Estate of Andrews v. Commissioner
United States Tax Court
Held, values are determined for stock held by decedent in closely held family corporations. Held, further, in arriving at these values, discounts are applied for lack of control and marketability even though decedent and his siblings held all the stock in the corporations.
1Opinion of the Court
Estate of Woodbury G. Andrews, Deceased, Woodbury H. Andrews, Executor, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Andrews v. Commissioner
Docket No. 12465-79
United States Tax Court
79 T.C. 938; 1982 U.S. Tax Ct. LEXIS 12; 79 T.C. No. 58;
November 29, 1982, Filed
Decision will be entered under Rule 155.
Held, values are determined for stock held by decedent in closely held family corporations. Held, further, in arriving at these values, discounts are applied for lack of control and marketability even though decedent and his siblings held all the stock in the corporations.
Fr…
2Cases cited26 opinions
- United States v. CartwrightSupreme Court of the United States · 1973
- Marie H. Hamm v. Commissioner of Internal Revenue, William Hamm, Jr. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1963
- Messing v. CommissionerUnited States Tax Court · 1967
- The Estate of Mary Frances Smith Bright, Deceased, by H. R. Bright, Independent v. United StatesCourt of Appeals for the Fifth Circuit · 1981
- Estate of Andrews v. CommissionerUnited States Tax Court · 1982
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