In the first instance, this was another case where cryptocurrencies played an important role. While the existence of the cryptocurrencies was forgotten when dividing the marital assets and thus remained with the husband, the trial court, affirmed by the appellate court, had awarded the wife half the value of the cryptocurrencies.
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Gift Tax Case Suggests Overall Acceptance of S Corp Tax Affecting
In gift tax case requiring valuation of minority shares in S corporation, district court accepts application, by all experts, of C corp-level tax rate to company’s earnings; court, with minor DLOM adjustment, credits valuations by taxpayers’ expert, noting his market approach is “the most sound.”
Kress v. United States
In gift tax case requiring valuation of minority shares in S corporation, district court accepts application, by all experts, of C corp-level tax rate to company’s earnings; court, with minor DLOM adjustment, credits valuations by taxpayers’ expert, noting his market approach is “the most sound.”