Unavailable Appraiser Results in High Taxes for Taxpayer

A taxpayer ended up owing a lot more taxes when his appraiser didn't show up at his hearing.  In Estate of Tanenblatt v. Comm'r, the taxpayer contested the high value used by the IRS of an LLC of which he had a 16.667% interest.  The taxpayer attached a second appraisal with a lower value for … Continue reading Unavailable Appraiser Results in High Taxes for Taxpayer