Tax Court Chooses Market Approach Over Asset Approach

Business Valuation UpdateVol. 8 No. 8
Legal and Court Case Update
August 2002

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8059 Nursing and Personal Care Facilities, NEC
623110 Nursing Care Facilities (Skilled Nursing Facilities)
federal taxation
cost approach, income approach, net asset value, fair market value (FMV), market approach, internal revenue service (IRS), s corporation, income tax, guideline publicly-traded company method
Caracci v. Commissioner (I)
118 T.C. 379, 118 T.C. No. 25, 2002 U.S. Tax Ct. LEXIS 25
May 22, 2002
US
Federal Court
United States Tax Court
Allen D. Hahn, CFA, ASA (for taxpayer) (court records incorrectly show "Alfred"), Charles A. Wilhoite, CPA, CMA, ASA (for IRS)
Laro

Summary

The issue in this consolidated case involving the Caracci family was whether the value of the Sta-Home Health Agency Inc. (SHHA) and related entities transferred into S corporations exceeded the consideration paid.

See Also

Caracci v. Commissioner (I)

Full Text of Court Cases
May 22, 2002

The issue was whether the value of the Sta-Home Health Agency, Inc. (SHHA) and related entities transferred into S corporations exceeded the consideration paid.