Major Victory for Taxpayer and Appraiser in Classic FLP Case

Business Valuation UpdateVol. 16 No. 1
Legal and Court Case Update
January 2010

Access the Full Article

This article is available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (1,558 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
6733 Trusts, Except Educational, Religious, and Charitable
523920 Portfolio Management
estate and gift taxation
Murphy v. U.S.
2009 WL 3366099 (W.D. Ark.)
October 2, 2009
US
Federal Court
Arkansas
United States District Court
Donald Barker (estate); Francis Burns (IRS)
Barnes

Summary

Taxpayer wins major, multimillion-dollar victory for appraisal of FLP assets in estate tax case, including court’s adoption of substantial discounts for lack of control and lack of marketability.

See Also

Murphy v. U.S.

Full Text of Court Cases
October 2, 2009

Taxpayer wins major, multi-million dollar victory for appraisal of FLP assets in estate tax case, including court’s adoption of substantial discounts for lack of control and lack of marketability.