IRS Strains to Prove Goodwill in Like-Kind Exchange

Business Valuation UpdateVol. 19 No. 11
Legal and Court Case Update
November 2013
4832 Radio Broadcasting Stations
515111 Radio Networks
federal taxation
discounted cash flow (DCF), like-kind exchange, internal revenue code (IRC), residual method

Deseret Management Corp. v. United States
2013 U.S. Claims LEXIS 987
July 31, 2013
US
Federal Court
N/A
United States Court of Federal Claims
BIA Consulting, Inc., Jerry Hausman (respondent); Ms. Flynn (government)
Allegra

Summary

In tax refund case related to tax code’s like-kind exchange provisions, Court of Claims rejects a bright line rule that radio stations cannot have goodwill; it also finds that the discounted cash flow (DCF) method the government’s expert chose to determin ...

See Also

Deseret Management Corp. v. United States

In tax refund case related to tax code’s like-kind exchange provisions, Court of Claims rejects a bright line rule that radio stations cannot have goodwill; it also finds that the discounted cash flow (DCF) method the government’s expert chose to determin ...