Monthly Archives: June 2011

Tax Court Values Limited Partnership Interest

Posted on June 26, 2011 by lpaulhoodjr

Executive Summary: In this federal estate tax case, the Tax Court, through Judge Morrison, determined the value of a 41.128% interest in Oregon limited partnership, which owned, as its principal asset, approximately 48,000 acres of timber land. The result was … Continue reading →

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Tax Court Deals IRS Another Blow in a Defined Value Gift Case

Posted on June 18, 2011 by lpaulhoodjr

Facts: In Hendrix, yet another John Porter and Baker Botts success, John and Karolyn Hendrix transferred, partially by net gift and partially by sale, nonvoting common shares of John H. Hendrix Corporation, a closely-held Texas corporation. The shares were transferred … Continue reading →

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Another Tax Court Daubert Decision

Posted on June 7, 2011 by lpaulhoodjr

In Mitchell Est. v. Comr., T.C. Memo 2011-94, a valuation case, the Tax Court rejected the work of the IRS appraiser, who utilized a valuation method that had not been accepted by any court.  The Tax Court noted: We further … Continue reading →

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