In May 2021, the US Tax Court sitting in California gave its rulings on the case between the Internal Revenue Service (IRS) and the Estate of the famous singer Michael Jackson.

1. What were the three intangible assets of the Estate of MJ that the Estate and the IRS had disagreements regarding their values? (See page 6)
2. Give the value of each of the disputed items from the IRS Form 706 United States Estate (and Generation-Skipping Transfer) Tax Return filed by the executors of MJs estate.[p.50]
3. Based on the IRSs audit of Jacksons estate conducted in May 2013 at what figures did the IRS value each of the three disputed items? [page 51]
4. At what amounts did the court value each of the three disputed items? (page. 147-148; page 196; and page 247)
5. Which party won the case? Give at least three reasons why the prevailing party won the case.