Tuesday, December 3, 2013
In a recent opinion (2013 TNT 223-14), the Tax Court determined the correct value of a decedent’s interest in a limited liability company that was included in the decedent’s gross estate.
The Tax Court excluded a new appraisal from the evidence and found that the IRS did not err in its valuation.
See Rachelle Hellams, Esq., Tax Court Determines LLC Interest for Estate, Wealth Strategies Journal 2.0, Nov. 23, 2013.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.