Tag Archives: Business Valuation; Estate Taxes; Built-In Gain Discounts

Ninth Circuit Reverses Tax Court in Family Limited Partnership Valuation Case-Giustina Est. v. Comr.


Executive Summary: In this federal estate tax case, the Ninth Circuit reversed the Tax Court’s decision substantially in favor of the IRS in a valuation case where the issue was the size of the discount for built-in capital gains and … Continue reading

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Richmond Est. v. Comr., a BIG tax discount case goes badly for taxpayer


Key words: Valuation; discount for built-in capital gains Executive Summary: In this federal estate tax case, in a memorandum decision, the Tax Court (Judge Gustafson) determined the discount for built-in capital gains for a 23.44% interest in a Pennsylvania C … Continue reading

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