Law v. Law
In this marital dissolution, husband’s income was based on profits from the business owned by his father.
Uncorroborated Debt Not Offset Against Nonoperating Asset
The issue in this case was the value of Zip Sort Inc. shares gifted by taxpayer to his children.
Polack v. Commissioner (II)
Earnings for the relevant valuation date determined after the valuation deemed irrelevant because a "prospective buyer could not have known" at that time ...
Tax Court Accepts IRS Projections of Value Added Refund Income and Capital Expenditures
The issue in this case was the valuation of taxpayer Polack's gift of 1,040,000 shares of Zip Sort Inc. (ZSI) stock that he gifted to his children on Dec. 31, 1992 (260,000 of his nonvoting stock to each of his four children).
Polack v. Commissioner (I)
The issue in this case was the valuation of taxpayer Polack's gift of 1,040,000 shares of Zip Sort, Inc. (ZSI) stock that he gifted to his children.
Appellate court deems trial court's judgment sound
Wife appealed a judgment from the trial court ordering equitable distribution of the parties' marital property.
Lawson v. Lawson
Issue was whether the trial court erred by finding that the increased value of the husband's separate property interest in two corporations was passive and not a marital asset.
In re the Marriage of Bausano
At issue is the valuation of husband's copy machine refurbishing, sale and service business.
Appellate court affirms valuation of copier business
On de novo review of this marital property distribution case, the husband appealed several issues regarding the trial court's valuation of his copier business.
Liquidation value of obsolete business equipment appropriate
In this marital dissolution case, the Ohio Court of Appeals upheld the trial court's valuation and division of marital assets over the husband's assignments of error.
Drzal v. Drzal
At issue is the valuation of the couple's marital home and husband's printing business.
Chatterton v. Business Valuation Research
At issue is whether the buyout agreement precluded discounts for liquidation costs.
Value Under Buy-Sell Agreement Is Going-Concern Value
The Washington Court of Appeals, Division III, determined that a minority shareholder's interest should be valued as a going concern less a minority discount for a sale completed according to a buy-sell agreement.
More Court Cases … Income Tax: Valley Medical
At issue is whether royalty payments are reasonable in amount and therefore considered to be a deductible expense incurred in carrying on a trade or business under Section 162(a)(3).
Dharma Enterprises v. Commissioner
At issue is whether the royalties paid to Dharma Mudranalaya for certain intangible assets were reasonable in amount.
Estate of Hall v. Commissioner
At issue is the value for estate tax purposes of decedent's equity interest in Hallmark Cards, Inc.