Federal Court Issues New Rule for Valuing Stock in Insurance Demutualization

Business Valuation UpdateVol. 14 No. 10
Legal and Court Case Update
October 2008
6311 Life Insurance
524113 Direct Life Insurance Carriers
federal taxation
economic damages & lost profits

Fisher v. U.S.
2008 U.S. Claims LEXIS 214 (Aug. 6, 2008)
August 6, 2008
US
Federal Court
Federal
United States Court of Federal Claims
Benjamin C. King Jr., Burgess J. W. Raby, Eileen J. O'Connor
Mark Penny (U.S. government); Eugene Cole (taxpayer)
Allegra

Summary

Federal Claims Court rules against long-standing IRS position that stock in insurance company demutualization has a cost basis of zero value.

See Also

Fisher v. U.S.

Federal Claims Court rules against long-standing IRS position that stock in insurance company demutualization has a cost-basis of zero value.