Equipment Company Valuation Turns on Asset- and Earnings-Based Values

Business Valuation UpdateVol. 6 No. 3
Legal and Court Case Update
March 2000
7353 Heavy Construction Equipment Rental and Leasing
238910 Site Preparation Contractors
estate and gift taxation
net asset value, discount for lack of marketability (DLOM), estate tax, fair market value (FMV), liquidation

Estate of Dunn v. Commissioner (I)
T.C. Memo 2000-12, 2000 Tax Ct. Memo LEXIS 13
January 12, 2000
Federal Court
United States Tax Court
William Frazier, ASA (for estate), Shannon Pratt, CFA, FASA, CBA (for estate), Carmen Eggleston, CPA (for IRS)


The fair market value of 492,610 shares of stock in Dunn Equipment Inc. is in dispute in this case.

See Also

Estate of Dunn v. Commissioner (I)

At issue is the fair market value of 492, 610 shares of Dunn Equipment.