Estate of Fortunato v. Comm'r

Tax Court holds decedent's participation in family business doesn't amount to ownership In Estate of Fortunato v. Comm'r, T.C. Memo 2010-105 (May 12, 2010), the Tax Court held that Robert Fortunato, who had previously been convicted of robbery and maintained a low profile for the rest of his life to evade creditors' claims, didn't have an ownership interest in the family business that he had developed