The Site to Follow for Current Developments in IRS and State Tax Matters
Friday, August 27, 2010
Whitehouse Valuation Case Remanded
The Fifth Circuit Court of Appeals just remanded Whitehouse to the Tax Court. The case involves the valuation of a facade easement and one of the interesting issues in the case is the determination of highest and best use. See Whitehouse Hotel Limited Partnership v. Commissioner, Case No. 09-60085 (5th Cir., 8/10/10).