Estate of Campbell v. Commissioner

Business Valuation Update BVLaw
Legal and Court Case Update
December 12, 1991
0119 Cash Grains, NEC
111199 All Other Grain Farming
estate and gift taxation
estate tax, fair market value (FMV)

Estate of Campbell v. Commissioner
T.C. Memo 1991-615, 1991 Tax Ct. Memo LEXIS 662
US
Federal Court
United States Tax Court
Whalen

Summary

The pertinent valuation issue in this case was the determination of the fair market value of stock in a closely held family corporation that owned both operating assets and land holdings.

See Also

Estate of Campbell v. Commissioner

Issues are fair market value of stock in a closely held corporation and whether petitioner is liable for the additions to tax for late filing of tax return and late payment of estate tax.