top of page

This paper presents the evolution in Tax Court thinking that has led to the misguided 2014 Estate of Richmond decision.

 

It then presents the correct economic method to provide a proper answer to the value of built-in gain based on a future exit date.  The question at hand is whether a speculative approach is appropriate.

 

Because it is based in fact, accrual based valuation has the fairest basis for built-in gain valuation, but the Richmond ruling demands that taxpayers be ready to defend against the Tax Court’s methodology with an economic rebuttal.

How to Defend Built-in Capital Gain Value v. Estate of Richmond (Copyright 2017)

$75.00Price
bottom of page