Theophilos v. Commissioner

Business Valuation Update BVLaw
Legal and Court Case Update
May 31, 1996
6091 Nondeposit Trust Facilities
523991 Trust, Fiduciary, and Custody Activities
federal taxation
fair market value (FMV), income tax

Theophilos v. Commissioner
85 F.3d 440, 1996 U.S. App. LEXIS 12549
Federal Court
9th Circuit
United States Court of Appeals


At issue in this case was whether the taxpayer acquired a beneficial interest in the closely held corporation of his former employer and whether full value was paid for the 40% minority interest in nonvoting common stock.

See Also

Theophilos v. Commissioner

Issue was whether the property received by the taxpayer was stock aquired in a closely held company or the contract to acquire the stock at a later time.