Important Tax Court Case Dealing with the Valuation of a Business: Buy-Sell Agreements, Employment Agreements and Initial Appraisals do matter, but not necessarily in the way you may think.
By Richard M. Morgan The Tax Court in the recent Adell v. Comm. Case has made some very interesting determinations that will help in planning for the valuation of closely-held business interests. Estate of Franklin Z. Adell, Deceased, v. Commissioner of Internal Revenue, T.C. Memo. 2014-155 (August 4, 2014). At the outset, it is important [...]