My second article, published in Bloomberg Tax is entitled “Valuing a Complex Legacy: Lessons in Valuation from Estate of Jackson.” It was published in Bloomberg’s Estates, Gifts, and Trusts Journal (46 Tax Mgmt. Est. Gifts Tr. J. No 5 (Sept. 9, 2021)).
The article was written in response to the inestimable Judge Mark Holmes’ opinion in Estate of Jackson v. Commissioner, T.C. Memo. 2021-48, a 271 page leviathan of an opinion regarding the trials and tribulations in the valuation of the estate of the King of Pop himself, Michael Jackson. It is, quite probably, my magnum opus.
Whether it’s a footnote that reads: “Compare Alanis Morrissette and Glen Ballard, ‘‘Ironic,’’ Jagged Little Pill (Maverick-Warner Brothers 1995), with Søren Kierkegaard, On the Concept of Irony with Continual References to Socrates (1841)” or another that reads “Kubla Khan was written (Coleridge himself admitted) under the heavy influence of laudanum in 1797 and published in 1816. Kubla Khan is, unquestionably, the 19th century version of the Beatles ‘Lucy in the Sky with Diamonds’ or the entire acid-induced catalog of Grateful Dead songs, which is to say, Kubla Khan is the 19th century equivalent of ‘a long, strange trip.’”
From references to Salvador Dali to Arlo Guthrie’s masterpiece, “Alice’s Restaurant,” and a heavy dose of references to Greek mythology, you might just learn a thing or two about tax…and so much more.
Thanks to Bloomberg Tax, especially Kate Adcock and David Santoro, for publishing my slanted interpretation of taxes. It is a privilege to write for Bloomberg.
Enjoy the read!
“Valuing a Complex Legacy: Lessons in Valuation from Estate of Jackson, 46 Tax Mgmt. Est. Gifts & Tr. J. No. 5 (Sept. 9, 2021), was reproduced with permission from Bloomberg Tax Management Memorandum Estates, Gifts, and Trusts Journal, Copyright 2021, The Bureau of National Affairs, Inc. (800-372-1033) www.bloombergindustry.com. Third parties are not authorized to reproduce the article without permission from The Bureau of National Affairs, Inc.Add to favorites