Relevant Factors Make Expert's Conclusion More Reliable

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

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. (409 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
3492 Fluid Power Valves and Hose Fittings
332912 Fluid Power Valve and Hose Fitting Manufacturing
estate and gift taxation
Estate of Foote v. Commissioner of Internal Revenue
T.C. Memo 1999-37,1999 Tax Ct. Memo LEXIS 37
February 5, 1999
US
Federal Court
United States Tax Court
Robert E. Kleeman, Jr., CPA (for estate), Robert L. Davis, CFA (for IRS)
Jacobs

Summary

The issue in this estate tax matter is the appropriate blockage discount, if any, to apply in valuing decedent's shares of Applied Power stock.

See Also

Estate of Foote v. Commissioner of Internal Revenue

Full Text of Court Cases
February 5, 1999

At issue is the fair market value of 280,507 shares of Applied Power, Inc. class A common stock held by the decedent.