Value of Stock Included in Gross Estate When Stock Is Controlled Through a Partnership

Business Valuation Update BVLaw
Legal and Court Case Update
June 7, 1999
estate and gift taxation

TSA 199938005

Summary

The IRS ruled that an estate should include the value of decedent's one-half interest in a closely held corporation under IRC sec. 2036(b).

See Also

TSA 199938005

The IRS ruled that an estate should include the value of decedent's one-half interest in a closely-held corporation under IRC sec. 2036(b). The decedent transferred the 55-percent of his stock to a limited partnership which he controlled. The Service co ...