IRS’ Valuation of Funeral Home Fatally Flawed

Business Valuation Update BVLaw
Legal and Court Case Update
February 27, 1997
7261 Funeral Services and Crematories
812210 Funeral Homes and Funeral Services
estate and gift taxation

Estate of William F. Sharp, Jr. v. U.S.A.
79 AFTR2d Par. 97-600 (ED TN 1997)
US
Federal Court
Tennessee
United States District Court
Kenneth W. Patton <br> Robert B. Fling, CPA <br>
Jarvis

Summary

The District Court for the Eastern District of Tennessee determined that a funeral home business had goodwill.

See Also

Estate of William F. Sharp, Jr. v. U.S.A.

The District Court for the Eastern District of Tennessee determined that a funeral home business had goodwill. The parties stipulated to the value of the business' assets. After the decedent died, his children operated the business and made substantial ...