Sec. 1041 Nonrecognition Warranted in Company’s Redemption of Stock

Business Valuation Update BVLaw
Legal and Court Case Update
February 4, 2000

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federal taxation
Carol M. Read, et al. v. CIR
114 T.C. No. 2
US
Federal Court
United States Tax Court
Chiechi

Summary

The full Tax Court considered whether a corporate redemption of a former spouse's stock in the parties' business pursuant to a divorce qualified for nonrecognition treatment under IRC sec. 1041.

See Also

Carol M. Read, et al. v. CIR

Full Text of Court Cases
February 4, 2000

The full Tax Court considered whether a corporate redemption of a former spouse's stock in the parties' business pursuant to a divorce qualified for nonrecognition treatment under IRC sec. 1041. The Tax Court specifically considered the legal standard to ...