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9th Circ. Tosses Tax Court's $27M Partnership Valuation

By Eric Kroh (December 8, 2014, 5:50 PM EST) -- The Ninth Circuit found Friday that the U.S. Tax Court erred in valuing a partnership interest at $27 million for estate tax purposes, more than twice the value claimed on the estate's tax return, ruling that the Tax Court miscalculated the probability that the partnership would be liquidated....

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