Work in Progress Should Be Considered When Valuing a Law Firm

Business Valuation Update BVLaw
Legal and Court Case Update
July 12, 1999
8111 Legal Services
541110 Offices of Lawyers
estate and gift taxation
work in process

Estate of Cartwright v. Commissioner (II)
183 F.3d 1034,1999 U.S. App. LEXIS 15220
Federal Court
9th Circuit
United States Court of Appeals
Alan Johnson (for estate)<br>Herbert T. Spiro (for IRS)


The 9th Circuit Court of Appeals affirmed and reversed a Tax Court decision, valuing stock in a law practice.

See Also

Estate of Cartwright v. Commissioner (II)

At issue is the valuation of the deceased's share of stock in a law firm in which he was the majority shareholder.