Court Accepts Taxpayer's Expert Value Despite Taxpayer Protests

Business Valuation UpdateVol. 6 No. 4
Legal and Court Case Update
April 2000
2231 Broadwoven Fabric Mills, Wool (Including Dyeing and Finishing)
313210 Broadwoven Fabric Mills
estate and gift taxation
income approach, net asset value, estate tax, fair market value (FMV), market approach, black scholes option pricing model

Estate of DiSanto v. Commissioner
T.C. Memo 1999-421, 1999 Tax Ct. Memo LEXIS 476
December 27, 1999
US
Federal Court
United States Tax Court
William Harper Frazier (for petitioner) <br> Herbert T. Spiro (for respondent)
Colvin

Summary

The issues in this estate tax matter were as follows: the fair market value of Frank DiSanto's (Frank) 186,177 shares (53.5%) of stock in Morganton Dyeing & Finishing Corp. (MD&F) on his date of death; and the fair market value of the MD&F stock Grace DiSanto (Grace) was entitled to inherit from Frank's estate (a minority interest) on his date of death.

See Also

Estate of DiSanto v. Commissioner

At issue is the fair market value of a block of 186,177 shares of MD&F stock owned by the decendent.