Subsequent Events Not an Issue When Experts Too Far Apart on Contingency Claims

Business Valuation UpdateVol. 17 No. 7
Legal and Court Case Update
July 2011

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federal taxation
Estate of Saunders v. Commissioner
136 T.C. No. 18
April 28, 2011
US
Federal Court
Federal
United States Tax Court
Philip Schwab (taxpayer) and James McCann (IRS)
Cohen

Summary

Tax Court holds that different standards apply to including an asset value in an estate and deducting the value of a liability.

See Also

Estate of Saunders v. Commissioner

Full Text of Court Cases
April 28, 2011

Tax Court holds that different standards apply to including an asset value in an estate and deducting the value of a liability; and further, that multiple, divergent expert assessment of contingency claims establish that their value could not be readily a ...