DLOM Major Issue; Tax Court 'Splits the Baby'

Business Valuation UpdateVol. 10 No. 2
Legal and Court Case Update
February 2004
6712 Offices of Bank Holding Companies
551111 Offices of Bank Holding Companies
estate and gift taxation
estate tax

Estate of Green v. Commissioner
T.C. Memo 2003-348, 2003 Tax Ct. Memo LEXIS 348
December 29, 2003
US
Federal Court
United States Tax Court
Gary L. Schroeder (for estate), William C. Herber (for respondent)
Thornton

Summary

At decedent’s death, she owned 3,276 shares of Royal Bancshares Inc. (RBI), or 5.09% of the outstanding RBI shares.

See Also

Estate of Green v. Commissioner

DLOM supported by restricted stock studies upheld while neither expert's minority interest discounts are upheld for lack of supporting analysis (therefore higher discount used).