New Case: Reri Holdings I v. CIR

The charitable contribution claimed by dissolved LLC Reri Holdings was attacked in Tax Court as a scam transfer. The charitable contribution claimed was made to a university and was a successor membership interest in another LLC.

In Reri Holdings I v. CIR, the summary judgment motion by CIR to have the appraisal used as support by the LLC to be found to be unsatisfactory for being considered a qualified appraisal and thus the successor membership Interests was not substantiated was denied.

See Theodore H. Waggner, Reri Holdings I v. CIR: Valuing a 100% Interest in a Disregarded Entity for Charitable Contribution Purposes, Wealth Strategies Journal, Dec. 4, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.