuit overturns McCord v. Comm’r (Tax Court, 2003) and confirms calculation of marketability discounts in complex gift tax case.

See Also

McCord v. Commissioner (II)

Full Text of Court Cases
August 22, 2006

Fifth circuit overturns McCord v. Comm’r (Tax Court, 2003), and confirms calculation of marketability discounts in complex gift tax case.