Are there articles about the Tax Case?

I am Japanese student, studying Tax Law, especially the Valuation of unlisted stock.

And now I study the case; Estate of Gallagher v. Comm'r, T.C. Memo 2011-244.

My question is:

Are there articles about this case in Law Reviews or Journals?

I usually use Lexis.com when looking for relevant information.

But no article is found at least I searched.

If the article exist, please tell me its title, auther, etc.

Thank you.

Update:

I am sorry to my less description.

I am looking for the article about the case that specialists refer, for example, whether the judge was appropriate or not .

In other words, I need the opinion of specialist about this case.

2 Answers

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  • Bobbie
    Lv 7
    7 years ago
    Favorite Answer

    T.C. Memo. 2011-148

    UNITED STATES TAX COURT

    ESTATE OF LOUISE PAXTON GALLAGHER, DECEASED, F. GORDON SPOOR,

    PERSONAL REPRESENTATIVE, Petitioner v.

    COMMISSIONER OF INTERNAL REVENUE, Respondent

    Docket No. 16853-08. Filed June 28, 2011.

    Decedent owned 3,970 units of Paxton Media Group, LLC,

    representing a 15-percent ownership interest in the limited

    liability company.

    Held: Fair market value of the units determined.

    Sec. 2031, I.R.C.

    James R. Spoor and Jon M. Wilson, for petitioner.

    Stephen R. Takeuchi, for respondent.

    Gallagher v. Commissioner, TC Memo. 2011-148 - U.S. Tax Court

    wealthmanagement.com/financial-planning/estate-wins-big-gallagher-or-does-it

    Estate Wins Big in Gallagher – Or Does It

    Hope that you find the above enclosed information useful. 05/16/2013

  • 7 years ago

    Law journals won't be available on Lexis, generally speaking. You'll need a service like Hein Online or access to a law library to find those things.

    Valuation of closely-held companies is extremely subjective and is one of the most-often audited things on a gift/estate return. Our firm just handled some of these gifts, and the process to compile all the information and do the valuation took several weeks. The good thing about it is that the billing we did got me a small bonus.

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