T.C. Memo. 1997-188
UNITED STATES TAX COURT
ESTATE OF BONNIE I. BARGE, DECEASED,
C. RICHARD BARGE, EXECUTOR, Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 230-92. Filed April 23, 1997.
At issue is the valuation of a 25-percent
undivided interest in timberland that was the subject
of gifts made by donor. R determined a deficiency in
Federal gift tax based on her valuation of the
interest. Held: Value of interest determined by
discounting partition award to present value.
Harris H. Barnes III and John V. Eskrigge, for petitioner.
Robert W. West, for respondent.
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