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

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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
US
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)
Thorton

Summary

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

See Also

Shepherd v. Commissioner (I)

Full Text of Court Cases
October 26, 2000

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