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Valuing a Hypothetical Asset Renders Appraisal ‘Meaningless’

In Alli v. Commissioner, 2014 Tax Ct. Memo LEXIS 15 (Jan. 27, 2014), a taxpayer…

Tax Court explains how to value a holding company and discount for BICG liability

Just as film critics predict that a movie they see today will be a contender in…

GAAP ‘Relevant,’ But ‘Not Controlling’ in Valuation

In re Flashcom, Inc., 2013 U.S. Dist. LEXIS 171266 (Dec. 4, 2013) After an Internet business…

Inexact Apportionment Invalidates Expert’s Royalty Calculation

Rembrandt Social Media, LP v. Facebook, Inc., 2013 U.S. Dist. LEXIS 171127 (Dec. 3, 2013) In…

Expert’s Calculation Report Fails to Yield ‘Actual Fair Valuation’

Surgem, LLC v. Seitz, 2013 N.J. Super. Unpub. LEXIS 2491 (Oct. 16, 2013)  We are asked…

IRA-Based Funding Strategy Runs Afoul of Tax Regulations

Peek v. Commissioner, 2013 U.S. Tax Ct. LEXIS 13 (May 9, 2013) It’s not uncommon for…

Tax Court: 7.5 Percent or 30.6 Percent DLOM?

Estate of Koons v. Commissioner, 2013 Tax Ct. Memo LEXIS 98 (April 8, 2013) In connection…

IRS Strains to Prove Goodwill in Like-Kind Exchange

Deseret Management Corp. v. United States, 2013 U.S. Claims LEXIS 987 (July 31, 2013) IRS discovers…

New Tax Court Cases may Impact Estate & Gift Tax Valuations

There are two recent Tax Court cases that may impact estate and gift business valuations, the…