Actual Sale Is the Best Evidence of FMV

Business Valuation Update BVLaw
Legal and Court Case Update
January 28, 2002

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8071 Medical Laboratories
federal taxation
South Tulsa Laboratory, Inc. v. CIR
118 T.C. No. 5 (2002)
US
Federal Court
United States Tax Court
Marvel

Summary

The Tax Court determined that the clinical business South Tulsa spinoff was not eligible for nontax treatment under IRC sec. 355 because, on the same day the spinoff occurred, the new business was sold.

See Also

South Tulsa Laboratory, Inc. v. CIR

Full Text of Court Cases
January 28, 2002

The Tax Court determined that the clinical business South Tulsa spun-off was not eligible for nontax treatment under IRC sec. 355 because on the same day the spin off occurred the new business was sold. The Tax Court found that the spin off violated a qua ...