Kress v. U.S., 123 AFTR 2d 2019-1224 (E.D. Wis. March 26, 2019) is a very interesting case with respect to various valuation issues. It is a gift tax refund case, with the sole issue being the value of minority interests in S corporation stock. The S corporation (Green Bay Packaging, Inc., referred to in the opinion as “GBP”) owned an operating business and non-operating assets.
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