Monthly Archives: August 2011

IRS Releases Job Aid for Discounts for Lack of Marketability

KEY WORDS: Valuation; Discount for Lack of Marketability EXECUTIVE SUMMARY: The IRS has released to the public a 107 page document entitled “Discount for Lack of Marketability Job Aid for IRS Valuation Professionals.” This document summarizes and evaluates most of … Continue reading

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Ninth Circuit Affirms Tax Court in Defined Value Gift Case

Key words: Defined Value Gifts Executive Summary: In this federal gift tax case, the Ninth Circuit unanimously affirmed the Tax Court’s determination that the taxpayer’s defined value gift clause was enforceable under state law and was to be respected for … Continue reading

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