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Pierce v. Commissioner,
U.S. Tax Court,
T.C. Memo. 2025-29,
filed April 7, 2025


This case involved gifts and sales of minority interests in LLCs that owned small businesses.  The Tax Court discussed in detail the opinion of each expert.  The result was the application of 5% discounts for lack of control, 25% discounts for lack of marketability and the tax affecting of pass-through income at a rate of 26.2%.  

Note: Full-text of this case can be accessed by clicking on the name of the case.


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