New Tax Court Decision on Discounts and Embedded Taxes Hinges on Experts

Business Valuation UpdateVol. 15 No. 4
Legal and Court Case Update
April 2009

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. (2,289 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
525920 Trusts, Estates, and Agency Accounts
federal taxation
Estate of Litchfield v. Commissioner
2009 WL 211421 (U.S. Tax Court)
January 29, 2009
US
Federal Court
United States Tax Court
John M Olivieri, Lydia Branche, Mark D Allison, Shawna Early
Swift

Summary

Tax Court considers determination of discounts for embedded capital gains taxes, lack of control, and lack of marketability for estate’s interests in two closely held companies, one owning primarily farm land and the other marketable securities.

See Also

Estate of Litchfield v. Commissioner

Full Text of Court Cases
January 29, 2009

Tax Court considers determination of discounts for embedded capital gains taxes, lack of control, and lack of marketability for estate’s interests in two closely held companies, one owning primarily farm land and the other marketable securities.