T.C. Memo. 2003-258
UNITED STATES TAX COURT
CLARISSA W. LAPPO, Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 11811-01. Filed September 3, 2003.
J. A. Cragwall, Jr., Norbert F. Kugele, and Dean F. Pacific
for petitioner.
John Stevens and Robert D. Heitmeyer, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
THORNTON, Judge: Respondent determined a $998,508
deficiency in petitioner’s 1996 Federal gift tax. The issue for
decision is the fair market value of interests in a family
limited partnership that petitioner transferred in 1996.
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