Saltzman v. Commissioner

Business Valuation Update BVLaw
Legal and Court Case Update
December 11, 1997
estate and gift taxation

Eric F. Saltzman, et al. v. CIR
No. 96-4195 (2nd Cir. 1997)
US
Federal Court
2nd Circuit
United States Court of Appeals
Graffeiland

Summary

The pertinent discount issue in this case was the size of the marketability discount to apply to the fair market value of the stock in a family trust at the time of recapitalization.

See Also

Eric F. Saltzman, et al. v. CIR

The Second Circuit reversed and remanded the matter to the Tax Court after considered that a post-valuation date sale established the fair market value of the company. The company held a film library, whose title had been clouded. In order to insulate t ...