Not Necessary to Tax Affect Pepsi Bottler S Corp Earnings

Business Valuation UpdateVol. 5 No. 9
Legal and Court Case Update
September 1999

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2086 Bottled and Canned Soft Drinks and Carbonated Waters
312111 Soft Drink Manufacturing
estate and gift taxation
cost of capital, discount for lack of marketability (DLOM), s corporation, capital asset pricing model (CAPM)
Gross v. Commissioner (I)
T.C. Memo 1999-254, 1999 Tax Ct. Memo LEXIS 290
July 29, 1999
US
Federal Court
United States Tax Court
David O. McCoy, CBA (for taxpayer); Charles A. Wilhoite, CPA/ABV, ASA (for taxpayer); Mukesh Bajaj, Ph.D. (for IRS)
Halpern

Summary

Petitioners in this case were gifted a total of 373.5 shares of common stock out of 19,680 outstanding shares in G&J Pepsi-Cola Bottlers Inc. (an S corporation) from their parents, and each filed a Form 709 (United States Gift and Generation Skipping Transfer Tax Return) in a timely manner.

See Also

Gross v. Commissioner (I)

Full Text of Court Cases
July 29, 1999

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