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Tax Court Weighs in on Defined Value Language and Tiered Valuation Discounts

Nelson v. Commissioner clarifies some important issues

Nelson v. Commissioner, T.C. Memo. 2020-81, proved to be one of the most important valuation-related decisions of 2020. In Nelson, the Tax Court decided important issues related to the use of defined value language within transfer documents and tiered valuation discounts. 


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