Tax Court Rejects Use of Single 'Similar' Comparable

Business Valuation UpdateVol. 8 No. 3
Legal and Court Case Update
March 2002
5182 Wine and Distilled Alcoholic Beverages
312130 Wineries
estate and gift taxation
s corporation

Heck v. Commissioner
T.C. Memo. 2002-34, 2002 Tax Ct. Memo LEXIS 38
February 5, 2002
Federal Court
United States Tax Court
Herbert T. Spiro (for IRS); Mukesh Bajaj (for estate)


This issue in this estate tax matter was the fair market value of decedent's 630 shares (a 39.62% interest) in F. Korbel & Bros. Inc. on Feb. 15, 1995, her date of death.

See Also

Heck v. Commissioner

Business Valuation and Taxes: Procedure, Law and Perspective ...