Court of Appeals Holds Commisioner to Published Revenue Rulings in Partnership and Annuity Transaction

Business Valuation UpdateVol. 4 No. 5
Legal and Court Case Update
May 1998
4832 Radio Broadcasting Stations
515111 Radio Networks
estate and gift taxation
partnership interest, revenue rulings (RR)

Estate of McLendon v. Commissioner
135 F.3d 1017, 1998 U.S. App. LEXIS 4105
March 9, 1998
US
Federal Court
5th Circuit
United States Court of Appeals
Jolly

Summary

Because the facts were not in dispute, the only question before the Court of Appeals was whether or not Gordon B. McLendon was sufficiently close to death on March 5, 1986, to require him to depart from the actuarial tables published by the Commissioner of Internal Revenue in valuing a remainder interest and related annuity.

See Also

Estate of McLendon v. Commissioner

Issue was whether McLendon was sufficiently close to death on March 5, 1986, to require him to depart from the actuarial tables in valuing a remainder interest and related annuity.