Rosemann v. Roto-Die Inc. (II)
At issue in this case were the terms of the stock redemption agreement.
Nordholm v. Herlache Industrial Supply Co., Inc.
At issue is whether the plaintiff waived his right to or was estopped from pursuing a second stock valuation.
Price Term in Stock Redemption Agreement Held Ambiguous
Defendant Roto-Die Inc. is a family-owned business that manufactures rotary dies.
Rosemann v. Roto-Die, Inc. (I)
This action is the fourth suit filed by plaintiff against defendant seeking compensation for his stock on various grounds.
Simplot Reversed by 9th Circuit; Control Premium for Voting Shares Incorrectly Applied
This case is the 9th Circuit Court of Appeals' decision on appeal of Estate of Simplot v. Commissioner, 112 T.C. No.13 (1999), which was abstracted in the May 1999 issue of Shannon Pratt's Business Valuation Update.
Estate of Simplot v. Commissioner (II)
Ninth Circuit reversed and ordered entry of judgment in favor of the estate on remand because the Tax Court erroneously attributed a premium to minority voting stock.
Troy Shockley v. Arcan, Inc., et al.
The U.S. Court of Appeals for the Federal Circuit reversed an award of lost profits for Arcan’s infringement of Shockley’s patent. The Federal Circuit found that the lost profits evidence was unsubstantiated because it was based on sales Shockley assumed ...
Exacto Spring v. Commissioner
At issue is the interpretation of tax law that allows a business to deduct from its income its "ordinary and necessary" business expenses.
7th Circuit Rejects Tax Court's Reasonable Compensation Test
The issue in this corporate income tax matter was whether the petitioner's deduction for the salary of its chief executive and principal owner was excessive, as asserted by the IRS.
7th Circuit Affirms Independent Investor Test When Determining Reasonable Compensation
The 7th Circuit reversed the U.S. Tax Court and determined that the independent investor test was the appropriate test for determining whether an executive's compensation was reasonable and, thus, deductible to the corporation under IRC sec. 162.
7th Circuit Affirms Independent Investor Test When Determining Reasonable Compensation
The 7th Circuit reversed the U.S. Tax Court and determined that the independent investor test was the appropriate test for determining whether an executive's compensation was reasonable and, thus, deductible to the corporation under IRC sec. 162.
Value Hinges on Reasonable Compensation to an Indispensable Executive
After concessions, the issue for consideration is the amount that Exacto Spring Corp. is entitled to deduct as reasonable compensation to an indispensable executive.
Exacto Spring Corporation v. Commissioner (I)
Isue for consideration is the amount that Exacto Spring Corporation is entitled to deduct as reasonable compensation to an indispensable executive.
Expert's Assumptions Faulty Because Source Discredited
During the bitter divorce battle to end a 25-year marriage, husband contested the trial court's valuation of the family business, Zero Check, a manufacturer of mechanical gauges Wife's ex ...
Upton v. Upton
At issue is the valuation of husband's interest in Zero Check, Inc.