Big News on Discounting for Potential Income Tax Liability
Big News on Discounting for Potential Income Tax Liability
Date
2010-09-10
Authors
Harl, Neil
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Altmetrics
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Iowa State University Digital Repository
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Iowa State University Digital Repository
Abstract
The decades-long battle over discounting of values of assets for potential income tax liability reached a major milestone in August with a Tax Court decision1 accepting dollar-for-dollar discounting of assets based on potential income tax liability.2