Expert’s Failure to Explain Basis for Compensation Analysis Renders Testimony Inadmissible
In condemnation case requiring fair market value analysis to determine compensation due to landowners, court excludes defense expert testimony, citing failure to follow mandated methodology and standard of value; court calls aspects of loss calculation based on income approach “disturbing.”
Rover Pipeline LLC v. 10.55 Acres
In condemnation case requiring fair market value analysis to determine compensation due to landowners, court excludes defense expert testimony, citing failure to follow mandated methodology and standard of value; court calls aspects of loss calculation based on income approach “disturbing.”
In re the Marriage of Heierle
In this marital dissolution action, Yupa Assawasuksant contends that her former husband, James Heierle, breached his fiduciary duty to her by failing to disclose the extent or the value of certain community property at the time she agreed to two propert ...
No value equals no appreciation of stock
The value of Hirt’s Greenhouse Inc. stock was at issue in this case.
Hirt v. Hirt
The issue in this marital dissolution was the value of Hirt's Greenhouse.
7th Circuit Affirms Tax Court; Gifts Were of Future Interests
This opinion is the 7th Circuit Court of Appeals’ ruling on appeal from the Tax Court opinion of Hackl v. Commissioner, 118 T.C. 279 (U.S. Tax Ct. 2002).
Hackl v. Commissioner (II)
Issue was whether restrictions on transfer in operating agreement meant that the gifted shares were "essentially without immediate value to the donees."
Conrad George Olsen v. CIR
The Tax Court concluded that the payment of an equitable distribution award by the purchaser of property awarded to the taxpayer in a divorce did not qualify for IRC Sec. 1041 nonrecognition treatment because the transaction did not meet the requirements ...
Third-Party Transaction Not Available for Nonrecognition Treatment
The Tax Court concluded that the payment of an equitable distribution award by the purchaser of property awarded to the taxpayer in a divorce did not qualify for IRC Sec. 1041 nonrecognition treatment.