IPO Price Assists in Determining Fair Market Value of Stock

Business Valuation UpdateVol. 6 No. 5
Legal and Court Case Update
May 2000

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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
US
Federal Court
United States Tax Court
Halpern

Summary

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

Full Text of Court Cases
February 11, 2000

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