Summary
The original Tax Court opinion in this case was abstracted in the March 1998 issue of the Business Valuation Update, where a full recitation of the facts can be found.
See Also
Estate of Trompeter v. Commissioner (III)
The Tax Court, on remand from the Ninth Circuit, reconsidered and explained its present value methodology and discount rate applied when determining the fair market value of preferred stock. It adjusted the discount rate from 4%, accounting solely for the ...