Tax Court Favors Expert With Greater Industry Experience in Valuing Telecomm Company

Business Valuation UpdateVol. 16 No. 8
Legal and Court Case Update
August 2010
4812 Radiotelephone Communications
517312 Wireless Telecommunications Carriers (except Satellite)
federal taxation

Ringgold Telephone Co. v. Commissioner
T.C. Memo. 2010-103, 2010 WL 1850426 (U.S. Tax Ct.)
May 10, 2010
US
Federal Court
Federal
United States Tax Court
Eric B Jorgensen, James C Lanning, Timothy J Peaden, Timothy L Fallaw
William King (taxpayer); Steven Hastings (IRS)
Wells

Summary

Tax Court finds taxpayer’s expert, a CPA/ABV with substantial experience in the telecommunications business, more persuasive in valuing a 25% interest in a private wireless company using four traditional BV approaches plus a distribution-yield analysis.

See Also

Ringgold Telephone Co. v. Commissioner

Tax Court finds taxpayer’s expert, a CPA/ABV with substantial experience in the telecommunications business, more persuasive in valuing a 25% interest in a private wireless company using four traditional BV approaches plus a distribution-yield analysis.