Tax Notes has published a recent opinion from the Tax Court determining the value of a decedent's interest in a limited liability company included in the decedent's gross estate. The Tax Court excluded a new appraisal from evidence and found that the IRS's valuation did not error.
See Halpern, James S., "TAX COURT DETERMINES VALUE OF DECEDENT'S LLC INTEREST." (2013 TNT 223-14)(NOVEMBER 18, 2013).
Rachelle Hellams, Esq.
Associate Editor Wealth Strategies Journal