Tax Court Increases Discount Rate on Remand

Business Valuation UpdateVol. 10 No. 4
Legal and Court Case Update
April 2004
6162 Mortgage Bankers and Loan Correspondents
estate and gift taxation

Estate of Trompeter v. Commissioner (III)
T.C. Memo. 2004-27
February 4, 2004
Federal Court
United States Tax Court
Avram Salkin, Irene Scott Carroll, Robert A. Levinson


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 ...