Tax Ct. How-to of Valuing Holding Company, Avoiding Accuracy Penalty

Business Valuation UpdateVol. 20 No. 4
Legal and Court Case Update
April 2014

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6719 Offices of Holding Companies, NEC
551112 Offices of Other Holding Companies
estate and gift taxation
cost approach, income approach, discount for lack of marketability (DLOM), estate tax, net asset value approach (NAV), internal revenue code (IRC), discount for lack of control (DLOC), capitalized-dividend approach
Estate of Richmond
2014 Tax Ct. Memo LEXIS 26
February 11, 2014
US
Federal Court
N/A
United States Tax Court
Peter Winnington (petitioner, Form 706), Robert Schweihs (petitioner, trial), John A. Thomson (respondent/IRS, trial)
Gustafson

Summary

Tax Court favors net-asset-value over capitalized-dividend approach for FMV determination of interest in holding company with marketable securities because NAV starts out on “firm ground” with stock prices one can look up whereas income approach relies en ...

See Also

Estate of Richmond

Full Text of Court Cases
February 11, 2014

Tax Court favors net-asset-value over capitalized-dividend approach for FMV determination of interest in holding company with marketable securities because NAV starts out on “firm ground” with stock prices one can look up whereas income approach relies en ...