Nelson v Commr.
Taxpayer appealed a Tax Court ruling that she gifted a percentage of partnership interests and not a fixed amount of value. As a result, when the IRS determined the FMV of those interests, the Taxpayer was left with a gift tax deficiency.
Court of Appeals Upholds Tax Court—Taxpayer Gifted a Percentage of Partnership Interests, Not a Fixed Amount
Taxpayer appealed a Tax Court ruling that she gifted a percentage of partnership interests and not a fixed amount of value. As a result, when the IRS determined the FMV of those interests, the Taxpayer was left with a gift tax deficiency.
High Company-Specific Risk Adjustment Distorts Valuation
In a buyout case, the court finds that, in reselling company, defendants undervalued rollover equity interest by double counting risks specific to the company in order to avoid triggering windfall provision in prior sales agreement favorable to plaintiff.
Charron v. Sallyport Global Holdings, Inc.
In a buyout case, the court finds that, in reselling company, defendants undervalued rollover equity interest by double counting risks specific to the company in order to avoid triggering windfall provision in prior sales agreement favorable to plaintiff.
Corporation not bound by buyout fair value; may elect to dissolve
The issue in this corporate dissolution action is whether the shareholder who elects to purchase the shares of the shareholder ...
Fierro v. Templeton
Issue in this corporate dissolution was the fair value of Templeton's 50% interest pursuant to Fierro's election to purchase in lieu of dissolution.
Michael Cormie, et al. v. Enterasys Networks, Inc.
The Delaware Court of Chancery determined damages for breach of a sale agreement pursuant to a merger.
Court Finds Postnuptual Agreement Valid
The issue in this marital dissolution case is the validity of the postnuptial agreement by which parties agreed to keep their incomes and debts separate.
In re the Marriage of Friedman
Postnuptial agreement found valid and enforceable despite increase in value of husband's separate business.
Scott Campbell Peak v. Debra Jean Peak
The Michigan Court of Appeals affirmed the lower court's decision not to consider the tax consequences of a merger of the marital business that occurred after the judgment of divorce. The appellate court noted that the husband's disposition of the stock ...
Tax Consequences of Post-Divorce Merger Ignored
The Michigan Court of Appeals affirmed the lower court's decision not to consider the tax consequences of a merger of the marital business that occurred after the judgment of divorce. The appellate court noted that the husband's disposition of the stock ...