Estate of Bessie I. Mueller v. CIR
The Tax Court rejected the estate's claim for equitable recoupment of taxes paid based on a valuation of the estate's stock. The estate reported the value of the stock to be $1,505 per share; however, 67 days after the valuation date it sold the stock fo ...
Main Event in Equitable Recoupment Defined as Overall Additional Tax
The Tax Court rejected the estate's claim for equitable recoupment of taxes paid based on a valuation of the estate's stock. The estate reported the value of the stock to be $1,505 per share; however, 67 days after the valuation date it sold the stock fo ...
SK Handtool Corp. v. Dresser Industries
A divided Illinois Court of Appeals reversed and remanded a jury's award of lost profits based on misrepresentation made in connection with the sale of a hand tool business to a turnaround management firm. SK Handtool had a CPA and a business valuator cal ...
Damage Award Overturned on Speculative Calculation of Lost Profit
A divided Illinois Court of Appeals reversed and remanded a jury's award of lost profits based on misrepresentation made in connection with the sale of a hand tool business to a turnaround management firm.
Frederick G. Krapf v. U.S.A.
The Court of Federal Claims valued a minority interest in an AmTrak service provider for gift tax purposes. It considered a number of post-gift transactions. It determined that the transactions were relevant only when (1) there had been no material chang ...
Relevance of Transactions Judged Using Standard Tests
The Court of Federal Claims valued a minority interest in an AmTrak service provider for gift tax purposes.