Tax Court Tacitly Approves of IRS Solvency Assessment

Business Valuation UpdateVol. 21 No. 7
Legal and Court Case Update
July 2015

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5211 Lumber and Other Building Materials Dealers
444110 Home Centers
federal taxation
asset approach, discounted cash flow (DCF), fair market value (FMV), market approach, internal revenue code (IRC), tangible assets, guideline publicly-traded company method, comparable transactions method, transferee liability
Kardash v. Commissioner (i)
2015 Tax Ct. Memo LEXIS 69
March 18, 2015
US
Federal Court
Federal
United States Tax Court
Stanley A. Murphy (petitioners); Dr. Israel Shaked (IRS/respondent)
Goeke

Summary

In transferee liability case, solvency experts use gamut of valuation methods to establish when subject became insolvent; Tax Court does not endorse any one approach but appears to give nod to IRS market-based solvency analysis.

See Also

Kardash v. Commissioner (I)

Full Text of Court Cases
March 18, 2015

In transferee liability case, solvency experts use gamut of valuation methods to establish when subject became insolvent; Tax Court does not endorse any one approach but appears to give nod to IRS market-based solvency analysis.