Thompson v. Commissioner (decided 8/23/07 - Expert Qualifications)

In this U.S. Court of Appeals, Second Circuit, case, the Court questioned the qualifications of the experts hired by the Estate in that they were from Alaska and were valuing a New York publishing company. They had "demonstrated no experience with....Internet- and technology-related companies" and were "too inexperienced, accommodating, and biased in favor of the estate". On the other hand, the Tax Court viewed the Commissioner's methodology as generally deficient.


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