To provide insight on Tax Court proceedings, Stout’s Trust & Estate professionals examine the seminal cases of the past as well as the most recent hot-button cases regarding valuation for income, estate, and gift tax purposes.

We also discuss the latest arguments used by the IRS to limit valuation discounts and strategies to buttress against them. By exploring a broad set of cases covering the good, the bad, and the ugly, we look to provide suggestions on how to do the following:

• Reduce the probability of an audit
• Increase the likelihood of victory, if audited
• Establish a basis for a more favorable negotiated settlement, if challenged

The Current State of Discount Valuations is a valuable resource, updated annually.