11th Circuit Affirms Shepherd v. Commissioner

Business Valuation UpdateVol. 8 No. 4
Legal and Court Case Update
April 2002
0811 Timber Tracts
113110 Timber Tract Operations
estate and gift taxation
gift tax, fractional interest

Shepherd v. Commissioner (II)
283 F.3d 1258, 2002 U.S. App. LEXIS 3165
February 28, 2002
US
Federal Court
11th Circuit
United States Court of Appeals
Thornton

Summary

This gift tax case is an appeal from the Tax Court's December 2000 decision, which was abstracted in the December 2000 issue of Shannon Pratt's Business Valuation Update®, at page 5.

See Also

Shepherd v. Commissioner (II)

Issues were characterization of ifts as indirect gifts and proper application of stipulated combined minority and marketability discount.