Expand the following panels for additional search options.

Estate of Aaron Jones v. Commissioner

In gift tax dispute, Tax Court adopts estate expert’s valuation of two related PTEs, including expert’s tax affecting; court distinguishes Gross and later cases; issue is not whether to tax affect but how; estate expert’s tax affecting was “more accurate than [IRS’] blunt zero-rate approach.”

Keeping Gross Alive, Nimble Tax Court Accepts PTE Tax Affecting

In gift tax dispute, Tax Court adopts estate expert’s valuation of two related PTEs, including expert’s tax affecting; court distinguishes Gross and later cases; issue is not whether to tax affect but how; estate expert’s tax affecting was “more accurate than [IRS’] blunt zero-rate approach.”

Always Verify Client-Provided Financial Information

Appellate court affirms trial court finding that expert who relied on “estimates” of asset value, provided by the husband with an unreliable memory, was not credible.

Campbell v. Campbell

Appellate court affirms trial court finding that expert who relied on “estimates” of asset value, provided by the husband with an unreliable memory, was not credible.

Value Equal to What Seller Accepted, Not What Buyer Offered

The Utah Supreme Court valued a 50% interest in a joint venture, holding a shopping mall, held by a limited partnership.

Melinda McNeel-Seitz v. Robert M. Seitz

The Mississippi Court of Appeals reversed the lower court's decision limiting the testimony of wife's expert to that of a CPA.

Qualified Expert Testimony Must Be Accepted After Proffer Is Presented

The Mississippi Court of Appeals reversed the lower court's decision limiting the testimony of wife's expert to that of a CPA.

Cecil Wayne Craft v. Patricia Carol Craft

The Tennessee Court of Appeals affirmed the trial court's valuation of the parties' sawmill and pallet manufacturing company. It accepted the value proposed by the wife's expert in its entirety. This expert used a weighted combination of the net asset l ...

Expert Valuation Is Basis for Award

The Tennessee Court of Appeals affirmed the trial court's valuation of the parties' sawmill and pallet manufacturing company. It accepted the value proposed by the wife's expert in its entirety. This expert used a weighted combination of the net asset l ...

Court Awards 30% Discount for Lack of Marketability

The taxpayer's motion for administrative cost recovery was the basis of this case.

Thompson, L v. Commissioner

At issue is the valuation of the plaintiff's stock in harwood sawmill company for federal gift tax purposes.

11 results