MANDELBAUM v. COMMISSIONER
United States Tax Court
Held: A 30-percent marketability discount is applied to determine the fair market value of certain shares of stock owned by each P on six valuation dates. Factors for determining marketability discount discussed.
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Held: A 30-percent marketability discount is applied to determine the fair market value of certain shares of stock owned by each P on six valuation dates. Factors for determining marketability discount discussed. Held, further, Ps are not liable for additions to their 1987 and 1988 Federal gift taxes for valuation understatements under sec. 6660, I.R.C.Held, further, Ps are not liable for additions to their 1989 and 1990 Federal gift taxes for substantial gift tax valuation understatements under sec. 6662(a) and (g), I.R.C.
1Opinion of the Court
BERNARD MANDELBAUM, ET AL., 1 Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
MANDELBAUM v. COMMISSIONER
Docket Nos. 20517-92, 20678-92, 20687-92, 20688-92, 20689-92, 12749-94, 12750-94, 12751-94, 12752-94, 12753-94, 12754-94, 12755-94, 12756-94, 12757-94, 12758-94, 12759-94, 12760-94, 12761-94, 12762-94, 12763-94
United States Tax Court
T.C. Memo 1995-255; 1995 Tax Ct. Memo LEXIS 256; 69 T.C.M. (CCH) 2852;
June 12, 1995, Filed
Decisions will be entered under Rule 155.
Held: A 30-percent marketability discount is applied to determine the fair market value of certain shares of stock owned…
2Cases cited41 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- United States v. BoyleSupreme Court of the United States · 1985
- 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
36 more not listed; retrieve them via the Exa API.
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