Monthly Archives: June 2012

Taxpayers hoisted by their own petard! Lex dura lex sed lex!!!

KEY WORDS: Valuation; Charitable Contribution Deductions EXECUTIVE SUMMARY: In a fact rich memorandum decision, Judge Holmes of the Tax Court decided that the taxpayers were properly denied charitable contribution deductions for very large and possibly undervalued pre-IRC Secs. 170(f)(11)(C) and … Continue reading

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