Tax Court Rejects Pre-IPO Studies, Finds DLOM Accounts for More Than Illiquidity

Business Valuation UpdateVol. 9 No. 7
Legal and Court Case Update
July 2003

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6719 Offices of Holding Companies, NEC
551112 Offices of Other Holding Companies
estate and gift taxation
McCord v. Commissioner (I)
120 T.C. No. 13 2003 U.S. Tax Ct. LEXIS 16
May 14, 2003
US
Federal Court
United States Tax Court
William H. Frazier, ASA (for petitioners) <br> Mukesh Bajaj, Ph.D. (for IRS)
Halpern

Summary

Petitioners Charles T. and Mary S. McCord gifted interests in McCord Interests Ltd. LLP (MIL) to their four children, trusts for the benefit of the children, and two charitable organizations by way of assignment agreements.

See Also

McCord v. Commissioner (I)

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