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Old 06-23-2013, 03:52 PM
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vinny vinny is offline
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Join Date: May 2009
Location: The Village Formerly Known as Niles Centre
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Originally Posted by DSpivack View Post
It does to the IRS.
Originally Posted by Huisj View Post
And probably to the Pohlad's too. Tax loopholes are probably why they did it so complicatedly.
Oh, I'm sure the Pohlads will claim all sorts of nonsense like valuation discounts for minority interest, lack of marketability, etc. (the tax court petition did make the argument that there was no ready market for the ball club). But as a tax guy I will tell you that substance (closely held business with control nominally in the hands of the sons) can sometimes trump form. It just remains to be seen if this is one of those instances.
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