Valuation Discounts Rejected When Liquidation Provision Is More Restrictive Than State Law

Business Valuation Update BVLaw
Legal and Court Case Update
January 13, 1999
estate and gift taxation

FSA 199919009


The IRS stated its position with regard to looking through provisions in a partnership agreement preventing liquidation.

See Also

FSA 199919009

This field service advice concluded that restriction on liquidations on liquidation contained in a family limited partnership agreement were more restrictive than the applicable Missouri state law, and thus, the restrictions should be disregarded for valu ...