EST2333. The Tax Trial of the Century - Estate of Michael J. Jackson v. Commissioner

An entertaining and informative look at a case described by The Hollywood Reporter as “the Tax Trial of the Century”, presented by the former IRS Estate Tax Attorney that was involved through all stages of this case. Estate of Michael Jackson v Commissioner is an important case that provides direction in valuing music assets and right of publicity and also illustrates how the credibility of the valuation experts can make or break the case. The 271-page opinion of the trial judge does not hold back in its criticism of each of the valuation experts.

Learning Objectives:

• Importance of the credibility of the valuation experts
• Valuation of Intellectual property assets, including music copyrights and right of publicity
• Application of lack of control and lack of marketability discounts to a partial interest
• IRS Penalties