No Discount for Future Income Taxes Permitted When Valuing Retirement Accounts

Business Valuation Update BVLaw
Legal and Court Case Update
November 15, 2004

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6531 Real Estate Agents and Managers
estate and gift taxation
John David Smith v. United States of America
No. 04-20194 (5th Cir. 2004)
US
Federal Court
5th Circuit
United States Court of Appeals
King

Summary

The U.S. Court of Appeals for the 5th Circuit concluded that retirement accounts should not be discounted for potential future income taxes.

See Also

John David Smith v. United States of America

Full Text of Court Cases
November 15, 2004

The U.S. Court of Appeals for the Fifth Circuit concluded that retirement accounts should not be discounted for potential future income taxes. It found that the income tax arising from inclusion on the beneficiaries’ taxes of the distribution as income in ...