Lack of Marketability Discount Is Not Permitted on U.S. Bonds

Business Valuation Update BVLaw
Legal and Court Case Update
January 17, 2003
estate and gift taxation

TAM 200303010

Summary

The IRS determined that a lack of marketability discount could not be applied to the value of U.S. government Series E savings bonds.

See Also

TAM 200303010

The IRS determined that a lack of marketability discount could not be applied to the value of U.S. Government Series E savings bonds. It found that the willing buyer-willing seller standard did not apply because the only willing buyer was the U.S. Govern ...