Equitable Recoupment Applied

Business Valuation Update BVLaw
Legal and Court Case Update
September 5, 2001
estate and gift taxation

Estate of Frank Branson v. CIR (Branson II)
No. 00-70293 (9th Cir. 2001)
US
Federal Court
9th Circuit
United States Court of Appeals
Sneed

Summary

The 9th Circuit Court of Appeals determined that an estate was entitled to recoup capital gains taxes the heir paid in connection with the sale of the estate’s stock.

See Also

Estate of Frank Branson v. CIR (Branson II)

The Ninth Circuit Court of Appeals determined that an estate was entitled to recoup capital gains taxes paid by the heir in connection with the sale of the estate’s stock. A professional appraiser valued the stock and that value was included in the gross ...