Backlog of Willing Buyers Offsets Marketability Discount

Business Valuation Update BVLaw
Legal and Court Case Update
July 13, 1999

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6036 Savings institutions, Not Federally Chartered
522120 Savings Institutions
estate and gift taxation
restricted stock study, discount for lack of marketability (DLOM), fair market value (FMV)
Estate of Branson v. Commissioner of Internal Revenue
T.C. Memo 1999-231,1999 Tax Ct. Memo LEXIS 267
US
Federal Court
United States Tax Court
John R. Gasiorowski (for estate); Herbert T. Spiro (for IRS)
Parr

Summary

The primary issue in this estate tax matter is the fair market value of 12,889 shares of Savings Bank of Mendocino County (Savings) stock, and 500 shares of Bank of Willits (Willits) stock, owned by decedent on the date of his death.

See Also

Estate of Branson v. Commissioner of Internal Revenue

Full Text of Court Cases
July 13, 1999

At issue is the fair market value of decendent's stock acquisitions.