Estate of Gallagher v. Comm'r
United States Tax Court
Decedent owned 3,970 units of Paxton Media Group, LLC, representing a 15-percent ownership interest in the limited liability company. Held: Fair market value of the units determined. Sec. 2031, I.R.C.
1Opinion of the Court
ESTATE OF LOUISE PAXTON GALLAGHER, DECEASED, F. GORDON SPOOR, PERSONAL REPRESENTATIVE, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Estate of Gallagher v. Comm'r
Docket No. 16853-08
United States Tax Court
T.C. Memo 2011-148; 2011 Tax Ct. Memo LEXIS 150; 101 T.C.M. (CCH) 1702;
June 28, 2011, Filed
Decision will be entered under Rule 155.
Decedent owned 3,970 units of Paxton Media Group, LLC, representing a 15-percent ownership interest in the limited liability company. Held: Fair market value of the units determined. Sec. 2031, I.R.C.
James R. Spoor and Jon M. Wilson, for petitioner.
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2Cases cited20 opinions
- Helvering v. National Grocery Co.Supreme Court of the United States · 1938
- United States v. CartwrightSupreme Court of the United States · 1973
- Burton-Sutton Oil Co. v. CommissionerSupreme Court of the United States · 1946
- Buffalo Tool & Die Mfg. Co. v. CommissionerUnited States Tax Court · 1980
- Parker v. CommissionerUnited States Tax Court · 1986
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3Cited by2 opinions
- Estate of Gallagher v. Comm'rUnited States Tax Court · 2011
- R.D. Clark & Sons, Inc. v. ClarkConnecticut Appellate Court · 2019