Keeping Up with the Joneses:  A Fresh Perspective on Tax-Affecting

dc.creator	Perez, Kelly M.
dc.date.accessioned	2022-06-20T17:32:12Z
dc.date.available	2022-06-20T17:32:12Z
dc.date.issued	2021
dc.description.abstract	This article examines Estate of Jones v. Commissioner, provides a brief historical context of the opinions that consider tax-affecting in prior Tax Court and Federal Circuit Court opinions, reviews current trends in determining FMV for transfer tax purposes, and offers several key observations, specifically in light of the current economic climate with COVID-19. As this article will discuss, valuation professionals may want to “keep up with the Joneses” by carefully reviewing whether it makes sense to provide similar supporting evidence, as provided in Jones, when appraising a closely-held business with similar characteristics for transfer tax purposes.	en_US
dc.identifier.citation	13 Est. Plan. & Cmty. Prop. L. J. 417	en_US
dc.identifier.uri	https://hdl.handle.net/2346/89676
dc.language.iso	eng	en_US
dc.publisher	Estate Planning and Community Property Law Journal	en_US
dc.subject	Estate planning	en_US
dc.subject	Closely-held business	en_US
dc.subject	Transfer tax	en_US
dc.subject	Jones v. Commissioner	en_US
dc.subject	IRS valuation challenge	en_US
dc.subject	Tax court	en_US
dc.subject	Valuation	en_US
dc.subject	Kress v. United States	en_US
dc.subject	Cecil v. Commissioner	en_US
dc.subject	Gross v. Commissioner	en_US
dc.subject	Tax Cuts and Jobs Act of 2017	en_US
dc.title	Keeping Up with the Joneses: A Fresh Perspective on Tax-Affecting	en_US
dc.type	Article	en_US

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