Valuation of Gifts

In Okerlund and Polack: How Probative Are Post-Gift Facts?, 105 Tax Notes 196 (Oct. 11, 2004), Prof. Wendy Gerzog explains that “while the Eighth Circuit and the Federal Circuit consider relevant and probative postgift events to value gifts of stock in closely held companies, they are unlikely to reverse lower court determinations that do not accord those post-gift facts conclusive or highly probative weight.”