Tax Court Decision Remanded to Explain Basis for 4% Discount Rate

Business Valuation UpdateVol. 8 No. 3
Legal and Court Case Update
March 2002
estate and gift taxation

Estate of Trompeter v. Commissioner (II)
No. 99-70805 (9th Cir. 2002)
January 30, 2002
Federal Court
9th Circuit
United States Court of Appeals


The Tax Court opinion in this case was abstracted in the March 1998 issue of Shannon Pratt's Business Valuation Update ®.

See Also

Estate of Trompeter v. Commissioner (II)

The Ninth Circuit reversed the Tax Court’s valuation of closely held, preferred stock. It affirmed the Tax Court’s finding that the stock would be redeemed pursuant to its terms. However, it found the Tax Court’s present value calculation was not adequate ...