DCF Method Appropriate for Valuing General Contractor

Business Valuation UpdateVol. 5 No. 7
Legal and Court Case Update
July 1999
1629 Heavy Construction, NEC
237110 Water and Sewer Line and Related Structures Construction
estate and gift taxation
control premium, fair market value (FMV), market approach

Rakow v. Commissioner
T.C. Memo 1999-177, 1999 Tax Ct. Memo LEXIS 214
May 27, 1999
Federal Court
United States Tax Court
George H. Reddin (for taxpayer)<br>Warren T. Jacobsen (for IRS)


In 1992, May Rakow gave 1,780 shares of Illinois Hydraulic Construction Co. (IHC) stock to her children and grandchildren.

See Also

Rakow v. Commissioner

At issue is the fair market value of stock given by petitioner to her children and grandchildren.