Taxpayer Offers No Expert Evidence; Court Reaches Unexplained Conclusion
The issue is the value of a controlling interest in the stock of a wholesale horticultural company as of the decedent's estate's alternate valuation date, Jan. 21, 1991.
Estate of Cartwright v. Commissioner
At issue is whether life insurance proceeds were paid to decedent's estate solely to redeem his CSB stock, as petitioner contends, or partly for his CSB stock and partly for any claims for cases or work in process, as respondent contends.
Estate of Louis F. Bonner, Sr. v. USA
The Fifth Circuit reversed the Tax Court, and found that fractional interest discounts should be applied. It concluded that the decedent's ownership of undivided fractional interest in real properties did not merge with the remaining interest held in a QT ...
'Interest That Passes' Includes Fractional Interest Discount
The 5th Circuit reversed the Tax Court and found that fractional interest discounts should be applied.
Court Rejects Income Approach, Says Stock Worth Adjusted NAV
The major issue was the value of stock in an outdoor advertising sign company (SOAI) that the company redeemed on Jan. 25, 1982.
Court Criticizes Experts on Both Sides of Gift Tax Case
The issue is the fair market value of minority shares of a privately held life insurance company.
Court Forced to Reach Conclusion Based on Weak Evidence
The issue in this case is the value of minority shares of Kosman, Inc., a family holding company owning shares of stock of small banks.
McClatchy v. Commissioner
At issue is whether certain securities law restrictions that applied to shares of stock of McClatchy Newspapers, Inc. owned by decedent during his lifetime, but which became inapplicable by reason of decedent's death.
Judge Laro Denies Lack of Marketability Discount in Valuing 100% Stock Interest
The estate of Joseph Cloutier held 100% of the stock of Corporation for General Trade (CGT) at the time of Mr. Cloutier's death.
Many Factors Affect Value of Unsecured Note Receivable
The issue was the value of a note in the estate as of April 28, 1988.
Casey v. Commissioner
At issue is the amount of discount applied to the fair market value of certain property included in the estate.
Cidulka v. Commissioner
At issue is the valuation of gifts made by decedent in the years 1980, 1981, and 1982 of stock in State Outdoor Advertising, Inc. (SOAI) for gift and estate tax purposes.
Gloeckner v. Commissioner
At issue is the value of shares of stock in a horticultural corporation that Gloeckner (decedent) owned on the date of his death.
Frederick G. Krapf v. U.S.A.
The Court of Federal Claims valued a minority interest in an AmTrak service provider for gift tax purposes. It considered a number of post-gift transactions. It determined that the transactions were relevant only when (1) there had been no material chang ...
Relevance of Transactions Judged Using Standard Tests
The Court of Federal Claims valued a minority interest in an AmTrak service provider for gift tax purposes.
Kosman v. Commissioner
At issue is the value of petitioner's stock in Kosman that she gave to her children.
Rabenhorst v. Commissioner
At issue is the fair market value of stock which petitioners gave to their children.
Doris F. and Alvin P. Rabenhorst, Sr. v. CIR
The Tax Court valued minority interests in a closely held firm. It considered a pre-valuation date redemption and an appraisal performed using the public company guideline method. The redemption was probative even though it was an interfamily redemption ...
Court Gives Consideration to Intrafamily Redemption Value
The Tax Court valued minority interests in a closely held firm. It considered a pre-valuation date redemption and an appraisal performed using the public company guideline method. The redemption was probative even though it was an interfamily redemption ...
Crosby v. Commissioner
At issue is the value of a promissory note owned by the decedent on the date of her death.
Cloutier v. Commissioner
Business Valuation and Taxes: Procedure, Law and Perspective ...
Estate of Verna Mae Crosby v. U.S.A.
The U.S. District Court for the Southern District of Mississippi determined the value of a promissory note. The experts valued the note by computing the present value of the future payments at an appropriate yield adjusted for specific factors impacting ...
Valuation of a Promissory Note
The U.S. District Court for the Southern District of Mississippi determined the value of a promissory note.
Wheeler v. United States (Order)
At issue is plaintiff's motion for summary judgment to be granted as to the 10% minority stock discount, and the United States' motion for summary judgment be granted as to inclusion of the value of the Melton homestead in the estate.
Estate of Cyril I. Magnin v. CIR (I)
The Tax Court clarified the definition of 'Fair Market Value' when it warned that the hypothetical sale should not be separated from the actual facts that would affect the value of the subject company's stock.