Case Summaries Valuation of S Corporation Shares; Applicability of Section 2703(b) to Family Transfer Restriction, Kress v. U.S. (E.D. Wis, March 26, 2019)

Steve R. Akers

Jun 24, 2019

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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Steve Akers
Senior Fiduciary Counsel
Steve serves as Chair of the firm’s Estate Planning Committee and works closely with clients in the Southwest Region regarding their estate and trust planning issues.