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Value Of Business At Issue In Recent Estate Tax Case

The value of a closely held business was the central issue in a recent estate tax case: Estate of Deputy v. Commissioner, T.C. Memo 2003-176 (U.S. Tax Ct. June 13, 2003), Judge Gerber.Helen Deputy, the decedent, held a 99% limited partnership interest and a 0.5% general partnership interest in a family limited partnership "(FLP"). ...

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