Notable 4th Quarter 2015 Cases, Part II of II Part II of this article highlights the remaining notable 4th Quarter 2015 U.S. Tax Court Cases that will be of interest to valuation practitioners and business advisors.  Estate of Purdue reminded us that taxpayers need to address 2036(a) concerns and establish a non-tax reason.  In addition, the case reminds us that gifting an equity or LLC interest may not qualify as a present interest for gift tax purposes.  Estate of Newberger involved the proper valuation of artwork, yet its holding is applicable to a business valuation opinion.  Sumner Redstone v. Commissioner…