Buy-sell agreement one factor in value of medical practice
In this marital dissolution case, the wife appealed the trial court's valuation of her husband's interest in a medical practice.
Adams v. U.S. (II)
At issue is whether discounts for lack of control, lack of marketability, and poor portfolio diversity are applicable when appraising the value of an assignee's fractional interest in a Texas general partnership for estate tax purposes.
HMO-W v. SSM Health Care System (II)
At issue is whether the court of appeals erred when it precluded the application of minority discounts in determining the fair value of dissenters' shares.
Court Accepts Taxpayer's Expert Value Despite Taxpayer Protests
The issues in this estate tax matter were as follows: the fair market value of Frank DiSanto's (Frank) 186,177 shares (53.5%) of stock in Morganton Dyeing & Finishing Corp. (MD&F) on his date of death; and the fair market value of the MD&F stock Grace DiSanto (Grace) was entitled to inherit from Frank's estate (a minority interest) on his date of death.
'Net Asset Value' Rejected as Form of Liquidation
This appeal arose out of a cash-out merger of the minority stockholders of a closed-end investment fund known as Okeechobee Inc.
Equipment Company Valuation Turns on Asset- and Earnings-Based Values
The fair market value of 492,610 shares of stock in Dunn Equipment Inc. is in dispute in this case.
Paskill Corp. v. Alcoma Corp.
At issue is the fair market value of minority shareholder's stock at the time of a merger.
Court Denies Deduction of Trapped in Capital Gains Tax; Disallows Deduction for Liquidation Costs
This appeal arose out of a cash-out merger of the minority stockholders of a closed-end investment fund known as Okeechobee Inc. (Okeechobee).
Fair Value Cannot Be Determined Using Net Asset Value Alone
The Delaware Supreme Court ruled that a corporation valued pursuant to the appraisal statute could not be valued solely by reference to its net asset value because net asset value equates to the theoretical liquidation value. The statute states that a bu ...
Harmon v. Harmon
At issue is the valuation of husband's medical practice.
Estate of Dunn v. Commissioner (I)
At issue is the fair market value of 492, 610 shares of Dunn Equipment.
Petitioners' expert accepted despite their claim of lower value
The Experts: Clifford Braly III (for taxpayers on returns) Deloitte & Touche Management Planning, Inc. (for petitioners at trial) William H. Frazier, ASA (for petitioners ...
Estate of DiSanto v. Commissioner
At issue is the fair market value of a block of 186,177 shares of MD&F stock owned by the decendent.
Petitioners' Expert Accepted Despite Their Claim of Lower Value: Marital Deduction Based on Stock Actually Inherited After Disclaimer
The issues in the estate tax matter were: the fair market value of Frank DiSanto's (Frank) 186,177 shares (53.5%) of stock in Morganton Dyeing & Finishing Corp. (MD&F) on the date of death; the fair market value of the MD&F stock Grace DiSanto (Grace) was entitled to inherit from Frank's estate (a minority interest) on her date of death; whether Grace had expectancy interest only in the stock she was entitled to inherit; and whether Frank's estate was entitled to a marital deduction based on the value of the stock he willed to Grace or based on the value of the stock she was entitled to receive after executing a disclaimer of part of her interest in the stock.
A Post-Valuation Date Redemption and a Marital Deduction
The Tax Court determined that the fair market value of stock in a fabric dying corporation.
Freeman v. Freeman
At issue is the valuation of husband's interest in a technology business and the possible error by the trial court of not instructing the parties to submit expert testimony as to the value o ...
Competent evidence of net asset value presented: No court-appointed expert required
One of the primary issues in this marital dissolution is the characterization and valuation of the husband's 50% interest in Advanced Technology Resources Inc.
Estate of Smith v. Commissioner
At issue is the value of Smith's shares of stock in two companies, Jones Farm Inc., and First National Bank of Waverly, as of her death.
Court Accepts Taxpayer's 76% Discount on Farm Corporation
The estate in this case held minority interests in two companies: Jones Farm Inc. (JFI) (33% ownership of common stock) and in the First National Bank of Waverly (FNBW) (12% of common stock).
Conner v. Conner
At issue is the valuation of husband's radiology business.
Valuation must distinguish between enterprise and personal goodwill
Two issues arose in this marital dissolution relating to the husband's radiology practice, Associated Imaging, Inc.
Paskill v. Alcoma
At issue is the fair value of the plaintiff's cashed-out minority shareholders' shares of Okeechobee Inc., which merged with the defendant company.
Investment Company Fair Value Includes Capital Gains Tax Discount, But No Sales Expense Adjustment
This judicial appraisal action arose out of the cash-out merger of Okeechobee Inc. with its majority shareholder, Alcoma Corp.
Clarification on Partnership Spectrum study
The February issue of Business Valuation Update presented the findings of The Partnership Spectrums sixth annual price-to-value discount study. However, it was not made clear, at least to ...
Packwood predicts that Clinton's proposal to eliminate FLP discounts from NAV will pass
Shannon Pratt: Senator, I know from conversations in earlier years that you have a great depth of interest and knowledge regarding the U.S. tax system. Do you still keep up with current tax issues?