Court Rejects Adjusting Cap Rate Earnings to Apply to S Corporation

Business Valuation UpdateVol. 8 No. 5
Legal and Court Case Update
May 2002

Access the Full Article

This article is available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (1,433 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
6411 Insurance Agents, Brokers, and Service
524210 Insurance Agencies and Brokerages
estate and gift taxation
Adams v. Commissioner
T.C. Memo 2002-80, 2002 Tax Ct. Memo LEXIS 84
March 28, 2002
US
Federal Court
United States Tax Court
James E. Gray (for defense)<br>Steven Webster (for defense)
Colvin

Summary

The issue in this estate tax matter is the fair market value of decedent William G. Adams Jr.'s 178 shares of voting common stock (a 61.59% interest) of Waddell Sluder Adams & Co., Inc. (WSA), an insurance agency that operated as an S corporation.

See Also

Adams v. Commissioner

Full Text of Court Cases
March 28, 2002

Business Valuation and Taxes: Procedure, Law and Perspective ...