All Tax Court Judges Have Something to Say in FLP Gift Case

Business Valuation UpdateVol. 6 No. 12
Legal and Court Case Update
December 2000
estate and gift taxation
gift tax

Shepherd v. Commissioner (I)
115 T.C. No. 30, 2000 U.S. Tax Ct. LEXIS 77
October 26, 2000
Federal Court
United States Tax Court
Mr. Norman W. Lipscomb , Mr. Gene Dilmore, Mr. Harry L. Haney, Jr. (for petitioner) Richard A. Maloy (for respondent)


The taxpayer owned 50% of a newly formed family partnership, and his two sons each owned 25%.

See Also

Shepherd v. Commissioner (I)

At issue is the fair market value of petitioner's transferred real estate interests.