Marilyn Jane Schulz Gordon v. David Louis Gordon
The Tennessee Court of Appeals affirmed the valuation of a family limited partnership based on testimony from a CPA with business valuation experience over the husband’s opinion of value.
Trial Court Accepts CPA’s Valuation of FLP
The Tennessee Court of Appeals affirmed the valuation of a family limited partnership based on testimony from a CPA with business valuation experience over the husband’s opinion of value.
Estate of Gribauskas v. CIR (Gribauskas II)
The U.S. Court of Appeals for the Second Circuit reversed the Tax Court's valuation of payments from the Connecticut Lotto. The estate valued the payments based on the gray market, inclusive of a lack of marketability discount. The Tax Court ruled that th ...
Value of Lotto Payments Includes Discount for Lack of Marketability
The U.S. Court of Appeals for the 2nd Circuit reversed the Tax Court's valuation of payments from the Connecticut Lotto.
Guillermo Sostchin v. Doll Enterprises, Inc.
Sostchin, through a trust controlled by him, operated a multi-tenant commercial building that was destroyed by fire. Doll Enterprises operated a shoe store in Sostchin’s building, and was awarded lost profits following the fire that was negligently caused ...
Owner’s Compensation Must Be Considered In Calculating Net Profits
Sostchin, through a trust controlled by him, operated a multitenant commercial building that was destroyed by fire.
Estate of Lewis Bailey v. CIR
The Tax Court considered the valuation of two 25 percent interests in a corporation that owned and operated motels. The corporation was valued by both parties using an adjusted net asset value method. That valuation method was accepted by the Tax Court. T ...
Marketability Discount Based on IPO and Restricted Stock Studies Rejected
The Tax Court considered the valuation of two 25% interests in a corporation that owned and operated motels.
Conti v. Christoff
At issue is whether the trial court was required to use a valuation method based solely upon the raw assets of the partnership, or whether the court could order further factfinding based on a different valuation method.
Fair Cash Value Not Error in Valuation of Partnership Interest
This case was on appeal from a magistrate's findings and the trial court's rulings regarding valuation of a 25% limited partnership interest.
Richard L. Cohen v. Doris I. Cohen
The New York Supreme Court, Appellate Division, Second Department affirmed the lower court’s decision not to apply a lack of marketability discount to the value of a real property holding company. Relying on established case law, the court noted that a la ...
Marketability Discount Applies Only to Goodwill
The New York Supreme Court, Appellate Division, Second Department affirmed the lower court’s decision not to apply a lack of marketability discount to the value of a real property holding company. Relying on established case law, the court noted that a la ...
Infringement Damages Limited to Pretrial Period When Permanent Injunction Is Issued
The U.S. District Court for the Southern District of Indiana reversed a damage award for mySimon’s infringement of the “Simon” mark. The damages were determined as a percentage of mySimon’s value (determined by reference to the price CNET paid to acquire ...
Simon Property Group, L.P. v. mySimon, Inc.
The U.S. District Court for the Southern District of Indiana reversed a damage award for mySimon’s infringement of the “Simon” mark. The damages were determined as a percentage of mySimon’s value (determined by reference to the price CNET paid to acquire ...
Tax Court Determines Capital Gains Discount for Real Estate Holding Company
This issue in this estate tax matter is the fair market value of decedent's 82.76% interest in Valley Improvement Co. Inc. (VIC), a real estate holding company, as of Jan. 12, 1994.
Borgatello v. Commissioner
T.C. Memo. 200-264 UNITED STATES TAX COURT ESTATE OF CHARLES A. BORGATELLO, DECEASED, C. NORMAN BORGATELLO AND JOSEPHINE E. DONNELLY, CO-EXECUTORS, AND C. NORMAN BORGATELLO, SUCCESSOR TRUSTEE TO THE CHARLES A. BORGATELLO LIVING TRUST, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 24756-97. Filed August 18, 2000. John W. Ambrecht and Gregory Arnold, for petitioners. Donna F. Herbert, for respondent. MEMORANDUM OPINION WELLS, Chief Judge: Respondent determined a deficiency of $3,424,504 in the ...
Tax Court Allows Capital Gains Discount for Real Estate Holding Company
The issue in this estate tax matter is the fair market value of decedent's 82.76% interest in Valley Improvement Co. Inc. (VIC), a real estate holding company, as of Jan. 12, 1994.
Built-In Capital Gains Considered in Build Up of the Marketability Discount
The Tax Court valued a real estate holding company using the net asset value method.
Reliance Insurance Company v. Denton Central Appraisal District
At issue in this tax appraisal case is the appraised value of the land of a shopping center under section 42.26 of the tax code.
Joseph Aubrey Shephard v. Christine M. Shephard
The Michigan Court of Appeals affirmed the lower court's calculation of the appreciation in husband's separate property, a real estate operating company.
Amount of Appreciation Established as Change in Corporation’s Net Equity as Reported on Its Financial Statements
The Michigan Court of Appeals affirmed the lower court's calculation of the appreciation in husband's separate property, a real estate operating company.
Partnership Valuation Focuses on Minority, Marketability Discounts
The issue is the value of one general partnership unit (out of 95) in FC Partners as of decedent's date of death, Dec. 31, 1989.
Barudin v. Commissioner
At issue is the proper date-of-death value of decedent's ownership unit in a partnership that owned real property in New York City.
Attorney Represents Both Parties to a Transaction
Plaintiff, Mr. Schlesinger, merged his real estate company with Westminster Asset Management, a company a Mr. Lassen controlled.
Schlesinger v. Herzog
At issue is the admittance of expert testimony.