Estate of Berg v. Commissioner

Business Valuation Update BVLaw
Legal and Court Case Update
October 5, 1992
estate and gift taxation

Estate of Berg v. Commissioner
976 F.2d 1163
US
Court of Appeals
Gibson

Summary

On appeal by the estate, the 8th Circuit Court of Appeals found that discounts of 20% for minority interest and 10% for lack of marketability of the estate shares were appropriately applied when determining the value of the estate’s 26.92% stock holdings.

See Also

Estate of Berg v. Commissioner

976 F.2d 1163 (8th Cir. Oct. 5, 1992), Judge Gibson, affirming in part and reversing in part T.C. Memo 1991-279, 61 T.C.M. (CCH) 2949 (June 20, 1991), Judge Wright.