Valuation Discounts Not Permitted in Light of Possible Section 691 (c) Deduction

Business Valuation Update BVLaw
Legal and Court Case Update
June 7, 2007

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estate and gift taxation
TAM 200247001

Summary

The IRS denied discounts for potential income tax and lack of marketability in determining the value of the estate’s several IRAs.

See Also

TAM 200247001

Full Text of Court Cases
June 25, 2015

The IRS denied discounts for potential income tax and lack of marketability in determining the value of the estate’s several IRAs. It noted that a section 691 (c) deduction is the appropriate remedy for the potential income tax consequences and makes a v ...