Court Rejects Inadequate DCF; Selection of Comparables Critical 30% Lack of Marketability Discount for Controlling Interest

Business Valuation UpdateVol. 5 No. 10
Legal and Court Case Update
October 1999
6036 Savings institutions, Not Federally Chartered
522120 Savings Institutions
estate and gift taxation

Estate of Hendrickson v. Commissioner
T.C. Memo 1999-278,1999 Tax Ct. Memo LEXIS 318
August 23, 1999
Federal Court
United States Tax Court
James Magee (for estate)<br>David N. Fuller (for IRS)


The issue in this estate tax case was the fair market value of decedent's 1,499 shares of Peoples Trust and Savings Bank of Boonville, Ind., constituting 49.97% of the 3,000 shares outstanding.

See Also

Estate of Hendrickson v. Commissioner

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