The court relied on the price of shares determined in the Final Decree. No penalties were added for not declaring a gift due to reliance on professional advice. The memo references the Edward Redstone v. Commissioner case and mentions FMV Opinions, Inc.'s involvement in estate and gift tax valuation.
documents/vol00010-efta01459107-pdf.pdf
{"key_people":["Sumner","Edward Redstone","Mr. Hall"],"document_date":"2015-12-09","document_type":"correspondence","key_locations":["New York","San Francisco","Irvine","Dallas"],"document_subtype":"memo","key_organizations":["FMV Opinions, Inc.","NAI","Viacom"],"reference_numbers":["W T.C. Memo. 2015-237","145 T.C. No. I I","896 N.E.2d 595"]}