Pacific Telecom, Inc. v. Gabelli Funds, Inc.
At issue is the valuation of the Gabelli Funds, Inc. fair value of its shares in Pacific Telecom, Inc.
Third-Party Sale Value Must Be Considered
In this unpublished memorandum opinion, the 9th Circuit reversed the district court's appraisal of the fair value of Gabelli's shares of Pacific Telecom Inc.
Louise B. Barnes, donor, et al. v. CIR
The Tax Court valued gifts of less than a one percent interest in two closely held regional telephone companies. It accepted the taxpayer's valuation using the market comparison of actual dividends paid. It rejected the inclusion of a small stock premium ...
Small Stock Risk Premium and Lack of Marketability Discount Considered
The Tax Court valued gifts of less than a 1% interest in two closely held regional telephone companies.
Scanlan v. Commissioner
At issue is the value of decedent's stock in Eatelcorp, Inc. on the date of his death and the date of a gift that was made approximately 3 months beforehand.
Thorough Update of Reports Essential
The Tax Court valued an undivided 50% interest in a closely held telecommunications company as of the 1991 valuation date. The court rejected the IRS' argument that a 1994 redemption of all non-Scanlan family stock was indicative of the 1991 fair market.