The Supreme Court of South Dakota affirmed the circuit court's decision to reduce the value of real property for property tax purposes. The reduction was for oil production occurring on the subject cattle and sheep ranch. The taxpayer testified that the...

At issue is the fair market value of decendent's stock in J.R. Simplot Co.

The Third Circuit reversed the district court in this refund suit. The estate held farmland which was reported as qualified use property under IRC sec. 2032A. During the recapture period, the estate sold New Jersey a conservation easement in the property...

177 Wis. 2d 387, 501 N.W.2d 916 (Wis. Ct. App. May 27, 1993). Judge Eich.

The Iowa Court of Appeals affirmed the district court's valuation of a engineering and pattern making business that serviced the agricultural industry. The lower court accepted a valuation under the asset approach over the income approach because the comp...

Expert evidence helps support patent infringement award beyond established royalty rate.

The California Court of Appeal affirmed the lower court’s decision to exclude the valuation of condemned property using the discounted cash flow (DCF) method. The farm appealed the exclusion of the valuation. It also argued that an income valuation was ap...

Business Valuation and Taxes: Procedure, Law and Perspective...

The Delaware Court of Chancery determined that a company-specific risk premium should not be added when computing the cost of capital when there is no financial analysis supporting the company-specific risk. Furthermore, the court held that a small stock...

The Tax Court determined that the decedent did not receive adequate and full consideration when she transferred real property to her children in exchange for a private annuity. The court determined that the taxpayer's accountant provided them with faulty...