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Key Tax Court Cases on Valuation of Pass-Through Entities: The Later YearsKey Tax Court Cases on Valuation of Pass-Through Entities: The Later Years

Developments from 2020 to 2023.

Michael A. Gregory

January 31, 2024

10 Min Read
courtroom judge bench

In the companion article to this one, “Key Tax Court Cases on Valuation of Pass-Through Entities: The Early Years,” p. 44, Timothy J. Meinhart gives an overview of cases from 1999 to 2019.1 I’ll focus on the cases decided from 2020 to 2023: Grieve v. Commissioner,2 Lucero v. United States,3 Warne v. Comm’r,4 Michael Jackson v. Comm’r,5 Nelson v. Comm’r6 and Cecil v. Comm’r,7 which all relate to tax-affecting and other issues associated with pass-through entities. 

 

Grieve

In Grieve,8 the court had to determine the value of a 99.8% nonvoting interest in a grantor retained annuity trust and an irrevocable trust. Each of the two trusts were made up of 99.8% nonvoting interests and 0.2% voting interests in a limited liability company (LLC) cal...

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About the Author

Michael A. Gregory

Michael A. Gregory is an expert in conflict resolution dedicated to making thought-leading entrepreneurs and executives more successful. Michael is an international speaker on this topic and is the author of ten books. His most recent book, "A 60-step illustrated guide to conflict resolution" (October 2016), and others are available at http://mikegreg.com/books. Free resources are available online at www.mikegreg.com. Check out the blog. Contact Mike directly at [email protected] or call (651) 633-5311.