Van Alen: A Reasonable Consistency
Wendy C. Gerzog
University of Baltimore - School of Law
January 13, 2014
Tax Notes, Vol. 142, No. 2, 2014
In Van Alen, the Tax Court held that the duty of consistency required that two of the decedent’s children use the section 2032A basis valuation figures to determine gain on the sale of their interest in the decedent’s ranch, which was left to them in trust. The siblings had argued that their stepmother erroneously completed their father’s estate tax return.
Number of Pages in PDF File: 4
Keywords: estate tax, duty of consistency, special use valuation, basis, Van Alen, section 2032A
JEL Classification: H20, H24, H25, H29, K34Accepted Paper Series
Date posted: January 13, 2014
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