Abstract

http://ssrn.com/abstract=2421301
 


 



Tax Court Sends Message on Valuation in Richmond


Kerry A. Ryan


Saint Louis University School of Law

March 24, 2014

Tax Notes, Vol. 142, No. 12, March 24, 2014
Saint Louis U. Legal Studies Research Paper No. 2014-10

Abstract:     
In Estate of Helen P. Richmond, the Tax Court determined the proper value for estate tax purposes of a minority interest in a family-owned corporation holding mostly appreciated securities. The court also sustained an accuracy-related penalty against the estate, finding that it used an unsigned draft report by a noncertified appraiser as the basis for the stock valuation reported on Form 706.

Number of Pages in PDF File: 5

Keywords: estate tax, BICG tax liability, valuation discount, stock valuation, built-in capital gains tax liability, estate tax valuation penalty, accuracy-related penalty

JEL Classification: E62, H2, K34

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Date posted: April 8, 2014 ; Last revised: May 23, 2014

Suggested Citation

Ryan, Kerry A., Tax Court Sends Message on Valuation in Richmond (March 24, 2014). Tax Notes, Vol. 142, No. 12, March 24, 2014; Saint Louis U. Legal Studies Research Paper No. 2014-10. Available at SSRN: http://ssrn.com/abstract=2421301

Contact Information

Kerry A. Ryan (Contact Author)
Saint Louis University School of Law ( email )
100 N. Tucker Blvd.
St. Louis, MO 63108
United States
3149777237 (Phone)
3149773332 (Fax)
HOME PAGE: http://law.slu.edu/

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