Tax Court Rejects Tax Affecting, CSRP, Poor Comps, and More

Business Valuation UpdateVol. 17 No. 8
Legal and Court Case Update
August 2011
2711 Newspapers: Publishing, or Publishing and Printing
511110 Newspaper Publishers
federal taxation
tax affecting, s corporation

Gallagher v. Commissioner (I)
T.C. Memo 2011-148; 101 T.C.M. (CCH) 1702
June 28, 2011
US
Federal Court
United States Tax Court
Richard May (taxpayer) and John Thomson (IRS)
Halpern

Summary

Tax Court dismisses guideline company comparable method in this case for lack of true comparables and rejects experts’ DCF for tax affecting and other adjustments without sufficient justification or support.

See Also

Gallagher v. Commissioner (I)

Tax Court dismisses guideline company comparable method in this case for lack of true comparables, and rejects experts’ DCF for tax affecting and other adjustments without sufficient justification or support.