T.C. Memo. 2020-28
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Grieve v. Commissioner: A Failed Attempt by the IRS to Reduce Valuation Discounts on Non-Voting Interests
- March 27, 2020
- Category: Corporate Advisory & Tax Compliance, Estate & Gift Valuation
By David Rudman, CPA/ABV, CVA – Sigma Valuation Consulting, Inc. Synopsis: In Grieve v. Commissioner (T.C. Memo. 2020-28) published March 2, 2020, the IRS found a deficiency in the petitioner’s 2013 Federal gift tax and applied an unusual valuation theory in an attempt to minimize valuation discounts where the entity’s ownership was split between voting and