IPO Price Assists in Determining Fair Market Value of Stock

Business Valuation UpdateVol. 6 No. 5
Legal and Court Case Update
May 2000
3483 Ammunition, Except for Small Arms
332993 Ammunition (except Small Arms) Manufacturing
federal taxation
fair market value (FMV), book value, income tax

Biaggi v. Commissioner
T.C. Memo 2000-48, 2000 Tax Ct. Memo LEXIS 57
February 11, 2000
Federal Court
United States Tax Court


The issue in this income tax matter is the fair market value of stock of Wedtech Corp. received by petitioner Mario Biaggi, but not reported as income on his 1983 income tax return.

See Also

Biaggi v. Commissioner

At issue is the fair market value of petitioners shares of stock in Wedtech Corp. for federal tax purposes.