Close Call: Taxpayer Appeals FMV Standard and Discounts in Valuing FLP Restrictions

Business Valuation UpdateVol. 16 No. 6
Legal and Court Case Update
June 2010

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6733 Trusts, Except Educational, Religious, and Charitable
525920 Trusts, Estates, and Agency Accounts
federal taxation
Holman v. Commissioner (II)
2010 WL 1331270 (C. A. 8)
April 7, 2010
US
Federal Court
Federal Circuit
United States Court of Appeals
Francis Burns (IRS); Troy Ingham (taxpayers)
Melloy

Summary

8th Circuit upholds Tax Court’s decision regarding application of IRC Sec. 2703 to FLP transfer restrictions and their limitation of marketability discounts under the fair market value standard.

See Also

Holman v. Commissioner (II)

Full Text of Court Cases
April 7, 2010

Eighth Circuit upholds Tax Court’s decision regarding application of IRC Sec. 2703 to FLP transfer restrictions and their limitation of marketability discounts under the fair market value standard.