Transactions Occurring Shortly After the Valuation Date Are Probative

Business Valuation Update BVLaw
Legal and Court Case Update
March 15, 2001
2326 Men's and Boys' Work Clothing
315210 Cut and Sew Apparel Contractors
estate and gift taxation
estate tax, fair market value (FMV), burden of proof

Morrissey v. Commissioner
243 F.3d 1145, 2001 U.S. App. LEXIS 3913
Federal Court
9th Circuit
United States Court of Appeals
Bret Tack, ASA (for estate)<br>William K. Fowler, AM (for IRS)


The U.S. Court of Appeals for the 9th Circuit considered the Tax Court’s valuation of an Oklahoma company holding a uniform manufacturer in Estate of Kaufman v. CIR, T.C. Memo. 1999-119.

See Also

Morrissey v. Commissioner