Court Rejects Discounted Cash Flow Model in Highly Leveraged Company

Business Valuation UpdateVol. 3 No. 6
Legal and Court Case Update
June 1997

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5734 Computer and Computer Software Stores
443142 Electronics Stores
federal taxation
discounted cash flow (DCF), income tax
Morton v. Commissioner
T.C. Memo 1997-166, 1997 Tax Ct. Memo LEXIS 184
April 1, 1997
US
Federal Court
United States Tax Court
Robert Conklin (for taxpayers)<br>David N. Fuller (for IRS)
Whalen

Summary

At issue is the fair market value of Soft Warehouse Inc. (SWI) stock a key employee purchased on June 30, 1989.

See Also

Morton v. Commissioner

Full Text of Court Cases
April 1, 1997

At issue is fair market value of the capital stock of Soft Warehouse, Inc.