Math and Logic Problems Mar Court’s Valuation and Division of Assets
Appeals court finds incongruities in trial court’s unreported cash income and profit rate inputs make court’s valuation of timber business meaningless; further, trial court failed to explain reason for equalization payment and arrived at incorrect amount.
Doyle v. Doyle
Appeals court finds incongruities in trial court’s unreported cash income and profit rate inputs make court’s valuation of timber business meaningless; further, trial court failed to explain reason for equalization payment and arrived at incorrect amount.
Math and Logic Problems Mar Court’s Valuation and Division of Assets
Appeals court finds incongruities in trial court’s unreported cash income and profit rate inputs make court’s valuation of timber business meaningless; further, trial court failed to explain reason for equalization payment and arrived at incorrect amount.
Tax Court Finds Good Family Gives Rise to Good FLP Case
Tax Court finds legitimate, nontax business purpose in FLP’s active management and preservation of timber, and its protection against creditors.
Estate of Shurtz v. Commissioner
Tax Court finds legitimate, non-tax business purpose in FLP’s active management and preservation of timber, and its protection against creditors.
‘Sham’ Funding Plus Pledging FLP Assets for Personal Debt Adds Up to Taxpayer Loss
Tax Court finds transfer of $16 million in marketable securities to two FLPs fail to qualify as bona fide, nontax business transactions when decedent retained full use of assets, including pledging them as collateral for personal debt.
Estate of Malkin v. Commissioner
Tax Court finds transfer of $16 million in marketable securities to two FLPs fail to qualify as bona fide, non-tax business transactions when decedent retained full use of assets, including pledging them as collateral for personal debt.
Economic realities of stock purchase agreement determinative of value
One issue in this marital dissolution was the value of husband’s minority interest in a logging company.
Gibbons v. Gibbons
At issue is the value of stock in a logging corporation.
Company valuation does not include commissions, wind up fees, or estimated taxes
Wife appealed from an amended judgment, which distributed the appreciation in the value of husband's company.
Valuation including goodwill upheld in logging business
In this marital dissolution, the husband appealed the property division of the circuit court on the grounds of valuation errors.
Crowder v. Crowder
Wife appealed from an amended judgment, which distributed the appreciation in the value of husband's company.
In re of the Marriage of Weakley
At issue is whether the trial court erred by adopting an expert witness's opinion as to the valuation of husband's stock in his business by including goodwill and by it failing to deduct for sales commissions in arriving at the value of equipment.
Pope & Talbot, Inc. v. CIR
The Tax Court determined the fair market value of timberland and resort property that was distributed to a publicly traded Pope & Talbot subsidiary for IRC sec. 311 gain purposes. In reaching its valuation, the court considered the price at which the subs ...
Judge Laro Rejects Motion to Value Partnership Only on Going Concern Premise
In this case, the personal representative of the deceased asked the court for partial summary judgment by asserting "the Court must use a going concern methodology to value a 20% partnership interest."
McFarland v. Commissioner
At issue is whether the court must use a going concern methodology to value a 20-percent partnership interest held by the plaintiff at the time of her death.
Estate of Watts v. Commissioner
Issue was whether corporation should be valued based upon what it would receive for assets in liquidation.
In re Marriage of Lankford
One issue in this case was the valuation of the husband's soley operated logging business.