Tax Court Accords Superpremium to Small Voting Block and Allows Deduction of 100% of Trapped-In Capital Gains Tax

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

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2099 Food Preparations, NEC
311999 All Other Miscellaneous Food Manufacturing
estate and gift taxation
fair market value (FMV)
Estate of Richard R. Simplot v. Commissioner of Internal Revenue
112 T.C. 130,1999 U.S. Tax Ct. LEXIS 15
March 22, 1999
US
Federal Court
United States Tax Court
J. Paul Much (for estate)<br>John R. Ettelson (for estate)<br>Herbert Spiro (for IRS)<br>Gilbert Matthews (for IRS)
Jacobs

Summary

Chris Mercer, president of Mercer Capital Management Inc., a leading independent business appraisal firm, abstracts and analyzes what is sure to be one of the most discussed U.S. Tax Court of 1999.

See Also

Estate of Richard R. Simplot v. Commissioner of Internal Revenue

Full Text of Court Cases
March 22, 1999

At issue is the fair market value of decendent's stock in J.R. Simplot Co.