2019 April
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Kress v. United States: US District Court Approves of Tax Affecting S-Corporation with No S-Corp Premium
- April 17, 2019
- Category: Estate & Gift Valuation
By David Rudman, CPA/ABV, CVA – Sigma Valuation Consulting, Inc. On March 25, 2019, the US District Court – Eastern District of Wisconsin issued a decision in Kress v. United States[1] where Chief Judge William C. Griesbach relied heavily on the taxpayer’s expert in valuing non-controlling interests in an operating S-Corporation called Green Bay Packaging,