Court Rejects Income Approach, Says Stock Worth Adjusted NAV

Business Valuation UpdateVol. 2 No. 5
Legal and Court Case Update
May 1996

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7312 Outdoor Advertising Services
541850 Outdoor Advertising
estate and gift taxation
control, depreciation
Cidulka v. Commissioner
T.C. Memo 1996-149
March 25, 1996
US
Federal Court
United States Tax Court
Scott

Summary

The major issue was the value of stock in an outdoor advertising sign company (SOAI) that the company redeemed on Jan. 25, 1982.

See Also

Cidulka v. Commissioner

Full Text of Court Cases
March 25, 1996

At issue is the valuation of gifts made by decedent in the years 1980, 1981, and 1982 of stock in State Outdoor Advertising, Inc. (SOAI) for gift and estate tax purposes.