Tax Court is equally as likely to throw out IRS or taxpayer experts, professors argue
New academic research suggests that there may be more behind a Tax Court estate tax valuation than simply “splitting the baby,” and it’s not just the increasing sophistication of the court, counsel, and BV experts. Using models from prior literature as well as an updated data set, the authors of the just-posted article “Asset and [...]
Recent tax court case popular in the blogosphere
Gallagher Estate v. Comr., (T.C. Memo. 2011-148) engendered at least two spirited analyses online last week. On the blog The Business Valuation Reviewers Handbook attorney Paul Hood remarks: This is a very interesting valuation case because if you didn’t read the opinion except for the numbers, you’d have concluded that the estate’s appraiser prevailed! But [...]
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